Retirement plan

WOLVERINE MAILING, PACKAGING AND WAREHOUSE, INC. 401(K) PLAN

Name: WOLVERINE MAILING, PACKAGING AND WAREHOUSE, INC. - WOLVERINE MAILING, PACKAGING AND WAREHOUSE, INC. 401(K) PLAN (2019) Form 5500
Creator: WOLVERINE MAILING, PACKAGING AND WAREHOUSE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WOLVERINE MAILING, PACKAGING AND WAREHOUSE, INC. 401(K) PLAN, WOLVERINE MAILING, PACKAGING AND WAREHOUSE, INC.

WOLVERINE MAILING, PACKAGING AND WAREHOUSE, INC.EIN 38-2233061Plan #002PY 2019

1601 CLAY AVENUE - DETROIT, MI 48211313-873-6800

Prospect flagsHigh feesLow participationLow employer contributionLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$3.3M

+29.3% from 2018

Total participants

150

-1.3% from 2018

Average account balance

$41,643

+21.2% from 2018

Annual return

37.31%

+43.73 pp from 2018

Benchmarks

See 1,045 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,045 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.20M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

50.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$214K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2861

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

Top 3 by compensation

Provider	Service type	Compensation
GREAT LAKES ADVISORS, LLC3 years Filed as: GREAT LAKES PENSION ASSOCIATES, INC Service code 12 · EIN 38-2438760	Claims processing; Participant loan p...	$4,490
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ASSOCIATES INC (USA) Service code 26 · EIN 95-2755361	Advisory (Participants)	$600
JOHN HANCOCK LIFE INSURANCE COMPANY5+ years Service code 15 · EIN 01-0233346	Recordkeeping	$480

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$32K

$244 / participant

Investment mgmt$6001.9%
Other / not subdivided$31K98.1%

% of EOY assets

0.952%

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: MRPR GROUP, PC
Auditor EIN: 382141969
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,643

$38,365+8.5%

$84,628-50.8%

$65,185-36.1%

Participation rate

46.2%

55.7%-9.5pp

68.2%-22.1pp

70.2%-24.0pp

Annual return

37.31%

32.00%+5.3pp

258.80%-221.5pp

29.38%+7.9pp

Employer contribution / active EE

$196

$1,258-84.4%

$2,653-92.6%

$2,177-91.0%

Participant deferral / active EE

$1,791

$2,278-21.4%

$3,900-54.1%

$3,514-49.0%

Admin fee / account holder

$397

$451-12.1%

$4,914-91.9%

$847-53.2%

Provider

Service type

Compensation

GREAT LAKES ADVISORS, LLC3 years

Filed as: GREAT LAKES PENSION ASSOCIATES, INC

Service code 12 · EIN 38-2438760

Claims processing; Participant loan p...

$4,490

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ASSOCIATES INC (USA)

Service code 26 · EIN 95-2755361

Advisory (Participants)

$600

JOHN HANCOCK LIFE INSURANCE COMPANY5+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$480

WOLVERINE MAILING, PACKAGING AND WAREHOUSE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WOLVERINE MAILING, PACKAGING AND WAREHOUSE, INC. 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