Retirement plan

IMPERIAL DADE PUERTO RICO PROFIT SHARING AND 401(K) PLAN

Name: DADE PAPER & BAG, LLC - IMPERIAL DADE PUERTO RICO PROFIT SHARING AND 401(K) PLAN (2020) Form 5500
Creator: DADE PAPER & BAG, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IMPERIAL DADE PUERTO RICO PROFIT SHARING AND 401(K) PLAN, DADE PAPER & BAG, LLC

DADE PAPER & BAG, LLCEIN 59-0784248Plan #003PY 2020

CENTRO DE DISTRIBUCION DEL NORTE 1,, SR 869 KM 4.2 BO PALMAS - CATANO, PR 00962787-275-1414

Prospect flagsHigh retiree %Low participationLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$1.9M

-2.6% from 2019

Total participants

110

-12.0% from 2019

Average account balance

$23,696

+30.6% from 2019

Annual return

10.37%

-7.83 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

$2.21M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

148

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.

59.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$228K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$193

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
ORIENTAL BANK1 year Service code 13 · EIN 66-0259436 PO BOX 191429 · SAN JUAN, PR 009191429	Contract Administrator	$7,403
AMERITAS LIFE INSURANCE CORP2 years Filed as: AMERITAS INVESTMENT CORP(LINCOLN) Service code 27 · EIN 30-5472300 1 GRANITE PL · CONCORD, NH 33101	Advisory (Plan)	$5,903
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT-WEST LIFE & ANNUITY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,822
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,614
ORIENTAL PENSION CONSULTANTS2 years Service code 13 · EIN 59-2356441 1900 NW CORPORATE BLVD STE 400 WEST · BOCA RATON, FL 33431	Contract Administrator	$675

Plan features & details

Pension benefit codes2E2F2G2J3J2K2T

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.
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.
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant 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.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$17K

$265 / participant

Other / not subdivided$17K100.0%

% of EOY assets

0.899%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KEVANE GRANT THORNTON LLP
Auditor EIN: 660563256
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,696

$91,559-74.1%

$133,978-82.3%

$79,856-70.3%

Participation rate

57.6%

73.3%-15.8pp

79.8%-22.3pp

69.6%-12.1pp

Annual return

10.37%

61.85%-51.5pp

45.10%-34.7pp

31.71%-21.3pp

Employer contribution / active EE

$172

$2,384-92.8%

$3,919-95.6%

$2,471-93.0%

Participant deferral / active EE

$1,483

$3,734-60.3%

$5,047-70.6%

$3,741-60.3%

Admin fee / account holder

$213

$6,321-96.6%

$8,930-97.6%

$5,306-96.0%

Provider

Service type

Compensation

ORIENTAL BANK1 year

Service code 13 · EIN 66-0259436

PO BOX 191429 · SAN JUAN, PR 009191429

Contract Administrator

$7,403

AMERITAS LIFE INSURANCE CORP2 years

Filed as: AMERITAS INVESTMENT CORP(LINCOLN)

Service code 27 · EIN 30-5472300

1 GRANITE PL · CONCORD, NH 33101

Advisory (Plan)

$5,903

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT-WEST LIFE & ANNUITY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,822

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,614

ORIENTAL PENSION CONSULTANTS2 years

Service code 13 · EIN 59-2356441

1900 NW CORPORATE BLVD STE 400 WEST · BOCA RATON, FL 33431

Contract Administrator

$675

IMPERIAL DADE PUERTO RICO PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IMPERIAL DADE PUERTO RICO PROFIT SHARING AND 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