Retirement plan

PETOSKEY PLASTICS, INC. GOLD MINE 401(K) RETIREMENT SAVINGS PLAN

Name: PETOSKEY PLASTICS, INC. - PETOSKEY PLASTICS, INC. GOLD MINE 401(K) RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: PETOSKEY PLASTICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PETOSKEY PLASTICS, INC. GOLD MINE 401(K) RETIREMENT SAVINGS PLAN, PETOSKEY PLASTICS, INC.

PETOSKEY PLASTICS, INC.EIN 38-1913723Plan #001PY 2016

1 PETOSKEY ST - PETOSKEY, MI 497702480231-347-2602petoskeyplastics.comLinkedIn201-500 employeesplastics

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$11.6M

+19.5% from 2015

Total participants

459

+17.7% from 2015

Average account balance

$25,884

+0.8% from 2015

Annual return

9.91%

+11.48 pp from 2015

Benchmarks

See 1,139 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,139 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.86M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

716

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$167

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$25,493
COMERICA BANK2+ years Filed as: COMERICA SECURITIES Service code 49 · EIN 38-2621207	Other Services	$10,311
ALLIANCE BENEFIT GROUP1 year Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460	Recordkeeping	$9,053
ABG PORTFOLIO STRATEGIES, INC.1 year Service code 16 · EIN 38-3462761	Consulting	$5,809
COMERICA BANK2+ years Filed as: COMERICA INSURANCE SERVICES INC Service code 49 · EIN 38-3063147	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED2+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

1 tripped

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

$42K

$109 / participant

Investment mgmt$42K100.0%

% of EOY assets

0.361%

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: COHEN AND COMPANY
Auditor EIN: 341912961
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,884

$74,024-65.0%

$78,002-66.8%

$57,658-55.1%

Participation rate

97.1%

79.7%+17.4pp

75.5%+21.6pp

70.2%+26.9pp

Annual return

9.91%

12.14%-2.2pp

425.99%-416.1pp

5.13%+4.8pp

Employer contribution / active EE

$1,380

$2,365-41.7%

$2,470-44.1%

$1,974-30.1%

Participant deferral / active EE

$2,221

$3,533-37.1%

$3,497-36.5%

$3,061-27.4%

Admin fee / account holder

$93

$93+0.1%

$5,481-98.3%

$95-1.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$25,493

COMERICA BANK2+ years

Filed as: COMERICA SECURITIES

Service code 49 · EIN 38-2621207

Other Services

$10,311

ALLIANCE BENEFIT GROUP1 year

Filed as: ALLIANCE BENEFIT GROUP OF MI, INC.

Service code 15 · EIN 38-2738460

Recordkeeping

$9,053

ABG PORTFOLIO STRATEGIES, INC.1 year

Service code 16 · EIN 38-3462761

Consulting

$5,809

COMERICA BANK2+ years

Filed as: COMERICA INSURANCE SERVICES INC

Service code 49 · EIN 38-3063147

Other Services

WILSHIRE ASSOCIATES INCORPORATED2+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

PETOSKEY PLASTICS, INC. GOLD MINE 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETOSKEY PLASTICS, INC. GOLD MINE 401(K) RETIREMENT SAVINGS 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