Retirement plan

BUCKEYE RUBBER AND PACKING CO. 401(K) PLAN

Name: BUCKEYE RUBBER AND PACKING CO. - BUCKEYE RUBBER AND PACKING CO. 401(K) PLAN (2023) Form 5500
Creator: BUCKEYE RUBBER AND PACKING CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUCKEYE RUBBER AND PACKING CO. 401(K) PLAN, BUCKEYE RUBBER AND PACKING CO.

BUCKEYE RUBBER AND PACKING CO.EIN 34-1366845Plan #003PY 2023

23940 MERCANTILE ROAD - BEACHWOOD, OH 441225910216-454-1918LinkedIn11-50 employeesconsumer goods

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.7M

+1.8% from 2022

Total participants

-2.7% from 2022

Average account balance

$162,121

+7.6% from 2022

Annual return

8.21%

+8.21 pp from 2022

Benchmarks

See 9,210 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,210 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.10M

Not enough data

1 years with asset history on file

Average account balance

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

$173K

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.

124.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$527K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+11.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14331

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 codes2E2G2J2T3D

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.
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

$869K

$25547 / participant

Other / not subdivided$869K100.0%

% of EOY assets

15.308%

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

$162,121

$91,536+77.1%

$130,062+24.6%

$75,177+115.7%

Participation rate

97.1%

71.5%+25.6pp

78.5%+18.6pp

67.2%+29.9pp

Annual return

8.21%

-631.62%+639.8pp

-137.37%+145.6pp

160.75%-152.5pp

Employer contribution / active EE

$9,904

$2,845+248.1%

$4,322+129.2%

$2,671+270.8%

Participant deferral / active EE

$3,808

$4,343-12.3%

$5,821-34.6%

$4,126-7.7%

Admin fee / account holder

$24,817

$6,780+266.1%

$10,601+134.1%

$5,651+339.1%

BUCKEYE RUBBER AND PACKING CO. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUCKEYE RUBBER AND PACKING CO. 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