Retirement plan

MEREDITH-WEBB PRINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN

Name: MEREDITH WEBB PRINTING COMPANY, INC. - MEREDITH-WEBB PRINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: MEREDITH WEBB PRINTING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEREDITH-WEBB PRINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN, MEREDITH WEBB PRINTING COMPANY, INC.

MEREDITH WEBB PRINTING COMPANY, INC.EIN 56-0654636Plan #002PY 2023

334 N. MAIN STREET - BURLINGTON, NC 27217336-228-8378meredithwebb.comLinkedIn51-200 employeesprinting

Prospect flagsLow returnsHigh feesLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$5.3M

+15.9% from 2022

Total participants

137

+14.2% from 2022

Average account balance

$47,168

+23.1% from 2022

Annual return

11.42%

+28.65 pp from 2022

Benchmarks

See 1,942 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,942 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.75M

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.

110

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$425K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$307

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 3 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT1 year Filed as: RBC CAPITAL MARKETS, LLC Service code 27 60 S 6TH ST COMMISSIONS ACCTG P -14 · MINNEAPOLIS, MN 55402	Advisory (Plan)	$17,786
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY COMPANY OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$17,367
EPIC RETIREMENT PLAN SERVICES1 year Filed as: QUALIFIED RETIREMENT PLAN SERVICES, Service code 13 2724 DISCOVERY DRIV, SUITE 100 · RALEIGH, NC 27616	Contract Administrator	$5,581

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2A

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$36K

$333 / participant

Contract admin$36K100.0%

% of EOY assets

0.669%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: KIMBERLIN COMPANY, PLLC
Auditor EIN: 455497718
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,168

$71,516-34.0%

$98,439-52.1%

$71,457-34.0%

Participation rate

77.6%

72.7%+4.9pp

75.2%+2.4pp

67.9%+9.6pp

Annual return

11.42%

32.41%-21.0pp

21.16%-9.7pp

28.85%-17.4pp

Employer contribution / active EE

$125

$2,399-94.8%

$3,048-95.9%

$2,588-95.2%

Participant deferral / active EE

$1,993

$4,109-51.5%

$4,738-57.9%

$4,289-53.5%

Admin fee / account holder

$316

$1,675-81.2%

$8,948-96.5%

$1,587-80.1%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT1 year

Filed as: RBC CAPITAL MARKETS, LLC

Service code 27

60 S 6TH ST COMMISSIONS ACCTG P -14 · MINNEAPOLIS, MN 55402

Advisory (Plan)

$17,786

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY COMPANY OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$17,367

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: QUALIFIED RETIREMENT PLAN SERVICES,

Service code 13

2724 DISCOVERY DRIV, SUITE 100 · RALEIGH, NC 27616

Contract Administrator

$5,581

MEREDITH-WEBB PRINTING COMPANY, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEREDITH-WEBB PRINTING COMPANY, INC. 401(K) PROFIT SHARING 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