Retirement plan

ADAC PLASTICS, INC. RETIREMENT PLAN

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

ADAC PLASTICS, INC.EIN 38-2085222Plan #001PY 2024

5690 EAGLE DR SE - GRAND RAPIDS, MI 49546616-957-0311LinkedIn1-10 employeesinformation technology and services

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed October 25, 2017

Plan administrator

Plan administrator name— Sign in and upgrade to view

5920 Tahoe Drive, SE

Grand Rapids State: MI Zip Code: 49546

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

ADAC Automotive Deferred Compensation Plan8 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$63.7M

+6.8% from 2023

Total participants

973

+0.6% from 2023

Average account balance

$67,399

+6.3% from 2023

Annual return

12.85%

-4.19 pp from 2023

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$63.69M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

945

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$208

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$146,739
WELLS FARGO BANK, N.A.10+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542719	Advisory (Plan)	$49,980
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$197K

$254 / participant

Investment mgmt$50K25.4%
Contract admin$147K74.6%

% of EOY assets

0.309%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,399

$92,076-26.8%

$105,607-36.2%

$77,736-13.3%

Participation rate

96.4%

81.0%+15.4pp

75.3%+21.1pp

70.6%+25.8pp

Annual return

12.85%

17.84%-5.0pp

116.11%-103.3pp

31.26%-18.4pp

Employer contribution / active EE

$1,426

$3,370-57.7%

$3,167-55.0%

$2,728-47.7%

Participant deferral / active EE

$5,705

$5,390+5.8%

$5,011+13.8%

$4,651+22.7%

Admin fee / account holder

$208

$219-4.9%

$10,958-98.1%

$433-52.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$146,739

WELLS FARGO BANK, N.A.10+ years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 34-1542719

Advisory (Plan)

$49,980

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

ADAC PLASTICS, INC. RETIREMENT 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

ADAC PLASTICS, INC. RETIREMENT 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