Retirement plan

UNITED BAGS, INC. SAFE HARBOR 401(K) PLAN AND TRUST

Name: UNITED BAGS, INC. - UNITED BAGS, INC. SAFE HARBOR 401(K) PLAN AND TRUST (2020) Form 5500
Creator: UNITED BAGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED BAGS, INC. SAFE HARBOR 401(K) PLAN AND TRUST, UNITED BAGS, INC.

UNITED BAGS, INC.EIN 43-0621577Plan #001PY 2020

1355 NORTH WARSON - ST. LOUIS, MO 63132314-421-3700unitedbags.comLinkedIn11-50 employeespackaging and containers

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.1M

+15.2% from 2019

Total participants

+113.0% from 2019

Average account balance

$165,837

-45.9% from 2019

Annual return

10.54%

+11.42 pp from 2019

Benchmarks

See 5,720 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,720 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.33M

Not enough data

1 years with asset history on file

Average account balance

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

$355K

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.

115.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$803K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+13.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8059

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$226K

$5644 / participant

Other / not subdivided$226K100.0%

% of EOY assets

2.778%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$165,837

$81,208+104.2%

$98,916+67.7%

$79,858+107.7%

Participation rate

100.0%

72.5%+27.5pp

76.0%+24.0pp

69.6%+30.4pp

Annual return

10.54%

60.99%-50.5pp

196.45%-185.9pp

31.72%-21.2pp

Employer contribution / active EE

$7,788

$1,960+297.4%

$2,689+189.6%

$2,471+215.2%

Participant deferral / active EE

$5,439

$3,265+66.6%

$4,245+28.1%

$3,740+45.4%

Admin fee / account holder

$4,607

$6,013-23.4%

$6,642-30.6%

$5,306-13.2%

UNITED BAGS, INC. SAFE HARBOR 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED BAGS, INC. SAFE HARBOR 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