Retirement plan

PENN WAREHOUSING & DISTRIBUTION, INC. NON-UNION 401(K) PLAN

Name: PENN WAREHOUSING & DISTRIBUTION, INC. - PENN WAREHOUSING & DISTRIBUTION, INC. NON-UNION 401(K) PLAN (2022) Form 5500
Creator: PENN WAREHOUSING & DISTRIBUTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENN WAREHOUSING & DISTRIBUTION, INC. NON-UNION 401(K) PLAN, PENN WAREHOUSING & DISTRIBUTION, INC.

PENN WAREHOUSING & DISTRIBUTION, INC.EIN 23-2183771Plan #002PY 2022

2147 S. COLUMBUS BLVD. - PHILADELPHIA, PA 19148215-218-3009LinkedIn201-500 employeespackage/freight delivery

Other plans on this EIN

1 filing

#003Retirement-$1.8M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.9M

-11.9% from 2021

Total participants

-5.5% from 2021

Average account balance

$170,680

-6.8% from 2021

Annual return

-12.54%

-24.04 pp from 2021

Benchmarks

See 1,423 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort1,423 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.82M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$184K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$47089

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 codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$156K

$6765 / participant

Other / not subdivided$156K100.0%

% of EOY assets

1.753%

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

$170,680

$117,777+44.9%

$71,778+137.8%

$134,545+26.9%

Participation rate

100.0%

68.9%+31.1pp

62.3%+37.7pp

81.2%+18.8pp

Annual return

-12.54%

25.46%-38.0pp

9.15%-21.7pp

418.37%-430.9pp

Employer contribution / active EE

$2,753

$2,525+9.0%

$1,704+61.5%

$4,742-41.9%

Participant deferral / active EE

$6,005

$3,756+59.9%

$2,656+126.1%

$6,401-6.2%

Admin fee / account holder

$2,992

$6,379-53.1%

$3,974-24.7%

$11,431-73.8%

PENN WAREHOUSING & DISTRIBUTION, INC. NON-UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENN WAREHOUSING & DISTRIBUTION, INC. NON-UNION 401(K) 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