Retirement plan

MISSISSIPPI POLYMERS, INC. RETIREMENT SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES

Name: MISSISSIPPI POLYMERS, INC. - MISSISSIPPI POLYMERS, INC. RETIREMENT SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES (2023) 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 FOR BARGAINING UNIT EMPLOYEES, MISSISSIPPI POLYMERS, INC.

MISSISSIPPI POLYMERS, INC.EIN 75-3095103Plan #002PY 2023

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

Other plans on this EIN

2 filings

#003Retirement-$5.8M assets #001Retirement-$5.5M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$4.8M

+9.6% from 2022

Total participants

109

-14.2% from 2022

Average account balance

$44,369

+27.8% from 2022

Annual return

11.74%

+24.49 pp from 2022

Benchmarks

See 5,447 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,447 peers

Snapshot2023

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 2 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,296
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$959

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

$19 / participant

Recordkeeping$2K100.0%

% of EOY assets

0.037%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NAIL MCKINNEY P.A.
Auditor EIN: 640760834
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,369

$79,961-44.5%

$98,462-54.9%

$75,177-41.0%

Participation rate

100.0%

70.4%+29.6pp

75.2%+24.8pp

67.2%+32.8pp

Annual return

11.74%

19.75%-8.0pp

21.17%-9.4pp

160.75%-149.0pp

Employer contribution / active EE

$1,550

$2,264-31.5%

$3,049-49.2%

$2,671-42.0%

Participant deferral / active EE

$1,753

$3,753-53.3%

$4,738-63.0%

$4,126-57.5%

Admin fee / account holder

$17

$6,842-99.8%

$8,875-99.8%

$5,651-99.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,296

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$959

MISSISSIPPI POLYMERS, INC. RETIREMENT SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MISSISSIPPI POLYMERS, INC. RETIREMENT SAVINGS PLAN FOR BARGAINING UNIT EMPLOYEES

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