Retirement plan

MISSISSIPPI POLYMERS, INC. RETIREMENT SAVINGS PLAN

Name: MISSISSIPPI POLYMERS, INC. - MISSISSIPPI POLYMERS, INC. RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: MISSISSIPPI POLYMERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MISSISSIPPI POLYMERS, INC. RETIREMENT SAVINGS PLAN, MISSISSIPPI POLYMERS, INC.

MISSISSIPPI POLYMERS, INC.EIN 75-3095103Plan #002PY 2020

2733 S. HARPER ROAD - CORINTH, MS 38834662-287-1401mississippipolymers.comLinkedIn1-10 employeesmachinery

Other plans on this EIN

2 filings

#001Retirement-$16.3M assets #003Retirement-$7.0M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$5.1M

+2.3% from 2019

Total participants

121

-4.7% from 2019

Average account balance

$43,062

+7.5% from 2019

Annual return

10.31%

-6.86 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

$5.46M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

120

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$341K

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

+9.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23

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 9 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 49 · EIN 04-1590850	Other Services	$1,921
FRANKLIN TEMPLETON4 years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
HARRIS4 years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0
INVESCO4 years Service code 52 · EIN 84-0933032	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY4 years Filed as: JP MORGAN Service code 52 · EIN 13-3963293	Indirect Investment Fees	$0
MANNING & NAPIER4 years Service code 52 · EIN 16-1371994	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT4 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
THORNBURG4 years Service code 52 · EIN 06-1158764	Indirect Investment Fees	$0
WILLIAM BLAIR4 years Service code 52 · EIN 36-2272155	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G3D2T

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$16 / participant

Contract admin$2K100.0%

% of EOY assets

0.037%

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: NAIL MCKINNEY PROFESSIONAL ASSOCIAT
Auditor EIN: 640760834
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,062

$70,917-39.3%

$98,920-56.5%

$73,497-41.4%

Participation rate

98.3%

73.8%+24.5pp

76.0%+22.3pp

70.7%+27.6pp

Annual return

10.31%

34.18%-23.9pp

196.47%-186.2pp

28.51%-18.2pp

Employer contribution / active EE

$1,451

$2,037-28.8%

$2,689-46.1%

$2,270-36.1%

Participant deferral / active EE

$1,660

$3,501-52.6%

$4,245-60.9%

$3,740-55.6%

Admin fee / account holder

$16

$535-97.0%

$6,643-99.8%

$513-96.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 49 · EIN 04-1590850

Other Services

$1,921

FRANKLIN TEMPLETON4 years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 59-6865210

Indirect Investment Fees

HARRIS4 years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

INVESCO4 years

Service code 52 · EIN 84-0933032

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY4 years

Filed as: JP MORGAN

Service code 52 · EIN 13-3963293

Indirect Investment Fees

MANNING & NAPIER4 years

Service code 52 · EIN 16-1371994

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT4 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

THORNBURG4 years

Service code 52 · EIN 06-1158764

Indirect Investment Fees

WILLIAM BLAIR4 years

Service code 52 · EIN 36-2272155

Indirect Investment Fees

MISSISSIPPI POLYMERS, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MISSISSIPPI POLYMERS, INC. RETIREMENT SAVINGS 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