Retirement plan

MARCAL MANUFACTURING, LLC UNION 401(K) PLAN AND TRUST

Name: SOUNDVIEW PAPER MILLS, LLC - MARCAL MANUFACTURING, LLC UNION 401(K) PLAN AND TRUST (2017) Form 5500
Creator: SOUNDVIEW PAPER MILLS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARCAL MANUFACTURING, LLC UNION 401(K) PLAN AND TRUST, SOUNDVIEW PAPER MILLS, LLC

SOUNDVIEW PAPER MILLS, LLCEIN 26-2230708Plan #002PY 2017

ONE MARKET STREET - ELMWOOD PARK, NJ 074701451201-703-6212

Other plans on this EIN

1 filing

#001Retirement-$10.4M assets

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$14.9M

+15.1% from 2016

Total participants

955

+9.8% from 2016

Average account balance

$15,695

+4.8% from 2016

Annual return

10.12%

+4.37 pp from 2016

Benchmarks

See 1,152 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,152 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.46M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

200

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$648K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$281

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT-WEST LIFE & ANNUITY INS. CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$52,413
TRUOG-RYDING COMPANY, INC.2 years Service code 13 2659 TOWNSGATE ROAD, STE. 101 · WESTLAKE VILLAGE, CA 91105	Contract Administrator	$28,416
KESTRA INVESTMENT SERVICES LLC2 years Filed as: KESTRA INVESTMENT SRVICES LLC Service code 55	Other Commissions	$15,432
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SVCS Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,788
KESTRA INVESTMENT SERVICES LLC2 years Service code 55 141 W. GREEN ST. · PASADENA, CA 78746	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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.
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.

Opportunity flags

2 tripped

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

$53K

$135 / participant

Contract admin$53K100.0%

% of EOY assets

0.352%

all-in expense ratio

Categories reported

1 / 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: BDO USA LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,695

$75,284-79.2%

$91,004-82.8%

$69,631-77.5%

Participation rate

99.0%

80.4%+18.6pp

75.6%+23.4pp

70.7%+28.3pp

Annual return

10.12%

48.40%-38.3pp

4.60%+5.5pp

27571.02%-27560.9pp

Employer contribution / active EE

$2,111

$2,473-14.6%

$2,456-14.0%

$2,032+3.9%

Participant deferral / active EE

$2,288

$3,700-38.1%

$3,548-35.5%

$3,224-29.0%

Admin fee / account holder

$55

$111-50.0%

$5,417-99.0%

$110-49.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT-WEST LIFE & ANNUITY INS. CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$52,413

TRUOG-RYDING COMPANY, INC.2 years

Service code 13

2659 TOWNSGATE ROAD, STE. 101 · WESTLAKE VILLAGE, CA 91105

Contract Administrator

$28,416

KESTRA INVESTMENT SERVICES LLC2 years

Filed as: KESTRA INVESTMENT SRVICES LLC

Service code 55

Other Commissions

$15,432

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SVCS

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,788

KESTRA INVESTMENT SERVICES LLC2 years

Service code 55

141 W. GREEN ST. · PASADENA, CA 78746

Other Commissions

MARCAL MANUFACTURING, LLC UNION 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARCAL MANUFACTURING, LLC UNION 401(K) PLAN AND TRUST

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