Retirement plan

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

Name: WELCH PACKAGING GROUP, INC. - WELCH PACKAGING GROUP, INC. 401(K) PROFIT SHARING PLAN (2016) 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, WELCH PACKAGING GROUP, INC.

WELCH PACKAGING GROUP, INC.EIN 35-2022237Plan #001PY 2016

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

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$17.5M

+17.8% from 2015

Total participants

786

+3.1% from 2015

Average account balance

$26,759

+11.5% from 2015

Annual return

12.10%

+13.49 pp from 2015

Benchmarks

See 1,139 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,139 peers

Snapshot2016

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LAKE CITY BANK1 year Service code 21 · EIN 35-0458180	Bank Trustee	$38,486
ASCENSUS LLC1 year Filed as: ASCENSUS CONSULTING Service code 15 · EIN 11-3665754	Recordkeeping	$36,896

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

2 tripped

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

$82K

$113 / participant

Investment mgmt$70K85.4%
Other / not subdivided$12K14.6%

% of EOY assets

0.468%

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

$26,759

$74,024-63.9%

$78,002-65.7%

$57,658-53.6%

Participation rate

82.0%

79.7%+2.2pp

75.5%+6.5pp

70.2%+11.8pp

Annual return

12.10%

12.14%0pp

425.99%-413.9pp

5.13%+7.0pp

Employer contribution / active EE

$810

$2,365-65.7%

$2,470-67.2%

$1,974-58.9%

Participant deferral / active EE

$2,097

$3,533-40.7%

$3,497-40.0%

$3,061-31.5%

Admin fee / account holder

$125

$93+34.3%

$5,481-97.7%

$95+32.4%

Provider

Service type

Compensation

LAKE CITY BANK1 year

Service code 21 · EIN 35-0458180

Bank Trustee

$38,486

ASCENSUS LLC1 year

Filed as: ASCENSUS CONSULTING

Service code 15 · EIN 11-3665754

Recordkeeping

$36,896

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

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

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