Retirement plan

WELCH PACKAGING GROUP, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: WELCH PACKAGING GROUP, INC. - WELCH PACKAGING GROUP, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2015) Form 5500
Creator: WELCH PACKAGING GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WELCH PACKAGING GROUP, INC. 401(K) PROFIT SHARING PLAN AND TRUST, WELCH PACKAGING GROUP, INC.

WELCH PACKAGING GROUP, INC.EIN 35-2022237Plan #001PY 2015

1020 HERMAN STREET - ELKHART, IN 46516574-295-2460welchpkg.comLinkedIn1001-5000 employeespackaging and containers

Prospect flagsLow returnsHigh cashLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$14.9M

No prior year

Total participants

762

No prior year

Average account balance

$24,004

No prior year

Annual return

-1.40%

No prior year

Benchmarks

See 1,069 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,069 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$54.88M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

1,523

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.

81.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+20.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$158

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 01-0233346	Contract Administrator	$58,796
CROWE LLP1+ years Filed as: CROWE HORWATH LLP Service code 15 · EIN 35-0921680	Recordkeeping	$4,625

Plan features & details

Pension benefit codes3D2E2G2J2K2F3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$63K

$96 / participant

Contract admin$59K92.7%
Other / not subdivided$5K7.3%

% of EOY assets

0.426%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,004

$62,324-61.5%

$68,509-65.0%

$55,191-56.5%

Participation rate

78.6%

78.9%-0.3pp

74.7%+3.9pp

69.2%+9.4pp

Annual return

-1.40%

4.26%-5.7pp

8.27%-9.7pp

10.78%-12.2pp

Employer contribution / active EE

$850

$2,223-61.8%

$2,278-62.7%

$1,899-55.3%

Participant deferral / active EE

$2,101

$3,425-38.7%

$3,382-37.9%

$3,046-31.0%

Admin fee / account holder

$102

$91+11.9%

$5,275-98.1%

$91+12.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 01-0233346

Contract Administrator

$58,796

CROWE LLP1+ years

Filed as: CROWE HORWATH LLP

Service code 15 · EIN 35-0921680

Recordkeeping

$4,625

WELCH PACKAGING GROUP, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WELCH PACKAGING GROUP, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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