Retirement plan

BUCKEYE RUBBER AND PACKING CO. 401(K) PLAN

Name: BUCKEYE RUBBER AND PACKING CO. - BUCKEYE RUBBER AND PACKING CO. 401(K) PLAN (2024) 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 2024

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.4M

+12.8% from 2023

Total participants

+5.6% from 2023

Average account balance

$168,436

+3.9% from 2023

Annual return

11.52%

+3.31 pp from 2023

Benchmarks

See 8,995 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,995 peers

Snapshot2024

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

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

$507K

$15851 / participant

Other / not subdivided$507K100.0%

% of EOY assets

7.925%

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

$168,436

$101,798+65.5%

$165,071+2.0%

$80,935+108.1%

Participation rate

100.0%

71.8%+28.2pp

78.6%+21.4pp

67.7%+32.3pp

Annual return

11.52%

16.73%-5.2pp

70.17%-58.7pp

35.66%-24.1pp

Employer contribution / active EE

$11,594

$2,954+292.4%

$4,347+166.7%

$2,757+320.6%

Participant deferral / active EE

$5,081

$4,476+13.5%

$6,035-15.8%

$4,299+18.2%

Admin fee / account holder

$13,348

$8,221+62.4%

$12,695+5.1%

$6,924+92.8%

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