Retirement plan

PVS CHEMICALS, INC. 401(K) PROFIT SHARING PLAN

Name: PVS CHEMICALS , INC. - PVS CHEMICALS, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: PVS CHEMICALS , INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PVS CHEMICALS, INC. 401(K) PROFIT SHARING PLAN, PVS CHEMICALS , INC.

PVS CHEMICALS , INC.EIN 38-1226669Plan #012PY 2021

10900 HARPER AVENUE - DETROIT, MI 482133364313-921-1200pvs-ff.comLinkedIn1-10 employeesbiotechnology

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed February 25, 2022

Plan administrator

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10900 Harper Avenue

Detroit, MI 48213

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Plans declared (1)

Leadership-Incentive Compensation Plan34 emp

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Total assets (EOY)

$113M

+15.5% from 2020

Total participants

937

+5.3% from 2020

Average account balance

$124,766

+10.0% from 2020

Annual return

15.69%

-1.42 pp from 2020

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$158.00M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

1,303

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.

82.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+36.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
GREGORY J SCHWARTZ & COMPANY INC1 year Filed as: SCHWARTZ & CO Service code 27 · EIN 38-2117812	Advisory (Plan)	$22,641
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 37 · EIN 04-2647786	Loan Processing	$9,662

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$54K

$72 / participant

Other / not subdivided$54K100.0%

% of EOY assets

0.047%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,766

$93,131+34.0%

$106,554+17.1%

$86,821+43.7%

Participation rate

95.8%

81.4%+14.4pp

76.1%+19.7pp

72.3%+23.5pp

Annual return

15.69%

19.45%-3.8pp

26.80%-11.1pp

97.94%-82.2pp

Employer contribution / active EE

$4,002

$2,895+38.2%

$2,819+41.9%

$2,406+66.3%

Participant deferral / active EE

$6,611

$4,708+40.4%

$4,398+50.3%

$4,132+60.0%

Admin fee / account holder

$59

$145-59.2%

$7,408-99.2%

$170-65.1%

Provider

Service type

Compensation

GREGORY J SCHWARTZ & COMPANY INC1 year

Filed as: SCHWARTZ & CO

Service code 27 · EIN 38-2117812

Advisory (Plan)

$22,641

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 37 · EIN 04-2647786

Loan Processing

$9,662

PVS CHEMICALS, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PVS CHEMICALS, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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