Retirement plan

A-B-C PACKAGING MACHINE CORPORATION 401(K) PLAN

Name: A-B-C PACKAGING MACHINE CORPORATION - A-B-C PACKAGING MACHINE CORPORATION 401(K) PLAN (2020) Form 5500
Creator: A-B-C PACKAGING MACHINE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, A-B-C PACKAGING MACHINE CORPORATION 401(K) PLAN, A-B-C PACKAGING MACHINE CORPORATION

A-B-C PACKAGING MACHINE CORPORATIONEIN 59-0781810Plan #002PY 2020

811 LIVE OAK STREET - TARPON SPRINGS, FL 34689727-937-5144

Other plans on this EIN

1 filing

#001Retirement-$9.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.8M

+4.0% from 2019

Total participants

-3.7% from 2019

Average account balance

$79,530

+5.7% from 2019

Annual return

15.49%

-4.96 pp from 2019

Benchmarks

See 9,207 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,207 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.59M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

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.

69.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$680K

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

+17.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6395

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

0 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 codes2E2F2G2J3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$14782 / participant

Other / not subdivided$1M100.0%

% of EOY assets

22.924%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,530

$91,559-13.1%

$133,978-40.6%

$79,856-0.4%

Participation rate

74.3%

73.3%+1.0pp

79.8%-5.5pp

69.6%+4.7pp

Annual return

15.49%

61.85%-46.4pp

45.10%-29.6pp

31.71%-16.2pp

Employer contribution / active EE

$2,290

$2,384-3.9%

$3,919-41.6%

$2,471-7.3%

Participant deferral / active EE

$5,268

$3,734+41.1%

$5,047+4.4%

$3,741+40.8%

Admin fee / account holder

$18,231

$6,321+188.4%

$8,930+104.2%

$5,306+243.6%

A-B-C PACKAGING MACHINE CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

A-B-C PACKAGING MACHINE CORPORATION 401(K) 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