Retirement plan

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

Name: PENN-UNION CORP. - 401(K) PLAN FOR SALARIED AND CLERICAL EMPLOYEES OF PENN-UNION CORP. (2020) Form 5500
Creator: PENN-UNION CORP.
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.

PENN-UNION CORP.EIN 34-1766735Plan #001PY 2020

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

Other plans on this EIN

1 filing

#002Retirement-$3.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.9M

+10.0% from 2019

Total participants

-4.3% from 2019

Average account balance

$112,205

+15.0% from 2019

Annual return

14.60%

-5.49 pp from 2019

Benchmarks

See 14,883 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,883 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.03M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

113.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$512K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8797

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

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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 codes2E2F2G2J2T3D

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.
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

$613K

$18024 / participant

Other / not subdivided$613K100.0%

% of EOY assets

12.413%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,205

$78,422+43.1%

$95,952+16.9%

$79,858+40.5%

Participation rate

97.1%

73.5%+23.6pp

77.1%+20.0pp

69.6%+27.4pp

Annual return

14.60%

19.37%-4.8pp

91.61%-77.0pp

31.71%-17.1pp

Employer contribution / active EE

$4,690

$1,945+141.1%

$2,541+84.6%

$2,471+89.8%

Participant deferral / active EE

$6,858

$3,440+99.4%

$4,167+64.6%

$3,740+83.4%

Admin fee / account holder

$13,928

$5,622+147.7%

$6,795+105.0%

$5,306+162.5%

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