Retirement plan

401(K) PLAN FOR PRODUCTION AND MAINTENANCE EMPLOYEES OF PENN-UNION CORP.

Name: PENN-UNION CO, LLC. - 401(K) PLAN FOR PRODUCTION AND MAINTENANCE EMPLOYEES OF PENN-UNION CORP. (2021) Form 5500
Creator: PENN-UNION CO, LLC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PLAN FOR PRODUCTION AND MAINTENANCE EMPLOYEES OF PENN-UNION CORP., PENN-UNION CO, LLC.

PENN-UNION CO, LLC.EIN 34-1766735Plan #002PY 2021

229 WATERFORD STREET - EDINBORO, PA 16412814-734-1631penn-union.comLinkedIn51-200 employeescomputer software

Other plans on this EIN

1 filing

#001Retirement-$5.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.9M

+7.7% from 2020

Total participants

-1.7% from 2020

Average account balance

$71,742

+15.7% from 2020

Annual return

14.76%

-2.00 pp from 2020

Benchmarks

See 14,566 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,566 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.47M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

138.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$196K

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

+12.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9977

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 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

$428K

$9724 / participant

Other / not subdivided$428K100.0%

% of EOY assets

11.044%

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

$71,742

$86,288-16.9%

$111,306-35.5%

$85,851-16.4%

Participation rate

93.2%

73.3%+19.8pp

77.3%+15.9pp

69.3%+23.9pp

Annual return

14.76%

19.99%-5.2pp

54.67%-39.9pp

318.63%-303.9pp

Employer contribution / active EE

$1,849

$2,044-9.5%

$2,732-32.3%

$2,565-27.9%

Participant deferral / active EE

$1,792

$3,641-50.8%

$4,488-60.1%

$3,952-54.6%

Admin fee / account holder

$7,923

$8,189-3.2%

$7,966-0.5%

$6,261+26.5%

401(K) PLAN FOR PRODUCTION AND MAINTENANCE EMPLOYEES OF PENN-UNION CORP.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PLAN FOR PRODUCTION AND MAINTENANCE 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