Retirement plan

AKERS PACKAGING SERVICE, INC. 401(K) PROFIT SHARING PLAN

Name: AKERS PACKAGING SERVICE, INC. - AKERS PACKAGING SERVICE, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: AKERS PACKAGING SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AKERS PACKAGING SERVICE, INC. 401(K) PROFIT SHARING PLAN, AKERS PACKAGING SERVICE, INC.

AKERS PACKAGING SERVICE, INC.EIN 31-0671096Plan #002PY 2020

2820 LEFFERSON RD - MIDDLETOWN, OH 45044513-422-6312

Other plans on this EIN

1 filing

#003Retirement-$809K assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$27.2M

+16.6% from 2019

Total participants

211

+2.4% from 2019

Average account balance

$131,570

+16.0% from 2019

Annual return

18.27%

-4.33 pp from 2019

Benchmarks

See 1,894 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,894 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.33M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

566

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.

91.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+17.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53

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 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY6+ years Filed as: MORGAN STANLEY Service code 26 · EIN 26-4310632	Advisory (Participants)	$19,500
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 26 · EIN 20-8764829	Advisory (Participants)	$6,500
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$537

Plan features & details

Pension benefit codes2F2G2J2R3D2E3H

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

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

Expense breakdown

Schedule H Part II

Admin total

$27K

$144 / participant

Other / not subdivided$27K100.0%

% of EOY assets

0.097%

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: CLARK SCHAEFER HACKETT
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$131,570

$70,917+85.5%

$98,920+33.0%

$73,497+79.0%

Participation rate

97.8%

73.8%+24.0pp

76.0%+21.8pp

70.7%+27.1pp

Annual return

18.27%

34.18%-15.9pp

196.47%-178.2pp

28.51%-10.2pp

Employer contribution / active EE

$3,390

$2,037+66.4%

$2,689+26.1%

$2,270+49.4%

Participant deferral / active EE

$5,411

$3,501+54.6%

$4,245+27.5%

$3,740+44.7%

Admin fee / account holder

$128

$535-76.0%

$6,643-98.1%

$513-75.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY6+ years

Filed as: MORGAN STANLEY

Service code 26 · EIN 26-4310632

Advisory (Participants)

$19,500

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 26 · EIN 20-8764829

Advisory (Participants)

$6,500

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$537

AKERS PACKAGING SERVICE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AKERS PACKAGING SERVICE, 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