Retirement plan

MM PACKAGING PRODUCT INC. 401(K) PROFIT SHARING PLAN

Name: MM PACKAGING PRODUCT, INC. - MM PACKAGING PRODUCT INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MM PACKAGING PRODUCT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MM PACKAGING PRODUCT INC. 401(K) PROFIT SHARING PLAN, MM PACKAGING PRODUCT, INC.

MM PACKAGING PRODUCT, INC.EIN 84-1354915Plan #001PY 2024

3915 N GARFIELD AVE - LOVELAND, CO 80538970-203-0393

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.8M

+13.6% from 2023

Total participants

132

+7.3% from 2023

Average account balance

$44,547

+6.6% from 2023

Annual return

12.69%

-3.24 pp from 2023

Benchmarks

See 1,848 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,848 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.84M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

131

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$748K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$358

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
NEXPHASE FINANCIAL5 years Service code 26 1014 PRISM CACTUS CIRCLE · LOVELAND, CO 80537	Advisory (Participants)	$29,197
EPIC RETIREMENT PLAN SERVICES5 years Filed as: RETIREMENT PLAN CONSULTANTS Service code 14 125 S 4TH STREET · NORFOLK, NE 68701	Plan Administrator	$16,371

Plan features & details

Pension benefit codes2E2J2F2G3D3H2T

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$47K

$460 / participant

Investment mgmt$29K62.3%
Contract admin$18K37.7%

% of EOY assets

0.803%

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: HAYNIE & COMPANY
Auditor EIN: 870325228
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,547

$78,562-43.3%

$105,608-57.8%

$74,429-40.1%

Participation rate

99.0%

72.8%+26.2pp

75.3%+23.7pp

67.2%+31.8pp

Annual return

12.69%

15.94%-3.3pp

116.50%-103.8pp

1368.38%-1355.7pp

Employer contribution / active EE

$2,264

$2,521-10.2%

$3,167-28.5%

$2,625-13.7%

Participant deferral / active EE

$5,069

$4,321+17.3%

$5,010+1.2%

$4,348+16.6%

Admin fee / account holder

$358

$2,217-83.9%

$11,028-96.8%

$1,944-81.6%

Provider

Service type

Compensation

NEXPHASE FINANCIAL5 years

Service code 26

1014 PRISM CACTUS CIRCLE · LOVELAND, CO 80537

Advisory (Participants)

$29,197

EPIC RETIREMENT PLAN SERVICES5 years

Filed as: RETIREMENT PLAN CONSULTANTS

Service code 14

125 S 4TH STREET · NORFOLK, NE 68701

Plan Administrator

$16,371

MM PACKAGING PRODUCT INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MM PACKAGING PRODUCT 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