Retirement plan

APPVION, LLC RETIREMENT SAVINGS PLAN

Name: APPVION, LLC - APPVION, LLC RETIREMENT SAVINGS PLAN (2023) 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 2023

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$72.2M

+9.2% from 2022

Total participants

545

-7.0% from 2022

Average account balance

$132,475

+17.2% from 2022

Annual return

17.81%

+33.34 pp from 2022

Benchmarks

See 1,153 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,153 peers

Snapshot2023

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 COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$83,557
INDEPENDENT FINANCIAL2+ years Service code 27 · EIN 87-3597647	Advisory (Plan)	$32,625
INDEPENDENT FINANCIAL2+ years Filed as: INDEPENDENT FINANCIAL PA Service code 27 · EIN 83-0951655	Advisory (Plan)	$10,875

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$127K

$375 / participant

Investment mgmt$43K34.2%
Contract admin$84K65.8%

% of EOY assets

0.176%

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

$132,475

$84,784+56.3%

$98,461+34.5%

$74,460+77.9%

Participation rate

100.0%

81.5%+18.5pp

75.2%+24.8pp

70.7%+29.3pp

Annual return

17.81%

20.59%-2.8pp

21.17%-3.4pp

34.38%-16.6pp

Employer contribution / active EE

$8,410

$3,364+150.0%

$3,049+175.9%

$2,638+218.8%

Participant deferral / active EE

$9,515

$5,218+82.3%

$4,738+100.8%

$4,530+110.0%

Admin fee / account holder

$233

$204+14.0%

$8,961-97.4%

$348-33.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$83,557

INDEPENDENT FINANCIAL2+ years

Service code 27 · EIN 87-3597647

Advisory (Plan)

$32,625

INDEPENDENT FINANCIAL2+ years

Filed as: INDEPENDENT FINANCIAL PA

Service code 27 · EIN 83-0951655

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