Retirement plan

RUSKEN PACKAGING, INC 401(K) PLAN

Name: RUSKEN PACKAGING, INC. - RUSKEN PACKAGING, INC 401(K) PLAN (2020) Form 5500
Creator: RUSKEN PACKAGING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RUSKEN PACKAGING, INC 401(K) PLAN, RUSKEN PACKAGING, INC.

RUSKEN PACKAGING, INC.EIN 63-0776136Plan #001PY 2020

PO BOX 2100 - CULLMAN, AL 35056256-734-0092rusken.comLinkedIn501-1000 employeespackaging and containers

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$22.9M

+14.6% from 2019

Total participants

546

+8.5% from 2019

Average account balance

$49,504

+0.2% from 2019

Annual return

9.84%

-71.17 pp from 2019

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.17M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

726

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.

91.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$105,359
KELLEY FINANCIAL SERVICES, INC.2 years Service code 13 · EIN 47-0800241	Contract Administrator	$21,345
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK2 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
DAVID ROMANO2 years Filed as: DAVID J MEANS Service code 53 100 S 5TH ST STE 2300 · MINNEAPOLIS, MN 55402	Insurance Commissions	$0
DIMENSIONAL FUND ADVISORS2 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 28 · EIN 61-1732930	Investment Management	$0
INVESCO2 years Service code 52 · EIN 93-1036175	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 26-3613641	Indirect Investment Fees	$0
NELSON MULLINS RILEY & SCARBOROUGH2 years Filed as: NELSON ILDEFONSO Service code 53 1111 N 102ND CT · OMAHA, NE 68114	Insurance Commissions	$0

Plan features & details

Pension benefit codes2F2E2J2K2T3D3H2G

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$105K

$203 / participant

Investment mgmt$93K88.6%
Contract admin$8K7.9%
Other / not subdivided$4K3.5%

% of EOY assets

0.461%

all-in expense ratio

Categories reported

2 / 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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,504

$85,135-41.9%

$98,920-50.0%

$73,412-32.6%

Participation rate

83.8%

81.1%+2.6pp

76.0%+7.8pp

72.2%+11.6pp

Annual return

9.84%

19.14%-9.3pp

196.47%-186.6pp

59.30%-49.5pp

Employer contribution / active EE

$1,138

$2,721-58.2%

$2,689-57.7%

$2,234-49.1%

Participant deferral / active EE

$2,954

$4,349-32.1%

$4,245-30.4%

$3,806-22.4%

Admin fee / account holder

$228

$139+63.8%

$6,643-96.6%

$158+44.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$105,359

KELLEY FINANCIAL SERVICES, INC.2 years

Service code 13 · EIN 47-0800241

Contract Administrator

$21,345

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK2 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

DAVID ROMANO2 years

Filed as: DAVID J MEANS

Service code 53

100 S 5TH ST STE 2300 · MINNEAPOLIS, MN 55402

Insurance Commissions

DIMENSIONAL FUND ADVISORS2 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 28 · EIN 61-1732930

Investment Management

INVESCO2 years

Service code 52 · EIN 93-1036175

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 26-3613641

Indirect Investment Fees

NELSON MULLINS RILEY & SCARBOROUGH2 years

Filed as: NELSON ILDEFONSO

Service code 53

1111 N 102ND CT · OMAHA, NE 68114

Insurance Commissions

RUSKEN PACKAGING, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RUSKEN PACKAGING, INC 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