Retirement plan

SHAMROCK PLASTICS INC. PROFIT SHARING PLAN

Name: SHAMROCK PLASTICS INC. - SHAMROCK PLASTICS INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: SHAMROCK PLASTICS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHAMROCK PLASTICS INC. PROFIT SHARING PLAN, SHAMROCK PLASTICS INC.

SHAMROCK PLASTICS INC.EIN 37-0910151Plan #001PY 2022

2615 W. ALTA LANE, PO BOX 3530 - PEORIA, IL 616123530309-243-7723

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

-21.3% from 2021

Total participants

+5.6% from 2021

Average account balance

$75,869

-25.4% from 2021

Annual return

-15.03%

-26.07 pp from 2021

Benchmarks

See 8,666 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,666 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.88M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$64K

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

+13.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16243

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$179K

$9401 / participant

Other / not subdivided$179K100.0%

% of EOY assets

12.391%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,869

$105,861-28.3%

$90,756-16.4%

$134,509-43.6%

Participation rate

100.0%

78.2%+21.8pp

75.7%+24.3pp

81.2%+18.8pp

Annual return

-15.03%

-10.99%-4.0pp

-12.16%-2.9pp

418.13%-433.2pp

Employer contribution / active EE

$955

$3,463-72.4%

$2,922-67.3%

$4,741-79.8%

Participant deferral / active EE

$2,443

$5,217-53.2%

$4,565-46.5%

$6,400-61.8%

Admin fee / account holder

$9,401

$13,938-32.6%

$8,445+11.3%

$11,427-17.7%

SHAMROCK PLASTICS INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHAMROCK PLASTICS INC. 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