Retirement plan

MAJORS PLASTICS, INC. 401(K) PLAN

Name: MAJORS PLASTICS, INC. - MAJORS PLASTICS, INC. 401(K) PLAN (2020) Form 5500
Creator: MAJORS PLASTICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAJORS PLASTICS, INC. 401(K) PLAN, MAJORS PLASTICS, INC.

MAJORS PLASTICS, INC.EIN 47-0398519Plan #001PY 2020

10117 I STREET - OMAHA, NE 68127402-331-1660majorsplastics.comLinkedIn501-1000 employeesplastics

Other plans on this EIN

1 filing

#002Retirement-$67.3M assets

Prospect flagsLow returnsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$7.5M

+18.7% from 2019

Total participants

379

+5.3% from 2019

Average account balance

$45,631

+11.5% from 2019

Annual return

11.90%

-7.05 pp from 2019

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.08M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

188

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.

52.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$694K

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

+11.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$170

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP1 year Filed as: USI ADVISORS INC Service code 22 · EIN 06-1397347	Insurance Broker	$9,762
CAMBRIDGE INVESTMENT RESEARCH3 years Filed as: CAMBRIDGE INVESTMENT RESRCH Service code 26 · EIN 42-1445429	Advisory (Participants)	$8,813
GOLDLEAF PARTNERS3 years Service code 13 · EIN 45-0514557 P.O. BOX 806 · BRAINERD, MN 56401	Contract Administrator	$7,214
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$1,500
MESIROW FINANCIAL INVESTMENT MANAGE3 years Service code 49 · EIN 36-3429599	Other Services	$26

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D2T

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

4 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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$8 / participant

Contract admin$3K100.0%

% of EOY assets

0.036%

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: BERGER,ELLIOTT,& PRITCHARD CPAS LLC
Auditor EIN: 832666987
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,631

$85,135-46.4%

$98,920-53.9%

$73,412-37.8%

Participation rate

40.2%

81.1%-40.9pp

76.0%-35.8pp

72.2%-32.0pp

Annual return

11.90%

19.14%-7.2pp

196.47%-184.6pp

59.30%-47.4pp

Employer contribution / active EE

$514

$2,721-81.1%

$2,689-80.9%

$2,234-77.0%

Participant deferral / active EE

$1,035

$4,349-76.2%

$4,245-75.6%

$3,806-72.8%

Admin fee / account holder

$17

$139-88.1%

$6,643-99.8%

$158-89.5%

Provider

Service type

Compensation

USI CONSULTING GROUP1 year

Filed as: USI ADVISORS INC

Service code 22 · EIN 06-1397347

Insurance Broker

$9,762

CAMBRIDGE INVESTMENT RESEARCH3 years

Filed as: CAMBRIDGE INVESTMENT RESRCH

Service code 26 · EIN 42-1445429

Advisory (Participants)

$8,813

GOLDLEAF PARTNERS3 years

Service code 13 · EIN 45-0514557

P.O. BOX 806 · BRAINERD, MN 56401

Contract Administrator

$7,214

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$1,500

MESIROW FINANCIAL INVESTMENT MANAGE3 years

Service code 49 · EIN 36-3429599

Other Services

$26

MAJORS PLASTICS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAJORS PLASTICS, 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