Retirement plan

401(K) PLAN FOR SALARIED AND CLERICAL EMPLOYEES OF PENN-UNION CORP.

Name: PENN-UNION CORP. C/O ROBERT AMENDOLA - 401(K) PLAN FOR SALARIED AND CLERICAL EMPLOYEES OF PENN-UNION CORP. (2018) Form 5500
Creator: PENN-UNION CORP. C/O ROBERT AMENDOLA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PLAN FOR SALARIED AND CLERICAL EMPLOYEES OF PENN-UNION CORP., PENN-UNION CORP. C/O ROBERT AMENDOLA

PENN-UNION CORP. C/O ROBERT AMENDOLAEIN 34-1766735Plan #001PY 2018

229 WATERFORD STREET - EDINBORO, PA 16412814-734-8302penn-union.comLinkedIn51-200 employeescomputer software

Other plans on this EIN

1 filing

#002Retirement-$2.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4M

-7.5% from 2017

Total participants

+7.0% from 2017

Average account balance

$86,938

-15.5% from 2017

Annual return

-5.21%

-22.27 pp from 2017

Benchmarks

See 14,948 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,948 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.16M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

110.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$525K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9093

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 codes2G2J3D2T2F

Plan features

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.
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

$518K

$14005 / participant

Other / not subdivided$518K100.0%

% of EOY assets

12.957%

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

$86,938

$62,583+38.9%

$76,767+13.3%

$64,173+35.5%

Participation rate

100.0%

72.8%+27.2pp

77.0%+23.0pp

69.6%+30.4pp

Annual return

-5.21%

-1.95%-3.3pp

2.43%-7.6pp

7.63%-12.8pp

Employer contribution / active EE

$4,723

$1,832+157.8%

$2,485+90.0%

$2,381+98.4%

Participant deferral / active EE

$6,174

$3,145+96.3%

$3,852+60.3%

$3,470+77.9%

Admin fee / account holder

$11,265

$4,667+141.4%

$6,675+68.8%

$4,887+130.5%

401(K) PLAN FOR SALARIED AND CLERICAL EMPLOYEES OF PENN-UNION CORP.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PLAN FOR SALARIED AND CLERICAL EMPLOYEES OF PENN-UNION CORP.

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