Retirement plan

MISSISSIPPI PLASTIC BAG & PACKAGING, INC. PROFIT SHARING PLAN

Name: MISSISSIPPI PLASTIC BAG & PACKAGING, INC. - MISSISSIPPI PLASTIC BAG & PACKAGING, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: MISSISSIPPI PLASTIC BAG & PACKAGING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MISSISSIPPI PLASTIC BAG & PACKAGING, INC. PROFIT SHARING PLAN, MISSISSIPPI PLASTIC BAG & PACKAGING, INC.

MISSISSIPPI PLASTIC BAG & PACKAGING, INC.EIN 64-0732791Plan #001PY 2020

POST OFFICE BOX 220, 114 BROWNSVILLE ROAD - BOLTON, MS 39041601-866-7209msplasticpackaging.comLinkedIn1-10 employeespackaging and containers

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.4M

+11.5% from 2019

Total participants

+3.2% from 2019

Average account balance

$201,189

+8.0% from 2019

Annual return

8.76%

-8.59 pp from 2019

Benchmarks

See 8,252 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,252 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.19M

Not enough data

1 years with asset history on file

Average account balance

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

$241K

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.

141.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$262K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6543

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 codes2E3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

$57K

$2981 / participant

Other / not subdivided$57K100.0%

% of EOY assets

0.880%

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

$201,189

$118,708+69.5%

$98,920+103.4%

$158,982+26.5%

Participation rate

100.0%

77.8%+22.2pp

76.0%+24.0pp

82.0%+18.0pp

Annual return

8.76%

372.49%-363.7pp

196.47%-187.7pp

302.99%-294.2pp

Employer contribution / active EE

$11,140

$3,334+234.1%

$2,689+314.2%

$4,763+133.9%

Participant deferral / active EE

$5,089-100.0%

$4,245-100.0%

$5,983-100.0%

Admin fee / account holder

$1,770

$10,134-82.5%

$6,643-73.4%

$11,252-84.3%

MISSISSIPPI PLASTIC BAG & PACKAGING, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MISSISSIPPI PLASTIC BAG & PACKAGING, INC. 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