Retirement plan

TOBACCO RAG PROCESSORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: TOBACCO RAG PROCESSORS, INC. - TOBACCO RAG PROCESSORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: TOBACCO RAG PROCESSORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TOBACCO RAG PROCESSORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN, TOBACCO RAG PROCESSORS, INC.

TOBACCO RAG PROCESSORS, INC.EIN 56-2203637Plan #002PY 2023

P.O. BOX 498 - BLACK CREEK, NC 278130498252-265-0081LinkedIn11-50 employeesconsumer goods

Other plans on this EIN

1 filing

#001Retirement-$6.9M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$49.1M

+25.9% from 2022

Total participants

308

+12.8% from 2022

Average account balance

$159,331

+11.6% from 2022

Annual return

24.47%

+25.44 pp from 2022

Benchmarks

See 939 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort939 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$87.56M

Not enough data

1 years with asset history on file

Average account balance

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

$276K

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.

317

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+78.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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

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 codes2P2I2Q

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.

Opportunity flags

0 tripped

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

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$159,331

$56,423+182.4%

$77,183+106.4%

$71,495+122.9%

Participation rate

100.0%

64.3%+35.7pp

69.6%+30.4pp

67.9%+32.1pp

Annual return

24.47%

19.05%+5.4pp

37.89%-13.4pp

28.85%-4.4pp

Employer contribution / active EE

$6,360

$1,866+240.8%

$2,534+151.0%

$2,589+145.6%

Participant deferral / active EE

$3,142-100.0%

$3,833-100.0%

$4,291-100.0%

Admin fee / account holder

$1,429-100.0%

$5,475-100.0%

$1,588-100.0%

TOBACCO RAG PROCESSORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

TOBACCO RAG PROCESSORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion