Retirement plan

PENN MANUFACTURING INDUSTRIES, INC EMPLOYEES 401(K) PROFIT SHARING PLAN

Name: PENN MANUFACTURING INDUSTRIES, INC. - PENN MANUFACTURING INDUSTRIES, INC EMPLOYEES 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: PENN MANUFACTURING INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENN MANUFACTURING INDUSTRIES, INC EMPLOYEES 401(K) PROFIT SHARING PLAN, PENN MANUFACTURING INDUSTRIES, INC.

PENN MANUFACTURING INDUSTRIES, INC.EIN 23-2049949Plan #001PY 2020

506 STUMP ROAD - MONTGOMERYVILLE, PA 18936215-362-1217LinkedIn11-50 employeeselectrical/electronic manufacturing

Prospect flagsHigh cashLow participant contribution

How to read this page

Total assets (EOY)

$8.8M

+22.8% from 2019

Total participants

122

-0.8% from 2019

Average account balance

$79,004

+22.8% from 2019

Annual return

20.54%

+0.75 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.82M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$42K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

114

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

82.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$224K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.06%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$11

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754	Recordkeeping	$1,635

Plan features & details

Pension benefit codes2E3D2G2J2F2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$624

$6 / participant

Contract admin$624100.0%

% of EOY assets

0.007%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CITRIN COOPERMAN & CO. LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,004

$73,638+7.3%

$95,960-17.7%

$73,493+7.5%

Participation rate

90.3%

76.2%+14.1pp

77.1%+13.2pp

70.7%+19.6pp

Annual return

20.54%

16.78%+3.8pp

91.63%-71.1pp

28.51%-8.0pp

Employer contribution / active EE

$1,327

$1,863-28.8%

$2,541-47.8%

$2,270-41.5%

Participant deferral / active EE

$1,740

$3,617-51.9%

$4,167-58.2%

$3,740-53.5%

Admin fee / account holder

$482-98.8%

$6,797-99.9%

$513-98.9%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Service code 15 · EIN 11-3665754

Recordkeeping

$1,635

PENN MANUFACTURING INDUSTRIES, INC EMPLOYEES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENN MANUFACTURING INDUSTRIES, INC EMPLOYEES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion