Retirement plan

GLOBUS PRINTING & PACKAGING, INC. PROFIT SHARING 401(K) PLAN

Name: GLOBUS PRINTING & PACKAGING, INC. - GLOBUS PRINTING & PACKAGING, INC. PROFIT SHARING 401(K) PLAN (2021) Form 5500
Creator: GLOBUS PRINTING & PACKAGING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GLOBUS PRINTING & PACKAGING, INC. PROFIT SHARING 401(K) PLAN, GLOBUS PRINTING & PACKAGING, INC.

GLOBUS PRINTING & PACKAGING, INC.EIN 34-0977035Plan #001PY 2021

P.O. BOX 114 - MINSTER, OH 45865419-628-2381globusprinting.comLinkedIn51-200 employeesprinting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.6M

-4.1% from 2020

Total participants

101

-5.6% from 2020

Average account balance

$113,645

-1.0% from 2020

Annual return

15.38%

+0.86 pp from 2020

Benchmarks

See 5,668 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,668 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.60M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$394K

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

+15.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17034

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
NATIONWIDE7+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$29,061
CETERA ADVISOR NETWORKS LLC3 years Filed as: CETERA INVESTMENT ADVISERS LLC Service code 26 ATTN RETIREMENT PLAN SOLUTIONS · EL SEGUNDO, IN 90245	Advisory (Participants)	$26,173
LATITUDE SERVICE COMPANY INC3 years Filed as: LATITUDE SERVICE COMPANY, INC. Service code 49 1500 NORTH OAK DRIVE · PLYMOUTH, CA 465633431	Other Services	$16,252

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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

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

$79K

$912 / participant

Investment mgmt$34K42.9%
Contract admin$29K36.6%
Other / not subdivided$16K20.5%

% of EOY assets

0.751%

all-in expense ratio

Categories reported

2 / 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: MCDRATE,DELAET & COMPANY
Auditor EIN: 341205613
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,645

$87,733+29.5%

$106,555+6.7%

$85,847+32.4%

Participation rate

90.8%

71.9%+18.9pp

76.1%+14.7pp

69.3%+21.5pp

Annual return

15.38%

21.86%-6.5pp

26.80%-11.4pp

318.61%-303.2pp

Employer contribution / active EE

$1,276

$2,073-38.4%

$2,819-54.7%

$2,565-50.3%

Participant deferral / active EE

$3,800

$3,469+9.5%

$4,399-13.6%

$3,952-3.8%

Admin fee / account holder

$853

$6,767-87.4%

$7,408-88.5%

$6,261-86.4%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$29,061

CETERA ADVISOR NETWORKS LLC3 years

Filed as: CETERA INVESTMENT ADVISERS LLC

Service code 26

ATTN RETIREMENT PLAN SOLUTIONS · EL SEGUNDO, IN 90245

Advisory (Participants)

$26,173

LATITUDE SERVICE COMPANY INC3 years

Filed as: LATITUDE SERVICE COMPANY, INC.

Service code 49

1500 NORTH OAK DRIVE · PLYMOUTH, CA 465633431

Other Services

$16,252

GLOBUS PRINTING & PACKAGING, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GLOBUS PRINTING & PACKAGING, INC. PROFIT SHARING 401(K) 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