Retirement plan

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

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

PENN WAREHOUSING & DISTRIBUTION, INC.EIN 23-2183771Plan #003PY 2022

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

Other plans on this EIN

1 filing

#002Retirement-$8.9M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$1.8M

-17.1% from 2021

Total participants

199

-7.9% from 2021

Average account balance

$20,746

-13.3% from 2021

Annual return

-13.80%

-35.01 pp from 2021

Benchmarks

See 162 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort162 peers

Snapshot2022

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.7 years Service code 15 · EIN 45-6062081	Recordkeeping	$7,237

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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$7K

$43 / participant

Investment mgmt$5K72.0%
Contract admin$2K28.0%

% of EOY assets

0.406%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SWS GROUP, P.C.
Auditor EIN: 813967664
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,746

$28,601-27.5%

$71,778-71.1%

$66,949-69.0%

Participation rate

32.3%

56.7%-24.3pp

62.3%-30.0pp

69.8%-37.5pp

Annual return

-13.80%

-10.90%-2.9pp

9.15%-23.0pp

1.57%-15.4pp

Employer contribution / active EE

$1,104-100.0%

$1,704-100.0%

$2,545-100.0%

Participant deferral / active EE

$837

$1,912-56.2%

$2,656-68.5%

$4,239-80.3%

Admin fee / account holder

$84

$506-83.4%

$3,974-97.9%

$594-85.8%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.7 years

Service code 15 · EIN 45-6062081

Recordkeeping

$7,237

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