Retirement plan

COLBERT PACKAGING CORPORATION 401(K) AND PROFIT SHARING PLAN

Name: COLBERT PACKAGING CORPORATION - COLBERT PACKAGING CORPORATION 401(K) AND PROFIT SHARING PLAN (2023) Form 5500
Creator: COLBERT PACKAGING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLBERT PACKAGING CORPORATION 401(K) AND PROFIT SHARING PLAN, COLBERT PACKAGING CORPORATION

COLBERT PACKAGING CORPORATIONEIN 36-2410600Plan #002PY 2023

9949 58TH PLACE - KENOSHA, WI 53144262-925-4740colbertpkg.comLinkedIn201-500 employeespackaging and containers

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$21.3M

+10.5% from 2022

Total participants

403

-2.2% from 2022

Average account balance

$56,605

+10.5% from 2022

Annual return

20.20%

+37.80 pp from 2022

Benchmarks

See 1,153 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,153 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.04M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

360

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$45

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 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.8 years Service code 13 · EIN 27-2037969	Contract Administrator	$38,844

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$39K

$146 / participant

Recordkeeping$38K98.1%
Contract admin$7401.9%

% of EOY assets

0.182%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER, COOPER & COMPANY, LTD.
Auditor EIN: 362897372
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,605

$84,784-33.2%

$98,462-42.5%

$74,473-24.0%

Participation rate

90.2%

81.5%+8.7pp

75.2%+15.1pp

70.7%+19.5pp

Annual return

20.20%

20.59%-0.4pp

21.17%-1.0pp

34.36%-14.2pp

Employer contribution / active EE

$3,364-100.0%

$3,049-100.0%

$2,638-100.0%

Participant deferral / active EE

$3,208

$5,218-38.5%

$4,738-32.3%

$4,530-29.2%

Admin fee / account holder

$103

$204-49.6%

$8,875-98.8%

$347-70.3%

Provider

Service type

Compensation

NEWPORT GROUP, INC.8 years

Service code 13 · EIN 27-2037969

Contract Administrator

$38,844

COLBERT PACKAGING CORPORATION 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLBERT PACKAGING CORPORATION 401(K) AND 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