Retirement plan

SEDA NORTH AMERICA INC. 401(K) PLAN

Name: SEDA NORTH AMERICA INC. - SEDA NORTH AMERICA INC. 401(K) PLAN (2024) Form 5500
Creator: SEDA NORTH AMERICA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEDA NORTH AMERICA INC. 401(K) PLAN, SEDA NORTH AMERICA INC.

SEDA NORTH AMERICA INC.EIN 80-0654768Plan #001PY 2024

12501 GLOBE DRIVE - MOUNT PLEASANT, WI 53177262-417-1600sedapackaging.comLinkedIn51-200 employeespackaging and containers

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$6.4M

+24.0% from 2023

Total participants

270

-7.2% from 2023

Average account balance

$40,141

+19.4% from 2023

Annual return

17.75%

-0.31 pp from 2023

Benchmarks

See 1,845 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.42M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

160

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.

48.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$832K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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 4 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA INVESTMENT ADVISORS LLC Service code 27 · EIN 30-0588666 200 N PACIFIC COAST HWY STE 1200 · EL SEGUNDO, CA 90245	Advisory (Plan)	$8,609
BLUM SHAPIRO1 year Filed as: CLIFTONLARSON ALLEN, LLP Service code 99 · EIN 41-0746749	Other Fees	$6,133
CREATIVE BENEFIT STRATEGIES1 year Filed as: CREATIVE BENEFIT STRATEGIES, INC. Service code 13 · EIN 34-1815631 10155 BROADVIEW RD. · BROADVIEW HEIGHTS, OH 44147	Contract Administrator	$3,600
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 · EIN 82-4555287 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$3,105

Plan features & details

Pension benefit codes2E2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$20K

$92 / participant

Investment mgmt$9K43.6%
Contract admin$5K25.4%
Other / not subdivided$6K31.0%

% of EOY assets

0.308%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $6,133
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,141

$78,607-48.9%

$105,624-62.0%

$74,478-46.1%

Participation rate

48.8%

72.8%-24.0pp

75.3%-26.4pp

67.2%-18.4pp

Annual return

17.75%

15.96%+1.8pp

116.20%-98.5pp

1370.56%-1352.8pp

Employer contribution / active EE

$1,088

$2,523-56.9%

$3,168-65.7%

$2,626-58.6%

Participant deferral / active EE

$2,784

$4,325-35.6%

$5,013-44.5%

$4,350-36.0%

Admin fee / account holder

$124

$2,220-94.4%

$10,961-98.9%

$1,946-93.7%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA INVESTMENT ADVISORS LLC

Service code 27 · EIN 30-0588666

200 N PACIFIC COAST HWY STE 1200 · EL SEGUNDO, CA 90245

Advisory (Plan)

$8,609

BLUM SHAPIRO1 year

Filed as: CLIFTONLARSON ALLEN, LLP

Service code 99 · EIN 41-0746749

Other Fees

$6,133

CREATIVE BENEFIT STRATEGIES1 year

Filed as: CREATIVE BENEFIT STRATEGIES, INC.

Service code 13 · EIN 34-1815631

10155 BROADVIEW RD. · BROADVIEW HEIGHTS, OH 44147

Contract Administrator

$3,600

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64 · EIN 82-4555287

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$3,105

SEDA NORTH AMERICA INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEDA NORTH AMERICA INC. 401(K) 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