Retirement plan

OWEN BROTHERS / SOUTHEASTERN PAPERBOARD 401(K) PROFIT SHARING PLAN

Name: OWEN BROTHERS, INC. - OWEN BROTHERS / SOUTHEASTERN PAPERBOARD 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: OWEN BROTHERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OWEN BROTHERS / SOUTHEASTERN PAPERBOARD 401(K) PROFIT SHARING PLAN, OWEN BROTHERS, INC.

OWEN BROTHERS, INC.EIN 58-1364922Plan #001PY 2020

100 SOUTH HARRIS ROAD - PIEDMONT, SC 296739311864-277-7353

Prospect flagsLow returnsHigh feesLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$4M

+6.8% from 2019

Total participants

205

+7.9% from 2019

Average account balance

$19,590

+0.5% from 2019

Annual return

7.75%

+0.24 pp from 2019

Benchmarks

See 5,720 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,720 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.17M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

113

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$89K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+15.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$477

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
BAM ADVISOR SERVICES5+ years Filed as: BAM ADVISOR SERVICES, LLC Service code 26 · EIN 16-1728260	Advisory (Participants)	$38,373
EPIC RETIREMENT PLAN SERVICES5+ years Filed as: KASSOUF RETIREMENT PLAN SERV, LLC Service code 15 · EIN 63-1239553	Recordkeeping	$16,935
MATRIX TRUST COMPANY1 year Service code 18 717 17TH STREET STE 1300 · DENVER, CO 80202	Custodial (securities); Trustee (dire...	$2,235
TD AMERITRADE, INC.5+ years Filed as: TD AMERITRADE TRUST COMPANY Service code 18 717 17TH STREET, SUITE 1700 · DENVER, CO 80202	Custodial (securities); Trustee (bank...	$5
TD AMERITRADE, INC.5+ years Filed as: TD AMERITRADE TRUST COMAPNY Service code 18	Trustee (bank, trust company, or simi...	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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 participant contribution
Participant 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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$65K

$762 / participant

Investment mgmt$65K100.0%

% of EOY assets

1.636%

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: NICHOLS, CAULEY & ASSOCIATES, LLC.
Auditor EIN: 582475857
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,590

$81,208-75.9%

$98,920-80.2%

$79,852-75.5%

Participation rate

96.5%

72.5%+24.0pp

76.0%+20.4pp

69.6%+26.8pp

Annual return

7.75%

60.99%-53.2pp

196.47%-188.7pp

31.72%-24.0pp

Employer contribution / active EE

$588

$1,960-70.0%

$2,689-78.1%

$2,471-76.2%

Participant deferral / active EE

$1,279

$3,265-60.8%

$4,245-69.9%

$3,740-65.8%

Admin fee / account holder

$321

$6,013-94.7%

$6,643-95.2%

$5,306-94.0%

Provider

Service type

Compensation

BAM ADVISOR SERVICES5+ years

Filed as: BAM ADVISOR SERVICES, LLC

Service code 26 · EIN 16-1728260

Advisory (Participants)

$38,373

EPIC RETIREMENT PLAN SERVICES5+ years

Filed as: KASSOUF RETIREMENT PLAN SERV, LLC

Service code 15 · EIN 63-1239553

Recordkeeping

$16,935

MATRIX TRUST COMPANY1 year

Service code 18

717 17TH STREET STE 1300 · DENVER, CO 80202

Custodial (securities); Trustee (dire...

$2,235

TD AMERITRADE, INC.5+ years

Filed as: TD AMERITRADE TRUST COMPANY

Service code 18

717 17TH STREET, SUITE 1700 · DENVER, CO 80202

Custodial (securities); Trustee (bank...

TD AMERITRADE, INC.5+ years

Filed as: TD AMERITRADE TRUST COMAPNY

Service code 18

Trustee (bank, trust company, or simi...

OWEN BROTHERS / SOUTHEASTERN PAPERBOARD 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OWEN BROTHERS / SOUTHEASTERN PAPERBOARD 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