Retirement plan

PEORIA PRODUCTION SHOP RETIREMENT PLAN

Name: PEORIA PRODUCTION SHOP - PEORIA PRODUCTION SHOP RETIREMENT PLAN (2024) Form 5500
Creator: PEORIA PRODUCTION SHOP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PEORIA PRODUCTION SHOP RETIREMENT PLAN, PEORIA PRODUCTION SHOP

PEORIA PRODUCTION SHOPEIN 37-0716125Plan #002PY 2024

2029 W TOWNLINE RD. - PEORIA, IL 61615309-693-2000LinkedIn11-50 employeespackaging and containers

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$6.1M

+7.3% from 2023

Total participants

273

-8.1% from 2023

Average account balance

$28,681

+4.7% from 2023

Annual return

12.46%

-6.59 pp from 2023

Benchmarks

See 2,051 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,051 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.05M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

211

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.

73.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$628K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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
MUTUAL OF AMERICA SEC. CORP LLC2 years Service code 15 320 PARK AVENUE · NEW YORK, NY 10022	Recordkeeping	$28,134
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ASSOCIATES INC. Service code 31 1299 OCEAN AVENUE · SANTA MONICA, CA 90401	Named fiduciary	$1,197

Plan features & details

Pension benefit codes2G2F3D2J2E2T

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.

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$39K

$166 / participant

Recordkeeping$28K71.8%
Investment mgmt$1K3.1%
Other / not subdivided$10K25.2%

% of EOY assets

0.648%

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: SMITH & HOWARD, P.C.
Auditor EIN: 581259486
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,681

$60,504-52.6%

$81,882-65.0%

$74,478-61.5%

Participation rate

73.7%

62.9%+10.8pp

72.4%+1.3pp

67.2%+6.5pp

Annual return

12.46%

16.91%-4.5pp

779.47%-767.0pp

1370.56%-1358.1pp

Employer contribution / active EE

$2,011

$2,627-23.4%

$2,916-31.0%

$2,626-23.4%

Participant deferral / active EE

$648

$3,400-80.9%

$4,323-85.0%

$4,350-85.1%

Admin fee / account holder

$186

$1,492-87.5%

$7,360-97.5%

$1,946-90.5%

Provider

Service type

Compensation

MUTUAL OF AMERICA SEC. CORP LLC2 years

Service code 15

320 PARK AVENUE · NEW YORK, NY 10022

Recordkeeping

$28,134

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ASSOCIATES INC.

Service code 31

1299 OCEAN AVENUE · SANTA MONICA, CA 90401

Named fiduciary

$1,197

PEORIA PRODUCTION SHOP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PEORIA PRODUCTION SHOP RETIREMENT 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