Retirement plan

INDEPENDENT CAN COMPANY PROFIT SHARING PLAN

Name: INDEPENDENT CAN COMPANY - INDEPENDENT CAN COMPANY PROFIT SHARING PLAN (2016) Form 5500
Creator: INDEPENDENT CAN COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDEPENDENT CAN COMPANY PROFIT SHARING PLAN, INDEPENDENT CAN COMPANY

INDEPENDENT CAN COMPANYEIN 52-0902777Plan #001PY 2016

1300 BRASS MILL ROAD, PO BOX 370 - BELCAMP, MD 21017410-575-7025independentcan.comLinkedIn201-500 employeespackaging and containers

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed January 26, 2021

Plan administrator

Plan administrator name— Sign in and upgrade to view

1300 Brass Mill Rd

Belcamp, MD 21017

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Plans declared (1)

Independent Can Company Value Appreciation Plan6 emp

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Total assets (EOY)

$31.4M

+28.1% from 2015

Total participants

463

+6.4% from 2015

Average account balance

$67,757

+20.3% from 2015

Annual return

25.41%

+24.18 pp from 2015

Benchmarks

See 2,356 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,356 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.15M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

419

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.

95.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$356

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 1 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Filed as: PRUDENTIAL RET INS & ANNUITY CO Service code 28 · EIN 06-1050034 280 TRUMBALL STREET · HARTFORD, CT 06103	Investment Management	$1,705

Plan features & details

Pension benefit codes2E2G2J2S

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$2K

$6 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.007%

all-in expense ratio

Categories reported

0 / 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: STOY, MALONE & COMPANY, P.C.
Auditor EIN: 521756896
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,757

$63,905+6.0%

$74,184-8.7%

$57,658+17.5%

Participation rate

100.0%

79.8%+20.2pp

76.6%+23.4pp

70.2%+29.8pp

Annual return

25.41%

60.60%-35.2pp

17.74%+7.7pp

5.13%+20.3pp

Employer contribution / active EE

$1,494

$1,840-18.8%

$2,370-37.0%

$1,974-24.3%

Participant deferral / active EE

$2,642

$3,448-23.4%

$3,550-25.6%

$3,061-13.7%

Admin fee / account holder

$91-94.7%

$5,586-99.9%

$95-94.9%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Filed as: PRUDENTIAL RET INS & ANNUITY CO

Service code 28 · EIN 06-1050034

280 TRUMBALL STREET · HARTFORD, CT 06103

Investment Management

$1,705

INDEPENDENT CAN COMPANY PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDEPENDENT CAN COMPANY PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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