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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#003Retirement-$2.1M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$9.8M

+10.0% from 2022

Total participants

+3.8% from 2022

Average account balance

$195,294

+14.4% from 2022

Annual return

15.13%

+27.67 pp from 2022

Benchmarks

See 1,316 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort1,316 peers

Snapshot2023

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$676K

$25055 / participant

Other / not subdivided$676K100.0%

% of EOY assets

6.928%

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

$195,294

$22,602+764.1%

$65,583+197.8%

$75,177+159.8%

Participation rate

85.2%

63.1%+22.1pp

65.0%+20.2pp

67.2%+18.0pp

Annual return

15.13%

71.13%-56.0pp

47.46%-32.3pp

160.75%-145.6pp

Employer contribution / active EE

$2,544

$941+170.4%

$1,692+50.3%

$2,671-4.7%

Participant deferral / active EE

$4,913

$1,695+189.9%

$2,833+73.4%

$4,126+19.1%

Admin fee / account holder

$13,530

$1,877+620.7%

$4,112+229.1%

$5,651+139.4%

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