Retirement plan

SPECTAPE OF THE MIDWEST EMPLOYEES' PROFIT SHARING PLAN

Name: SPECTAPE OF THE MIDWEST, INC. - SPECTAPE OF THE MIDWEST EMPLOYEES' PROFIT SHARING PLAN (2022) Form 5500
Creator: SPECTAPE OF THE MIDWEST, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPECTAPE OF THE MIDWEST EMPLOYEES' PROFIT SHARING PLAN, SPECTAPE OF THE MIDWEST, INC.

SPECTAPE OF THE MIDWEST, INC.EIN 31-1013277Plan #001PY 2022

7821 PALACE DRIVE - CINCINNATI, OH 45249513-489-7887LinkedIn11-50 employeespackaging and containers

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$781K

-34.4% from 2021

Total participants

-7.7% from 2021

Average account balance

$65,042

-29.0% from 2021

Annual return

-12.47%

-40.88 pp from 2021

Benchmarks

See 17,029 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort17,029 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$990K

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

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.

155.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2694

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$291K

$32354 / participant

Other / not subdivided$291K100.0%

% of EOY assets

37.307%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,042

$93,098-30.1%

$77,081-15.6%

$134,509-51.6%

Participation rate

100.0%

74.5%+25.5pp

67.9%+32.1pp

81.2%+18.8pp

Annual return

-12.47%

62.63%-75.1pp

42.33%-54.8pp

418.13%-430.6pp

Employer contribution / active EE

$3,274

$3,419-4.2%

$2,813+16.4%

$4,741-30.9%

Participant deferral / active EE

$5,239-100.0%

$4,428-100.0%

$6,400-100.0%

Admin fee / account holder

$24,265

$6,945+249.4%

$5,427+347.2%

$11,427+112.4%

SPECTAPE OF THE MIDWEST EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPECTAPE OF THE MIDWEST EMPLOYEES' 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