Retirement plan

PROFESSIONAL PACKAGING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN AND TRUST

Name: PROFESSIONAL PACKAGING SYSTEMS, LLC - PROFESSIONAL PACKAGING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: PROFESSIONAL PACKAGING SYSTEMS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFESSIONAL PACKAGING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN AND TRUST, PROFESSIONAL PACKAGING SYSTEMS, LLC

PROFESSIONAL PACKAGING SYSTEMS, LLCEIN 75-1728943Plan #002PY 2020

2010 S. GREAT SOUTHWEST PARKWAY - GRAND PRAIRIE, TX 75051972-988-0777propac.comLinkedIn201-500 employeespackaging and containers

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$6.6M

+21.0% from 2019

Total participants

211

+2.9% from 2019

Average account balance

$56,198

+15.8% from 2019

Annual return

13.48%

-9.56 pp from 2019

Benchmarks

See 1,894 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,894 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.93M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

143

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.

41.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$908K

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

+10.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$289

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 7 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK3 years Filed as: COMMONWEALTH EQUITY SERVICES LLC DB Service code 27 29 SAWYER RD · WALTHAM, ME 02453	Advisory (Plan)	$21,758
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$11,420
AMERICAS 401K, INC.3 years Filed as: AMERICAS 401K INC Service code 13	Contract Administrator	$4,930
AMERICAS 401K, INC.4 years Service code 13 · EIN 75-2261114	Contract Administrator	$1,300
DEFINITI LLC1 year Service code 13	Contract Administrator	$509
DEFINITI LLC1 year Filed as: DEFINITI, LLC Service code 13 · EIN 47-4066865 2201 TIMBERLOCH PL STE 150 · THE WOODLANDS, TX 77380	Contract Administrator	$0
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$13K

$67 / participant

Contract admin$13K100.0%

% of EOY assets

0.194%

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: MCBEE & CO., PC
Auditor EIN: 030494890
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,198

$70,917-20.8%

$98,920-43.2%

$73,497-23.5%

Participation rate

51.0%

73.8%-22.8pp

76.0%-25.0pp

70.7%-19.6pp

Annual return

13.48%

34.18%-20.7pp

196.47%-183.0pp

28.51%-15.0pp

Employer contribution / active EE

$1,005

$2,037-50.6%

$2,689-62.6%

$2,270-55.7%

Participant deferral / active EE

$2,486

$3,501-29.0%

$4,245-41.4%

$3,740-33.5%

Admin fee / account holder

$109

$535-79.6%

$6,643-98.4%

$513-78.7%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK3 years

Filed as: COMMONWEALTH EQUITY SERVICES LLC DB

Service code 27

29 SAWYER RD · WALTHAM, ME 02453

Advisory (Plan)

$21,758

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$11,420

AMERICAS 401K, INC.3 years

Filed as: AMERICAS 401K INC

Service code 13

Contract Administrator

$4,930

AMERICAS 401K, INC.4 years

Service code 13 · EIN 75-2261114

Contract Administrator

$1,300

DEFINITI LLC1 year

Service code 13

Contract Administrator

$509

DEFINITI LLC1 year

Filed as: DEFINITI, LLC

Service code 13 · EIN 47-4066865

2201 TIMBERLOCH PL STE 150 · THE WOODLANDS, TX 77380

Contract Administrator

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

PROFESSIONAL PACKAGING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFESSIONAL PACKAGING SYSTEMS, LLC 401(K) PROFIT SHARING PLAN AND TRUST

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