Retirement plan

MOD-PAC CORP. PROFIT SHARING/401(K) PLAN

Name: MOD-PAC CORP. - MOD-PAC CORP. PROFIT SHARING/401(K) PLAN (2022) Form 5500
Creator: MOD-PAC CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MOD-PAC CORP. PROFIT SHARING/401(K) PLAN, MOD-PAC CORP.

MOD-PAC CORP.EIN 38-4099339Plan #001PY 2022

1801 ELMWOOD AVE - BUFFALO, NY 142072463716-566-9217

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$26.4M

-21.4% from 2021

Total participants

369

+0.5% from 2021

Average account balance

$72,916

-21.2% from 2021

Annual return

-18.30%

-30.18 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

$32.34M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

392

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.39M

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

+15.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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 2 by compensation

Provider	Service type	Compensation
CTBK LLP5+ years Service code 10 · EIN 16-1468002 45 BRYANT WOODS NORTH · AMHERST, NY 14228	Accounting	$0
THE VANGUARD GROUP, INC.5+ years Filed as: THE VANGUARD GROUP Service code 12 · EIN 23-2186884 PO BOX 2600 · VALLEY FORGE, PA 19482	Contract Administrator; Claims proces...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$18K

$68 / participant

Contract admin$18K100.0%

% of EOY assets

0.070%

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: CTBK LLP
Auditor EIN: 161468002
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,916

$81,948-11.0%

$90,760-19.7%

$64,819+12.5%

Participation rate

97.4%

80.5%+17.0pp

75.7%+21.7pp

71.5%+26.0pp

Annual return

-18.30%

-12.53%-5.8pp

-12.16%-6.1pp

32.84%-51.1pp

Employer contribution / active EE

$1,290

$3,067-57.9%

$2,922-55.8%

$2,507-48.5%

Participant deferral / active EE

$3,043

$4,844-37.2%

$4,565-33.3%

$4,311-29.4%

Admin fee / account holder

$51

$157-67.5%

$8,444-99.4%

$188-72.8%

Provider

Service type

Compensation

CTBK LLP5+ years

Service code 10 · EIN 16-1468002

45 BRYANT WOODS NORTH · AMHERST, NY 14228

Accounting

THE VANGUARD GROUP, INC.5+ years

Filed as: THE VANGUARD GROUP

Service code 12 · EIN 23-2186884

PO BOX 2600 · VALLEY FORGE, PA 19482

Contract Administrator; Claims proces...

MOD-PAC CORP. PROFIT SHARING/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MOD-PAC CORP. PROFIT SHARING/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