Retirement plan

THE MILLCRAFT PAPER COMPANY SAVINGS & INVESTMENT PLAN

Name: THE MILLCRAFT PAPER COMPANY - THE MILLCRAFT PAPER COMPANY SAVINGS & INVESTMENT PLAN (2016) Form 5500
Creator: THE MILLCRAFT PAPER COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MILLCRAFT PAPER COMPANY SAVINGS & INVESTMENT PLAN, THE MILLCRAFT PAPER COMPANY

THE MILLCRAFT PAPER COMPANYEIN 34-0401595Plan #001PY 2016

6800 GRANT AVENUE - CLEVELAND, OH 44105216-441-5505millcraft.comLinkedIn201-500 employeespaper & forest products

Prospect flagsHigh feesLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.9M

+10.5% from 2015

Total participants

250

+12.6% from 2015

Average account balance

$55,182

-31.7% from 2015

Annual return

10.28%

+10.70 pp from 2015

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.85M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

308

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$393

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
CBIZ RETIREMENT PLAN SERVICES2+ years Filed as: CBIZ FINANCIAL SOLUTIONS INC Service code 27 6050 OAK TREE BLVD S, SUITE 500 · INDEPENDENCE, OH 44131	Advisory (Plan)	$38,984
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$24,767
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS & INSURANCE Service code 13 8181 E TUFTS AVE, SUITE 600 · DENVER, CO 80237	Contract Administrator	$10,044
PEASE & ASSOCIATES, LLC2+ years Filed as: PEASE & ASSOCIATES, INC. Service code 10 1422 EUCLID AVE. #400 · CLEVELAND, OH 44115	Accounting	$9,000

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$74K

$339 / participant

Investment mgmt$74K100.0%

% of EOY assets

0.622%

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: PEASE & ASSOCIATES, LLC
Auditor EIN: 344267431
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,182

$63,924-13.7%

$108,582-49.2%

$55,1670%

Participation rate

83.9%

74.3%+9.6pp

79.6%+4.4pp

69.0%+15.0pp

Annual return

10.28%

15.31%-5.0pp

-51.70%+62.0pp

169.23%-159.0pp

Employer contribution / active EE

$1,879-99.9%

$3,758-99.9%

$1,963-99.9%

Participant deferral / active EE

$3,557

$3,067+16.0%

$4,311-17.5%

$3,054+16.4%

Admin fee / account holder

$343

$618-44.4%

$7,645-95.5%

$504-31.8%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES2+ years

Filed as: CBIZ FINANCIAL SOLUTIONS INC

Service code 27

6050 OAK TREE BLVD S, SUITE 500 · INDEPENDENCE, OH 44131

Advisory (Plan)

$38,984

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$24,767

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS & INSURANCE

Service code 13

8181 E TUFTS AVE, SUITE 600 · DENVER, CO 80237

Contract Administrator

$10,044

PEASE & ASSOCIATES, LLC2+ years

Filed as: PEASE & ASSOCIATES, INC.

Service code 10

1422 EUCLID AVE. #400 · CLEVELAND, OH 44115

Accounting

$9,000

THE MILLCRAFT PAPER COMPANY SAVINGS & INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MILLCRAFT PAPER COMPANY SAVINGS & INVESTMENT 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