Retirement plan

PERFORMANCE CORP 401(K) PLAN

Name: PERFORMANCE PALLET CORPORATION - PERFORMANCE CORP 401(K) PLAN (2022) Form 5500
Creator: PERFORMANCE PALLET CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PERFORMANCE CORP 401(K) PLAN, PERFORMANCE PALLET CORPORATION

PERFORMANCE PALLET CORPORATIONEIN 39-1893518Plan #001PY 2022

107 W MAIN ST - LITTLE CHUTE, WI 54140920-833-7839performance-corp.comLinkedIn201-500 employeespackaging and containers

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2.6M

+0.9% from 2021

Total participants

228

-0.9% from 2021

Average account balance

$26,916

-3.3% from 2021

Annual return

-13.72%

-28.10 pp from 2021

Benchmarks

See 1,871 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,871 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.30M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

46.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$438K

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

+11.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9995

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
ADVISORS MANAGEMENT GROUP3 years Service code 26 · EIN 41-1619602	Advisory (Participants)	$13,497
THE VANGUARD GROUP, INC.3 years Filed as: THE VANGUARD GROUP Service code 64 · EIN 23-1945930	Recordkeeping Fees	$8,758
RETIREMENT STRATEGIES, INC.2 years Filed as: RETIREMENT STRATEGIES LLC Service code 12 · EIN 27-0017183	Claims processing; Consulting (genera...	$500

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$18K

$89 / participant

Contract admin$18K100.0%

% of EOY assets

0.685%

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: HAWKINS ASH CPA
Auditor EIN: 390912608
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,916

$72,639-62.9%

$90,766-70.3%

$66,949-59.8%

Participation rate

32.5%

73.7%-41.2pp

75.7%-43.2pp

69.8%-37.3pp

Annual return

-13.72%

-12.28%-1.4pp

-12.16%-1.6pp

1.57%-15.3pp

Employer contribution / active EE

$804

$2,369-66.1%

$2,922-72.5%

$2,545-68.4%

Participant deferral / active EE

$1,591

$3,979-60.0%

$4,565-65.1%

$4,239-62.5%

Admin fee / account holder

$184

$708-73.9%

$8,446-97.8%

$594-68.9%

Provider

Service type

Compensation

ADVISORS MANAGEMENT GROUP3 years

Service code 26 · EIN 41-1619602

Advisory (Participants)

$13,497

THE VANGUARD GROUP, INC.3 years

Filed as: THE VANGUARD GROUP

Service code 64 · EIN 23-1945930

Recordkeeping Fees

$8,758

RETIREMENT STRATEGIES, INC.2 years

Filed as: RETIREMENT STRATEGIES LLC

Service code 12 · EIN 27-0017183

Claims processing; Consulting (genera...

$500

PERFORMANCE CORP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PERFORMANCE CORP 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