Retirement plan

DESIGN PLASTIC SYSTEMS, INC. PROFIT SHARING PLAN

Name: DESIGN PLASTIC SYSTEMS, INC, - DESIGN PLASTIC SYSTEMS, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: DESIGN PLASTIC SYSTEMS, INC,
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DESIGN PLASTIC SYSTEMS, INC. PROFIT SHARING PLAN, DESIGN PLASTIC SYSTEMS, INC,

DESIGN PLASTIC SYSTEMS, INC,EIN 23-2108847Plan #001PY 2020

C/O RICK SHAW, 639 GULPH RD. - WAYNE, PA 19087610-666-9770designplasticsystems.comLinkedIn11-50 employeesplastics

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$8.8M

+8.6% from 2019

Total participants

+5.6% from 2019

Average account balance

$514,965

+2.2% from 2019

Annual return

10.58%

-14.89 pp from 2019

Benchmarks

See 8,252 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,252 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.01M

Not enough data

1 years with asset history on file

Average account balance

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

$601K

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.

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.

105.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$307K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6543

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2H2J3D

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$420K

$26250 / participant

Other / not subdivided$420K100.0%

% of EOY assets

4.797%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$514,965

$118,708+333.8%

$98,920+420.6%

$158,966+223.9%

Participation rate

87.5%

77.8%+9.7pp

76.0%+11.5pp

82.0%+5.5pp

Annual return

10.58%

372.49%-361.9pp

196.47%-185.9pp

302.95%-292.4pp

Employer contribution / active EE

$3,651

$3,334+9.5%

$2,689+35.7%

$4,762-23.3%

Participant deferral / active EE

$12,431

$5,089+144.3%

$4,245+192.8%

$5,983+107.8%

Admin fee / account holder

$24,705

$10,134+143.8%

$6,643+271.9%

$11,250+119.6%

DESIGN PLASTIC SYSTEMS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DESIGN PLASTIC SYSTEMS, INC. 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