Retirement plan

TETRA PAK RETIREMENT SAVINGS PLAN

Name: TETRA PAK, INC. - TETRA PAK RETIREMENT SAVINGS PLAN (2015) Form 5500
Creator: TETRA PAK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TETRA PAK RETIREMENT SAVINGS PLAN, TETRA PAK, INC.

TETRA PAK, INC.EIN 75-1537534Plan #010PY 2015

600 BUNKER CT. - VERNON HILLS, IL 60061847-955-6484

Other plans on this EIN

1 filing

#007Retirement-$33.2M assets

Prospect flagsLow returnsFailed to transmit contributions

Top hat statement on fileNQDC

Filed January 27, 2006 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$245.5M

-7.1% from 2016

Total participants

1,680

-0.2% from 2016

Average account balance

$150,343

-8.2% from 2016

Annual return

-0.62%

-5.15 pp from 2016

Benchmarks

See 357 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort357 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$500.16M

Not enough data

1 years with asset history on file

Average account balance

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

$242K

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.

2,070

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$37.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+13.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$197

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

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

Service providers

Top 8 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 27-0058684	Advisory (Plan)	$98,840
MCDERMOTT WILL & EMERY LLP1+ years Filed as: MCDERMOTT, WILL & EMERY Service code 29 · EIN 36-1453176	Legal	$55,835
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS LLC Service code 27 · EIN 34-1542819	Advisory (Plan)	$52,758
CHARLES SCHWAB & CO., INC.1+ years Filed as: SCHWAB RETIREMENT PLAN SERVICE INC. Service code 15 · EIN 34-1479833	Recordkeeping	$39,242
CHARLES SCHWAB & CO., INC.1+ years Filed as: SCHWAB RETIREMENT PLAN SERVICE CO. Service code 15 · EIN 74-2279754	Recordkeeping	$22,701
BKD, LLP1+ years Filed as: BKD LLP Service code 29 · EIN 44-0160260	Legal	$22,285
CHARLES SCHWAB & CO., INC.1+ years Service code 27 · EIN 94-1737782	Advisory (Plan)	$0
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB BANK Service code 21 · EIN 42-1558009	Bank Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$289K

$217 / participant

Investment mgmt$152K52.5%
Other / not subdivided$138K47.5%

% of EOY assets

0.118%

all-in expense ratio

Categories reported

1 / 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: BKD LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$150,343

$81,321+84.9%

$68,509+119.4%

$59,188+154.0%

Participation rate

96.5%

83.8%+12.6pp

74.7%+21.8pp

69.4%+27.1pp

Annual return

-0.62%

4.65%-5.3pp

8.27%-8.9pp

5.51%-6.1pp

Employer contribution / active EE

$8,385

$3,297+154.4%

$2,278+268.1%

$2,098+299.7%

Participant deferral / active EE

$6,058

$4,592+31.9%

$3,382+79.1%

$3,265+85.6%

Admin fee / account holder

$177

$62+187.1%

$5,275-96.6%

$92+92.2%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 27-0058684

Advisory (Plan)

$98,840

MCDERMOTT WILL & EMERY LLP1+ years

Filed as: MCDERMOTT, WILL & EMERY

Service code 29 · EIN 36-1453176

Legal

$55,835

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO ADVISORS LLC

Service code 27 · EIN 34-1542819

Advisory (Plan)

$52,758

CHARLES SCHWAB & CO., INC.1+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICE INC.

Service code 15 · EIN 34-1479833

Recordkeeping

$39,242

CHARLES SCHWAB & CO., INC.1+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICE CO.

Service code 15 · EIN 74-2279754

Recordkeeping

$22,701

BKD, LLP1+ years

Filed as: BKD LLP

Service code 29 · EIN 44-0160260

Legal

$22,285

CHARLES SCHWAB & CO., INC.1+ years

Service code 27 · EIN 94-1737782

Advisory (Plan)

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB BANK

Service code 21 · EIN 42-1558009

Bank Trustee

TETRA PAK RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TETRA PAK RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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