Retirement plan

MODERNE GLASS CO, INC. 401(K) & PROFIT SHARING PLAN

Name: MODERNE GLASS COMPANY, INC. - MODERNE GLASS CO, INC. 401(K) & PROFIT SHARING PLAN (2024) Form 5500
Creator: MODERNE GLASS COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MODERNE GLASS CO, INC. 401(K) & PROFIT SHARING PLAN, MODERNE GLASS COMPANY, INC.

MODERNE GLASS COMPANY, INC.EIN 25-1193044Plan #001PY 2024

1000 INDUSTRIAL BLVD. - ALIQUIPPA, PA 150014862724-857-5773glassamerica.comLinkedIn201-500 employeesmarketing and advertising

Prospect flagsLow returnsLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$5.6M

+9.3% from 2023

Total participants

190

-24.9% from 2023

Average account balance

$30,146

+41.7% from 2023

Annual return

9.40%

-3.82 pp from 2023

Benchmarks

See 1,845 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.61M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

186

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$314K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
URISH POPECK & CO., LLC1 year Service code 10 · EIN 25-1306171	Accounting	$14,500
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$10,870
TRANSAMERICA RETIREMENT SOLUTIONS5 years Service code 15 · EIN 13-3689044	Recordkeeping	$6,211

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3C3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$41K

$265 / participant

Contract admin$17K42.1%
Other / not subdivided$24K57.9%

% of EOY assets

0.724%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: URISH POPECK & CO., LLC
Auditor EIN: 251306171
Audit fees: $23,500
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,146

$78,607-61.6%

$105,624-71.5%

$74,478-59.5%

Participation rate

97.4%

72.8%+24.6pp

75.3%+22.1pp

67.2%+30.2pp

Annual return

9.40%

15.96%-6.6pp

116.20%-106.8pp

1370.56%-1361.2pp

Employer contribution / active EE

$392

$2,523-84.5%

$3,168-87.6%

$2,626-85.1%

Participant deferral / active EE

$1,657

$4,325-61.7%

$5,013-66.9%

$4,350-61.9%

Admin fee / account holder

$218

$2,220-90.2%

$10,961-98.0%

$1,946-88.8%

Provider

Service type

Compensation

URISH POPECK & CO., LLC1 year

Service code 10 · EIN 25-1306171

Accounting

$14,500

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$10,870

TRANSAMERICA RETIREMENT SOLUTIONS5 years

Service code 15 · EIN 13-3689044

Recordkeeping

$6,211

MODERNE GLASS CO, INC. 401(K) & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MODERNE GLASS CO, INC. 401(K) & 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