Retirement plan

PACKAGING SYSTEMS OF INDIANA 401(K) PLAN

Name: PACKAGING SYSTEMS OF INDIANA, INC. - PACKAGING SYSTEMS OF INDIANA 401(K) PLAN (2023) Form 5500
Creator: PACKAGING SYSTEMS OF INDIANA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACKAGING SYSTEMS OF INDIANA 401(K) PLAN, PACKAGING SYSTEMS OF INDIANA, INC.

PACKAGING SYSTEMS OF INDIANA, INC.EIN 35-1769442Plan #001PY 2023

3912 ALEX CT - LAFAYETTE, IN 479057746765-479-2412LinkedIn1-10 employeespackaging and containers

Other plans on this EIN

1 filing

#002Retirement-$5.2M assets

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$3.5M

+16.2% from 2022

Total participants

0.0% from 2022

Average account balance

$220,375

+16.2% from 2022

Annual return

13.09%

+23.29 pp from 2022

Benchmarks

See 9,213 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,213 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.01M

Not enough data

1 years with asset history on file

Average account balance

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

$251K

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.

55.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$101K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1671

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 codes2E2F2G2J3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

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

$220,375

$91,525+140.8%

$130,026+69.5%

$75,181+193.1%

Participation rate

50.0%

71.4%-21.4pp

78.5%-28.5pp

67.2%-17.2pp

Annual return

13.09%

-631.40%+644.5pp

-137.26%+150.4pp

160.69%-147.6pp

Employer contribution / active EE

$2,844-100.0%

$4,321-100.0%

$2,671-100.0%

Participant deferral / active EE

$3,422

$4,342-21.2%

$5,821-41.2%

$4,126-17.1%

Admin fee / account holder

$6,778-100.0%

$10,608-100.0%

$5,650-100.0%

PACKAGING SYSTEMS OF INDIANA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PACKAGING SYSTEMS OF INDIANA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion