Retirement plan

CARTON SERVICE, INC. 401(K) AND PROFIT SHARING PLA

Name: CARTON SERVICE, INCORPORATED - CARTON SERVICE, INC. 401(K) AND PROFIT SHARING PLA (2016) Form 5500
Creator: CARTON SERVICE, INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARTON SERVICE, INC. 401(K) AND PROFIT SHARING PLA, CARTON SERVICE, INCORPORATED

CARTON SERVICE, INCORPORATEDEIN 34-0873311Plan #004PY 2016

P.O. BOX 702 - SHELBY, OH 448750702419-342-5010pharmapackagingsolutions.comLinkedIn51-200 employeespackaging and containers

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$13.6M

-6.8% from 2015

Total participants

196

-12.1% from 2015

Average account balance

$86,084

+5.0% from 2015

Annual return

5.79%

+5.43 pp from 2015

Benchmarks

See 1,948 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,948 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.45M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

145.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$318K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+17.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2715

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

Top 3 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY2+ years Filed as: VOYA RETIREMENT INSURANCE &ANNUITY Service code 26 · EIN 71-0294708	Advisory (Participants)	$44,014
LINCOLN NATIONAL CORPORATION2+ years Filed as: LINCOLN FINANCIAL ADVISORS CORPORAT Service code 99 · EIN 35-1151034	Other Fees	$30,249
MORNINGSTAR2+ years Service code 26 · EIN 36-3297908	Advisory (Participants)	$6,789

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

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: WALTHALL LLP
Auditor EIN: 340644631
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,084

$56,640+52.0%

$78,002+10.4%

$55,167+56.0%

Participation rate

77.8%

73.3%+4.5pp

75.5%+2.3pp

69.0%+8.8pp

Annual return

5.79%

2868.48%-2862.7pp

425.99%-420.2pp

169.23%-163.4pp

Employer contribution / active EE

$180

$1,724-89.6%

$2,470-92.7%

$1,963-90.8%

Participant deferral / active EE

$2,831

$2,778+1.9%

$3,497-19.0%

$3,054-7.3%

Admin fee / account holder

$467-100.0%

$5,481-100.0%

$504-100.0%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2+ years

Filed as: VOYA RETIREMENT INSURANCE &ANNUITY

Service code 26 · EIN 71-0294708

Advisory (Participants)

$44,014

LINCOLN NATIONAL CORPORATION2+ years

Filed as: LINCOLN FINANCIAL ADVISORS CORPORAT

Service code 99 · EIN 35-1151034

Other Fees

$30,249

MORNINGSTAR2+ years

Service code 26 · EIN 36-3297908

Advisory (Participants)

$6,789

CARTON SERVICE, INC. 401(K) AND PROFIT SHARING PLA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CARTON SERVICE, INC. 401(K) AND PROFIT SHARING PLA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion