Retirement plan

ATLANTIC CORPORATION OF WILMINGTON, INC. 401(K) PROFIT SHARING PLAN

Name: ATLANTIC CORPORATION OF WILMINGTON, INC. - ATLANTIC CORPORATION OF WILMINGTON, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: ATLANTIC CORPORATION OF WILMINGTON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATLANTIC CORPORATION OF WILMINGTON, INC. 401(K) PROFIT SHARING PLAN, ATLANTIC CORPORATION OF WILMINGTON, INC.

ATLANTIC CORPORATION OF WILMINGTON, INC.EIN 56-0797402Plan #001PY 2024

806 N 23RD ST - WILMINGTON, NC 284051802910-343-0624LinkedIn501-1000 employeespaper & forest products

Prospect flagsFailed to transmit contributionsLoss discovered

How to read this page

Total assets (EOY)

$177.8M

+11.5% from 2023

Total participants

1,262

+9.1% from 2023

Average account balance

$151,600

+7.7% from 2023

Annual return

12.69%

-3.78 pp from 2023

Benchmarks

See 422 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort422 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$177.83M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

1,173

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.

92.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$253

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$273,704
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS FIN NETWORK Service code 27 · EIN 48-1305000	Advisory (Plan)	$48,462
CAPFINANCIAL PARTNERS LLC1 year Service code 27 · EIN 26-0058143	Advisory (Plan)	$43,393
NAVELLIER & ASSOCIATES INC2 years Service code 26 · EIN 88-0240393	Advisory (Participants)	$21,978
RPA FINANCIAL, LLC4 years Service code 27 · EIN 83-1143379	Advisory (Plan)	$8,077
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceLoss discovered
Plan reported the discovery of a loss from fraud or dishonesty.

Expense breakdown

Schedule H Part II

Admin total

$297K

$259 / participant

Contract admin$275K92.6%
Other / not subdivided$22K7.4%

% of EOY assets

0.167%

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: THOMAS JUDY & TUCKER, PA
Auditor EIN: 561965804
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$151,600

$112,582+34.7%

$105,624+43.5%

$200,096-24.2%

Participation rate

92.2%

86.3%+6.0pp

75.3%+16.9pp

72.0%+20.2pp

Annual return

12.69%

15.58%-2.9pp

116.20%-103.5pp

34.26%-21.6pp

Employer contribution / active EE

$5,215

$4,580+13.9%

$3,168+64.6%

$3,038+71.7%

Participant deferral / active EE

$6,938

$6,655+4.2%

$5,013+38.4%

$5,090+36.3%

Admin fee / account holder

$253

$107+136.5%

$10,961-97.7%

$269-6.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$273,704

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO ADVISORS FIN NETWORK

Service code 27 · EIN 48-1305000

Advisory (Plan)

$48,462

CAPFINANCIAL PARTNERS LLC1 year

Service code 27 · EIN 26-0058143

Advisory (Plan)

$43,393

NAVELLIER & ASSOCIATES INC2 years

Service code 26 · EIN 88-0240393

Advisory (Participants)

$21,978

RPA FINANCIAL, LLC4 years

Service code 27 · EIN 83-1143379

Advisory (Plan)

$8,077

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

ATLANTIC CORPORATION OF WILMINGTON, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATLANTIC CORPORATION OF WILMINGTON, 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