Retirement plan

MOMENCE PACKING COMPANY, INC. UNION 401(K)/PENSION PLAN

Name: MOMENCE PACKING COMPANY, INC. - MOMENCE PACKING COMPANY, INC. UNION 401(K)/PENSION PLAN (2018) Form 5500
Creator: MOMENCE PACKING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOMENCE PACKING COMPANY, INC. UNION 401(K)/PENSION PLAN, MOMENCE PACKING COMPANY, INC.

MOMENCE PACKING COMPANY, INC.EIN 36-3163573Plan #003PY 2018

334 W NORTH ST - MOMENCE, IL 609541157815-472-6485LinkedIn11-50 employeesindustrial automation

Other plans on this EIN

1 filing

#002Retirement-$2.1M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.8M

+8.2% from 2017

Total participants

328

+14.7% from 2017

Average account balance

$6,250

+3.7% from 2017

Annual return

-1.73%

-6.10 pp from 2017

Benchmarks

See 705 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort705 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.42M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

298

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.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$449K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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 COMPANY4+ years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$2,198
JOHN HANCOCK LIFE INSURANCE COMPANY4+ years Service code 15 · EIN 01-0233346	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2J2H3D2F2T

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$5K

$20 / participant

Contract admin$2K41.7%
Other / not subdivided$3K58.3%

% of EOY assets

0.288%

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: GROSKREUTZ,ABRAHAM,ESHLEMAN,GERRETS
Auditor EIN: 362664260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,250

$48,261-87.1%

$68,612-90.9%

$55,725-88.8%

Participation rate

86.6%

71.0%+15.6pp

72.2%+14.4pp

70.9%+15.8pp

Annual return

-1.73%

-2.61%+0.9pp

-4.63%+2.9pp

244.93%-246.7pp

Employer contribution / active EE

$593

$1,742-66.0%

$2,625-77.4%

$2,078-71.5%

Participant deferral / active EE

$703

$2,712-74.1%

$3,311-78.8%

$3,356-79.1%

Admin fee / account holder

$18

$126-85.7%

$5,131-99.6%

$115-84.4%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4+ years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$2,198

JOHN HANCOCK LIFE INSURANCE COMPANY4+ years

Service code 15 · EIN 01-0233346

Recordkeeping

MOMENCE PACKING COMPANY, INC. UNION 401(K)/PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOMENCE PACKING COMPANY, INC. UNION 401(K)/PENSION 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