Retirement plan

PROFIT SHARING 401K PLAN FOR EMPLOYEES OF CONTINENTAL WEB PRESS, INC.

Name: CONTINENTAL WEB PRESS, INC. - PROFIT SHARING 401K PLAN FOR EMPLOYEES OF CONTINENTAL WEB PRESS, INC. (2020) Form 5500
Creator: CONTINENTAL WEB PRESS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFIT SHARING 401K PLAN FOR EMPLOYEES OF CONTINENTAL WEB PRESS, INC., CONTINENTAL WEB PRESS, INC.

CONTINENTAL WEB PRESS, INC.EIN 36-2756889Plan #001PY 2020

1430 INDUSTRIAL DRIVE - ITASCA, IL 601431848630-773-1903continentalweb.comLinkedIn201-500 employeesprinting

Prospect flagsLow returnsHigh feesHigh cashLow participation

How to read this page

Total assets (EOY)

$12.8M

+9.2% from 2019

Total participants

158

-5.4% from 2019

Average account balance

$123,331

+12.4% from 2019

Annual return

9.85%

-9.63 pp from 2019

Benchmarks

See 1,894 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,894 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.07M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

55.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$362K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12872

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.3 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$30,446
CERITY PARTNERS2 years Filed as: CERITY PARTNERS LLC Service code 28 · EIN 27-1180831	Investment Management	$27,368
ERIC J. FERNANDEZ & CO.1 year Filed as: ERIC J. FERNANDEZ & CO Service code 10 · EIN 36-3141842	Accounting	$13,870
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO.,INC. Service code 33 · EIN 94-1737782	Float revenue; Direct payment from th...	$2
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO INC AND AFFILIA Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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.

Expense breakdown

Schedule H Part II

Admin total

$72K

$581 / participant

Investment mgmt$28K38.5%
Other / not subdivided$44K61.5%

% of EOY assets

0.562%

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: ERIC J. FERNANDEZ & CO.
Auditor EIN: 363141842
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,331

$70,917+73.9%

$98,916+24.7%

$73,493+67.8%

Participation rate

56.5%

73.8%-17.4pp

76.0%-19.6pp

70.7%-14.2pp

Annual return

9.85%

34.18%-24.3pp

196.45%-186.6pp

28.51%-18.7pp

Employer contribution / active EE

$2,037-100.0%

$2,689-100.0%

$2,270-100.0%

Participant deferral / active EE

$2,513

$3,501-28.2%

$4,245-40.8%

$3,740-32.8%

Admin fee / account holder

$693

$535+29.6%

$6,642-89.6%

$513+35.1%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.3 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$30,446

CERITY PARTNERS2 years

Filed as: CERITY PARTNERS LLC

Service code 28 · EIN 27-1180831

Investment Management

$27,368

ERIC J. FERNANDEZ & CO.1 year

Filed as: ERIC J. FERNANDEZ & CO

Service code 10 · EIN 36-3141842

Accounting

$13,870

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO.,INC.

Service code 33 · EIN 94-1737782

Float revenue; Direct payment from th...

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO INC AND AFFILIA

Service code 59

Shareholder Servicing

PROFIT SHARING 401K PLAN FOR EMPLOYEES OF CONTINENTAL WEB PRESS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFIT SHARING 401K PLAN FOR EMPLOYEES OF CONTINENTAL WEB PRESS, INC.

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