Retirement plan

APPVION, LLC RETIREMENT SAVINGS PLAN

Name: APPVION, LLC - APPVION, LLC RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: APPVION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APPVION, LLC RETIREMENT SAVINGS PLAN, APPVION, LLC

APPVION, LLCEIN 87-3735970Plan #001PY 2022

PO BOX 359 - APPLETON, WI 549120359920-991-8466appvion.comLinkedIn201-500 employeespaper & forest products

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$66.1M

No prior year

Total participants

586

No prior year

Average account balance

$113,004

No prior year

Annual return

-15.52%

No prior year

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$76.33M

Not enough data

1 years with asset history on file

Average account balance

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

$153K

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.

500

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$154

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$87,662
INDEPENDENT FINANCIAL1+ years Filed as: INDEPENDENT FINANCIAL PA Service code 27 · EIN 83-0951655	Advisory (Plan)	$32,625
INDEPENDENT FINANCIAL1+ years Service code 27 · EIN 87-3735970	Advisory (Plan)	$10,875

Plan features & details

Pension benefit codes2E2G2J2K2S2T3H

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.
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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$131K

$376 / participant

Investment mgmt$43K33.2%
Contract admin$88K66.8%

% of EOY assets

0.198%

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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,004

$81,948+37.9%

$90,760+24.5%

$64,819+74.3%

Participation rate

99.7%

80.5%+19.3pp

75.7%+24.0pp

71.5%+28.2pp

Annual return

-15.52%

-12.53%-3.0pp

-12.16%-3.4pp

32.84%-48.4pp

Employer contribution / active EE

$8,019

$3,067+161.4%

$2,922+174.5%

$2,507+219.9%

Participant deferral / active EE

$9,062

$4,844+87.1%

$4,565+98.5%

$4,311+110.2%

Admin fee / account holder

$224

$157+42.7%

$8,444-97.3%

$188+19.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$87,662

INDEPENDENT FINANCIAL1+ years

Filed as: INDEPENDENT FINANCIAL PA

Service code 27 · EIN 83-0951655

Advisory (Plan)

$32,625

INDEPENDENT FINANCIAL1+ years

Service code 27 · EIN 87-3735970

Advisory (Plan)

$10,875

APPVION, LLC RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APPVION, LLC 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