Retirement plan

COMWEB PACKAGING CORP EMPLOYEES 401(K) PLAN AND TRUST

Name: COMWEB PACKAGING CORPORATION - COMWEB PACKAGING CORP EMPLOYEES 401(K) PLAN AND TRUST (2021) Form 5500
Creator: COMWEB PACKAGING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMWEB PACKAGING CORP EMPLOYEES 401(K) PLAN AND TRUST, COMWEB PACKAGING CORPORATION

COMWEB PACKAGING CORPORATIONEIN 38-2444955Plan #003PY 2021

1220 N CENTER RD. - BURTON, MI 48509810-767-2806

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$11.3M

+4.0% from 2020

Total participants

163

-8.9% from 2020

Average account balance

$116,790

+16.8% from 2020

Annual return

7.88%

-11.35 pp from 2020

Benchmarks

See 1,879 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,879 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.08M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

103

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.

58.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$527K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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)

$9628

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS. Service code 27 1 N. JEFFERSON AVE · ST. LOUIS, MO 63103	Advisory (Plan)	$25,775
ASCENSUS LLC4 years Service code 15 · EIN 11-3665754	Recordkeeping	$15,110
PLANTE & MORAN, PLLC5 years Filed as: PLANTE AND MORAN PLLC Service code 10 · EIN 38-1357951	Accounting	$8,300

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T3F3H

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$49K

$317 / participant

Investment mgmt$26K52.4%
Contract admin$15K30.7%
Other / not subdivided$8K16.9%

% of EOY assets

0.434%

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: PLANTE & MORAN, PLLC
Auditor EIN: 320503264
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,790

$79,438+47.0%

$106,555+9.6%

$79,391+47.1%

Participation rate

57.4%

74.2%-16.7pp

76.1%-18.7pp

70.7%-13.3pp

Annual return

7.88%

18.27%-10.4pp

26.80%-18.9pp

116.88%-109.0pp

Employer contribution / active EE

$1,652

$2,235-26.1%

$2,819-41.4%

$2,428-32.0%

Participant deferral / active EE

$1,982

$3,824-48.2%

$4,399-55.0%

$4,046-51.0%

Admin fee / account holder

$507

$523-3.0%

$7,408-93.2%

$627-19.1%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS.

Service code 27

1 N. JEFFERSON AVE · ST. LOUIS, MO 63103

Advisory (Plan)

$25,775

ASCENSUS LLC4 years

Service code 15 · EIN 11-3665754

Recordkeeping

$15,110

PLANTE & MORAN, PLLC5 years

Filed as: PLANTE AND MORAN PLLC

Service code 10 · EIN 38-1357951

Accounting

$8,300

COMWEB PACKAGING CORP EMPLOYEES 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMWEB PACKAGING CORP EMPLOYEES 401(K) PLAN AND TRUST

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