Retirement plan

PORT TOWNSEND PAPER CORP. RETIREMENT SAVINGS AND INVESTMENT PLAN AND TRUST

Name: PORT TOWNSEND PAPER CORPORATION - PORT TOWNSEND PAPER CORP. RETIREMENT SAVINGS AND INVESTMENT PLAN AND TRUST (2024) Form 5500
Creator: PORT TOWNSEND PAPER CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PORT TOWNSEND PAPER CORP. RETIREMENT SAVINGS AND INVESTMENT PLAN AND TRUST, PORT TOWNSEND PAPER CORPORATION

PORT TOWNSEND PAPER CORPORATIONEIN 91-1226624Plan #002PY 2024

P.O. BOX 3170 - PORT TOWNSEND, WA 98368360-385-3170

Other plans on this EIN

1 filing

#001Retirement-$63K assets

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$63.9M

+1.4% from 2023

Total participants

433

-14.4% from 2023

Average account balance

$168,139

+5.4% from 2023

Annual return

12.84%

-4.30 pp from 2023

Benchmarks

See 1,157 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,157 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$63.89M

Not enough data

1 years with asset history on file

Average account balance

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

$168K

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.

380

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.

82.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+12.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$356

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 4 by compensation

Provider	Service type	Compensation
NORTHWEST PLAN SERVICES, INC.3 years Filed as: NORTHWEST PLAN SERVICES Service code 15 · EIN 91-2090931	Recordkeeping	$47,467
SMITH BUNDAY BERMAN BRITTON, P.S.1 year Filed as: SMITH BUNDAY PERMAN BRITTON, P.S. Service code 10 · EIN 91-1275259	Accounting	$34,259
MATRIX TRUST COMPANY5 years Service code 19 · EIN 75-3182674	Securities Custodian	$27,653
LUCID ADVISORS, INC.10+ years Service code 26 · EIN 91-2050140	Advisory (Participants)	$26,000

Plan features & details

Pension benefit codes2E2F2H2J2K3H

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).
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$135K

$442 / participant

Recordkeeping$47K35.1%
Trustee / custodial$28K20.4%
Investment mgmt$26K19.2%
Other / not subdivided$34K25.3%

% of EOY assets

0.212%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH BUNDAY BERMAN BRITTON, P.S.
Auditor EIN: 911275259
Audit fees: $34,259
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$168,139

$92,186+82.4%

$105,624+59.2%

$77,762+116.2%

Participation rate

82.7%

81.0%+1.6pp

75.3%+7.4pp

70.6%+12.1pp

Annual return

12.84%

17.83%-5.0pp

116.20%-103.4pp

31.27%-18.4pp

Employer contribution / active EE

$6,092

$3,376+80.5%

$3,168+92.3%

$2,728+123.3%

Participant deferral / active EE

$7,384

$5,395+36.9%

$5,013+47.3%

$4,651+58.8%

Admin fee / account holder

$356

$219+62.6%

$10,961-96.7%

$433-17.7%

Provider

Service type

Compensation

NORTHWEST PLAN SERVICES, INC.3 years

Filed as: NORTHWEST PLAN SERVICES

Service code 15 · EIN 91-2090931

Recordkeeping

$47,467

SMITH BUNDAY BERMAN BRITTON, P.S.1 year

Filed as: SMITH BUNDAY PERMAN BRITTON, P.S.

Service code 10 · EIN 91-1275259

Accounting

$34,259

MATRIX TRUST COMPANY5 years

Service code 19 · EIN 75-3182674

Securities Custodian

$27,653

LUCID ADVISORS, INC.10+ years

Service code 26 · EIN 91-2050140

Advisory (Participants)

$26,000

PORT TOWNSEND PAPER CORP. RETIREMENT SAVINGS AND INVESTMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PORT TOWNSEND PAPER CORP. RETIREMENT SAVINGS AND INVESTMENT PLAN AND TRUST

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