Retirement plan

BLUE LABEL PACKAGING CO. SAFE HARBOR 401K PROFIT SHARING PLAN

Name: BLUE LABEL PACKAGING CO. - BLUE LABEL PACKAGING CO. SAFE HARBOR 401K PROFIT SHARING PLAN (2023) Form 5500
Creator: BLUE LABEL PACKAGING CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLUE LABEL PACKAGING CO. SAFE HARBOR 401K PROFIT SHARING PLAN, BLUE LABEL PACKAGING CO.

BLUE LABEL PACKAGING CO.EIN 31-0963794Plan #003PY 2023

3750 LANCASTER, NEW LEXINGTON ROAD SE - LANCASTER, OH 43130866-506-2583bluelabelpackaging.comLinkedIn51-200 employeesprinting

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.8M

-3.2% from 2022

Total participants

158

+10.5% from 2022

Average account balance

$36,685

-12.4% from 2022

Annual return

-6.14%

-11.21 pp from 2022

Benchmarks

See 1,939 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,939 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.85M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

153

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

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+5.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$467

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
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$38,191
MORGAN STANLEY SMITH BARNEY1 year Service code 15 · EIN 20-8764829	Recordkeeping	$33,261
ADP BROKER-DEALER1 year Service code 59 · EIN 22-3319984	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$71K

$518 / participant

Other / not subdivided$71K100.0%

% of EOY assets

1.233%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLARK ,SCHAEFFER, HACKETT & CO
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,685

$71,534-48.7%

$98,462-62.7%

$71,529-48.7%

Participation rate

100.0%

72.7%+27.3pp

75.2%+24.8pp

67.9%+32.1pp

Annual return

-6.14%

32.44%-38.6pp

21.17%-27.3pp

28.97%-35.1pp

Employer contribution / active EE

$2,887

$2,399+20.3%

$3,049-5.3%

$2,590+11.5%

Participant deferral / active EE

$3,326

$4,109-19.1%

$4,738-29.8%

$4,291-22.5%

Admin fee / account holder

$452

$1,677-73.0%

$8,875-94.9%

$1,588-71.5%

Provider

Service type

Compensation

ADP BROKER-DEALER1 year

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$38,191

MORGAN STANLEY SMITH BARNEY1 year

Service code 15 · EIN 20-8764829

Recordkeeping

$33,261

ADP BROKER-DEALER1 year

Service code 59 · EIN 22-3319984

Shareholder Servicing

BLUE LABEL PACKAGING CO. SAFE HARBOR 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLUE LABEL PACKAGING CO. SAFE HARBOR 401K 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