Retirement plan

AJM PACKAGING CORPORATION 401(K) PLAN

Name: AJM PACKAGING CORPORATION - AJM PACKAGING CORPORATION 401(K) PLAN (2022) Form 5500
Creator: AJM PACKAGING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AJM PACKAGING CORPORATION 401(K) PLAN, AJM PACKAGING CORPORATION

AJM PACKAGING CORPORATIONEIN 38-1556263Plan #001PY 2022

EAST 4111 ANDOVER ROAD - BLOOMFIELD HILLS, MI 483021921248-901-0040

Other plans on this EIN

1 filing

#002Retirement-$643K assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$32.3M

-16.3% from 2021

Total participants

765

+2.4% from 2021

Average account balance

$42,277

-18.2% from 2021

Annual return

-18.85%

-26.21 pp from 2021

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.62M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

710

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.

14.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146

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 5 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL RETIREMENT INSURANCE & A Service code 13 · EIN 06-1050034	Contract Administrator	$93,068
FIDUCIARY INVESTMENT ADVISORS5 years Filed as: FIDUCIARY PLAN ADVISORS Service code 26 · EIN 36-4500709	Advisory (Participants)	$52,933
PRUDENTIAL RETIREMENT INSURANCE AND7 years Filed as: PRUDENTIAL INSURANCE COMPANY OF AME Service code 13 · EIN 22-1211670	Contract Administrator	$41,398
CREATIVE PLANNING LLC1 year Service code 26 · EIN 43-1270780	Advisory (Participants)	$7,500
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Filed as: THE PRUDENTIAL INS. CO OF AMERICA Service code 10 · EIN 22-1211670	Accounting	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$143K

$235 / participant

Contract admin$143K100.0%

% of EOY assets

0.443%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOEREN MAYHEW
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,277

$81,948-48.4%

$90,760-53.4%

$64,819-34.8%

Participation rate

100.0%

80.5%+19.5pp

75.7%+24.3pp

71.5%+28.5pp

Annual return

-18.85%

-12.53%-6.3pp

-12.16%-6.7pp

32.84%-51.7pp

Employer contribution / active EE

$2,328

$3,067-24.1%

$2,922-20.3%

$2,507-7.1%

Participant deferral / active EE

$4,105

$4,844-15.2%

$4,565-10.1%

$4,311-4.8%

Admin fee / account holder

$187

$157+19.1%

$8,444-97.8%

$188-0.4%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL RETIREMENT INSURANCE & A

Service code 13 · EIN 06-1050034

Contract Administrator

$93,068

FIDUCIARY INVESTMENT ADVISORS5 years

Filed as: FIDUCIARY PLAN ADVISORS

Service code 26 · EIN 36-4500709

Advisory (Participants)

$52,933

PRUDENTIAL RETIREMENT INSURANCE AND7 years

Filed as: PRUDENTIAL INSURANCE COMPANY OF AME

Service code 13 · EIN 22-1211670

Contract Administrator

$41,398

CREATIVE PLANNING LLC1 year

Service code 26 · EIN 43-1270780

Advisory (Participants)

$7,500

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Filed as: THE PRUDENTIAL INS. CO OF AMERICA

Service code 10 · EIN 22-1211670

Accounting

AJM PACKAGING CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AJM PACKAGING CORPORATION 401(K) 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