Retirement plan

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

Name: PENN WAREHOUSING & DISTRIBUTION, INC. - PENN WAREHOUSING & DISTRIBUTION, INC. UNION 401(K) PLAN (2019) Form 5500
Creator: PENN WAREHOUSING & DISTRIBUTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENN WAREHOUSING & DISTRIBUTION, INC. UNION 401(K) PLAN, PENN WAREHOUSING & DISTRIBUTION, INC.

PENN WAREHOUSING & DISTRIBUTION, INC.EIN 23-2183771Plan #003PY 2019

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

Other plans on this EIN

1 filing

#002Retirement-$11.0M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$1.6M

+22.5% from 2018

Total participants

245

-3.5% from 2018

Average account balance

$20,007

+22.5% from 2018

Annual return

20.72%

+27.05 pp from 2018

Benchmarks

See 135 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort135 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.48M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

30.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$153K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$496

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

+12.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$779

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.4 years Service code 15 · EIN 45-6062081	Recordkeeping	$4,603

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$20 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.291%

all-in expense ratio

Categories reported

0 / 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: SWS GROUP, P.C.
Auditor EIN: 813967664
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,007

$35,949-44.3%

$88,632-77.4%

$65,186-69.3%

Participation rate

26.5%

56.4%-29.8pp

68.8%-42.2pp

70.2%-43.7pp

Annual return

20.72%

47.52%-26.8pp

43.75%-23.0pp

29.39%-8.7pp

Employer contribution / active EE

$1,047-100.0%

$2,101-100.0%

$2,177-100.0%

Participant deferral / active EE

$647

$1,870-65.4%

$2,917-77.8%

$3,514-81.6%

Admin fee / account holder

$58

$496-88.3%

$4,308-98.6%

$847-93.1%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.4 years

Service code 15 · EIN 45-6062081

Recordkeeping

$4,603

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENN WAREHOUSING & DISTRIBUTION, INC. 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