Retirement plan

MICHELSEN PACKAGING COMPANY 401K PLAN

Name: MICHELSEN PACKAGING COMPANY - MICHELSEN PACKAGING COMPANY 401K PLAN (2018) Form 5500
Creator: MICHELSEN PACKAGING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHELSEN PACKAGING COMPANY 401K PLAN, MICHELSEN PACKAGING COMPANY

MICHELSEN PACKAGING COMPANYEIN 91-0598777Plan #001PY 2018

202 NORTH 2ND AVENUE - YAKIMA, WA 989020000509-248-6270michelsenpackaging.comLinkedIn11-50 employeespackaging and containers

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$56M

-9.0% from 2017

Total participants

238

+1.7% from 2017

Average account balance

$235,236

-10.5% from 2017

Annual return

-5.44%

-21.14 pp from 2017

Benchmarks

See 1,976 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,976 peers

Snapshot2018

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$78.85M

Not enough data

1 years with asset history on file

Average account balance

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

$292K

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.

270

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+17.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$658

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 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
STIFEL NICOLAUS & CO INC4+ years Filed as: STIFEL NICOLAUS Service code 28 · EIN 43-0538770 501 NORTH BROADWAY · ST LOUIS, MO 631022110	Investment Management	$30,822
MOSS ADAMS LLP4+ years Filed as: MOSS ADAMS Service code 10 · EIN 91-0189318 402 EAST YAKIMA AVENUE STE 110 · YAKIMA, WA 989072650	Accounting	$19,400
ASSOCIATED PENSION CONSULTANTS4+ years Service code 10 · EIN 94-2456320 PO BOX 1282 · CHICO, CA 959270000	Accounting	$15,683
AMERICAN FUNDS3+ years Service code 15 · EIN 95-6817943 PO BOX 6007 · INDIANAPOLIS, IN 462066007	Recordkeeping	$650

Plan features & details

Pension benefit codes2A2E2H2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$69K

$386 / participant

Investment mgmt$34K49.2%
Other / not subdivided$35K50.8%

% of EOY assets

0.123%

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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$235,236

$58,083+305.0%

$80,019+194.0%

$56,287+317.9%

Participation rate

100.0%

73.6%+26.4pp

75.8%+24.2pp

69.9%+30.1pp

Annual return

-5.44%

34.61%-40.1pp

11.22%-16.7pp

-9.96%+4.5pp

Employer contribution / active EE

$14,592

$1,932+655.3%

$2,468+491.3%

$2,111+591.2%

Participant deferral / active EE

$2,222

$3,135-29.1%

$3,686-39.7%

$3,350-33.7%

Admin fee / account holder

$290

$623-53.4%

$6,521-95.6%

$521-44.3%

Provider

Service type

Compensation

STIFEL NICOLAUS & CO INC4+ years

Filed as: STIFEL NICOLAUS

Service code 28 · EIN 43-0538770

501 NORTH BROADWAY · ST LOUIS, MO 631022110

Investment Management

$30,822

MOSS ADAMS LLP4+ years

Filed as: MOSS ADAMS

Service code 10 · EIN 91-0189318

402 EAST YAKIMA AVENUE STE 110 · YAKIMA, WA 989072650

Accounting

$19,400

ASSOCIATED PENSION CONSULTANTS4+ years

Service code 10 · EIN 94-2456320

PO BOX 1282 · CHICO, CA 959270000

Accounting

$15,683

AMERICAN FUNDS3+ years

Service code 15 · EIN 95-6817943

PO BOX 6007 · INDIANAPOLIS, IN 462066007

Recordkeeping

$650

MICHELSEN PACKAGING COMPANY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICHELSEN PACKAGING COMPANY 401K 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