Retirement plan

TWIN RIVERS PAPER COMPANY LLC MADAWASKA HOURLY 401(K) PLAN

Name: TWIN RIVERS PAPER COMPANY LLC - TWIN RIVERS PAPER COMPANY LLC MADAWASKA HOURLY 401(K) PLAN (2021) Form 5500
Creator: TWIN RIVERS PAPER COMPANY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWIN RIVERS PAPER COMPANY LLC MADAWASKA HOURLY 401(K) PLAN, TWIN RIVERS PAPER COMPANY LLC

TWIN RIVERS PAPER COMPANY LLCEIN 27-1723368Plan #005PY 2021

82 BRIDGE AVENUE - MADAWASKA, ME 04756207-728-8276twinriverspaper.comLinkedIn1001-5000 employeespaper & forest products

Other plans on this EIN

3 filings

#001Retirement-$47.7M assets #003Retirement-$25.8M assets #006Retirement-$21.2M assets

Prospect flagsFailed to provide benefit

How to read this page

Total assets (EOY)

$84.8M

+5.5% from 2020

Total participants

489

+2.7% from 2020

Average account balance

$173,873

+2.7% from 2020

Annual return

12.97%

-3.83 pp from 2020

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$89.03M

Not enough data

1 years with asset history on file

Average account balance

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

$170K

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.

524

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+15.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$57

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$11,122
CHESTER M. KEARNEY2 years Filed as: CHESTER M. KEARNEY, PA Service code 10 · EIN 01-0411241	Accounting	$10,250
MILLIMAN, INC.1 year Filed as: MILLIMAN ADVISOR, LLC. Service code 27 · EIN 91-0675641	Advisory (Plan)	$10,205
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 37 · EIN 04-2647786	Loan Processing	-$7,904

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

1 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$24K

$59 / participant

Investment mgmt$11K47.2%
Other / not subdivided$12K52.8%

% of EOY assets

0.028%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CHESTER M. KEARNEY, PA
Auditor EIN: 010411241
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$173,873

$93,131+86.7%

$106,548+63.2%

$86,799+100.3%

Participation rate

99.7%

81.4%+18.3pp

76.1%+23.6pp

72.3%+27.5pp

Annual return

12.97%

19.45%-6.5pp

26.80%-13.8pp

97.91%-84.9pp

Employer contribution / active EE

$5,895

$2,895+103.6%

$2,819+109.1%

$2,405+145.1%

Participant deferral / active EE

$5,737

$4,708+21.9%

$4,398+30.5%

$4,131+38.9%

Admin fee / account holder

$48

$145-66.7%

$7,407-99.3%

$170-71.5%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.4 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$11,122

CHESTER M. KEARNEY2 years

Filed as: CHESTER M. KEARNEY, PA

Service code 10 · EIN 01-0411241

Accounting

$10,250

MILLIMAN, INC.1 year

Filed as: MILLIMAN ADVISOR, LLC.

Service code 27 · EIN 91-0675641

Advisory (Plan)

$10,205

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$7,904

TWIN RIVERS PAPER COMPANY LLC MADAWASKA HOURLY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWIN RIVERS PAPER COMPANY LLC MADAWASKA HOURLY 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