Retirement plan

PELLA MID-ATLANTIC, INC. 401(K) PROFIT SHARING PLAN

Name: PELLA MID-ATLANTIC INC. - PELLA MID-ATLANTIC, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: PELLA MID-ATLANTIC INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PELLA MID-ATLANTIC, INC. 401(K) PROFIT SHARING PLAN, PELLA MID-ATLANTIC INC.

PELLA MID-ATLANTIC INC.EIN 83-1224745Plan #002PY 2021

12100 BALTIMORE AVE STE 1 - BELTSVILLE, MD 207051374301-957-7005pellamidatlantic.comLinkedIn201-500 employeesbuilding materials

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$18.8M

+11.1% from 2020

Total participants

285

+13.1% from 2020

Average account balance

$68,531

-1.1% from 2020

Annual return

10.26%

-1.44 pp from 2020

Benchmarks

See 2,172 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,172 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$22.07M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

227

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.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$385

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

See the 7-year trajectory. $4.99 for your first month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$75,520
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS FIN NETWORK Service code 27 · EIN 48-1305000	Advisory (Plan)	$43,153
BENEFIT AUDIT GROUP, LLC2 years Service code 10 · EIN 26-2404897	Accounting	$9,100

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$76K

$343 / participant

Contract admin$76K100.0%

% of EOY assets

0.402%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BENEFIT AUDIT GROUP, LLC
Auditor EIN: 262404897
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,531

$59,263+15.6%

$96,562-29.0%

$79,386-13.7%

Participation rate

95.0%

61.9%+33.1pp

69.8%+25.2pp

70.7%+24.3pp

Annual return

10.26%

27.07%-16.8pp

37.78%-27.5pp

116.85%-106.6pp

Employer contribution / active EE

$480

$1,216-60.5%

$2,356-79.6%

$2,427-80.2%

Participant deferral / active EE

$5,338

$2,948+81.1%

$3,849+38.7%

$4,046+32.0%

Admin fee / account holder

$276

$658-58.1%

$6,181-95.5%

$626-56.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$75,520

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO ADVISORS FIN NETWORK

Service code 27 · EIN 48-1305000

Advisory (Plan)

$43,153

BENEFIT AUDIT GROUP, LLC2 years

Service code 10 · EIN 26-2404897

Accounting

$9,100

PELLA MID-ATLANTIC, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PELLA MID-ATLANTIC, INC. 401(K) PROFIT SHARING 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