Retirement plan

ORORA PACKAGING SOLUTIONS PROFIT SHARING AND 401(K) PLAN

Name: ORORA PACKAGING SOLUTIONS - ORORA PACKAGING SOLUTIONS PROFIT SHARING AND 401(K) PLAN (2017) Form 5500
Creator: ORORA PACKAGING SOLUTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORORA PACKAGING SOLUTIONS PROFIT SHARING AND 401(K) PLAN, ORORA PACKAGING SOLUTIONS

ORORA PACKAGING SOLUTIONSEIN 95-1683793Plan #001PY 2017

6600 VALLEY VIEW STREET - BUENA PARK, CA 90620714-562-6000ororapackagingsolutions.comLinkedIn1001-5000 employeespackaging and containers

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed January 25, 2000

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$234.6M

-8.0% from 2017

Total participants

1,961

+9.6% from 2017

Average account balance

$122,946

-12.9% from 2017

Annual return

13.19%

-10.64 pp from 2017

Benchmarks

See 255 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort255 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$304.20M

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

2,208

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+0.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
RUSSELL TRUST COMPANY2+ years Service code 28 · EIN 91-1116938	Investment Management	$756,271
CHURCHILL MANAGEMENT GROUP1 year Filed as: CHURCHILL MANAGEMENT CORPORATION Service code 28 · EIN 95-2472632	Investment Management	$177,098
STATE STREET GLOBAL ADVISORS2+ years Filed as: STATE STREET CORPORATION Service code 19 · EIN 04-1867445	Securities Custodian	$37,682
CHARLES SCHWAB & CO., INC.2+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$21,700
DAVID L. BUCK, CPA1 year Filed as: DAVID L BUCK, CPA Service code 10 · EIN 55-5836659	Accounting	$14,000
ARNOLD & PORTER1 year Filed as: ARNOLD AND PORTER KAYE SCHOLER Service code 29 · EIN 53-0208605	Legal	$11,508
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$2

Plan features & details

Pension benefit codes2E2J2G2S2T3H

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.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$1.0M

$663 / participant

Investment mgmt$971K94.9%
Other / not subdivided$52K5.1%

% of EOY assets

0.436%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,946

$67,228+82.9%

$117,861+4.3%

$77,958+57.7%

Participation rate

96.6%

79.4%+17.2pp

79.7%+16.9pp

71.6%+24.9pp

Annual return

13.19%

19.13%-5.9pp

335.11%-321.9pp

20.87%-7.7pp

Employer contribution / active EE

$1,443

$2,211-34.7%

$3,786-61.9%

$2,310-37.6%

Participant deferral / active EE

$4,644

$3,653+27.1%

$4,482+3.6%

$3,537+31.3%

Admin fee / account holder

$536

$76+607.3%

$8,021-93.3%

$97+450.6%

Provider

Service type

Compensation

RUSSELL TRUST COMPANY2+ years

Service code 28 · EIN 91-1116938

Investment Management

$756,271

CHURCHILL MANAGEMENT GROUP1 year

Filed as: CHURCHILL MANAGEMENT CORPORATION

Service code 28 · EIN 95-2472632

Investment Management

$177,098

STATE STREET GLOBAL ADVISORS2+ years

Filed as: STATE STREET CORPORATION

Service code 19 · EIN 04-1867445

Securities Custodian

$37,682

CHARLES SCHWAB & CO., INC.2+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$21,700

DAVID L. BUCK, CPA1 year

Filed as: DAVID L BUCK, CPA

Service code 10 · EIN 55-5836659

Accounting

$14,000

ARNOLD & PORTER1 year

Filed as: ARNOLD AND PORTER KAYE SCHOLER

Service code 29 · EIN 53-0208605

Legal

$11,508

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

ORORA PACKAGING SOLUTIONS PROFIT SHARING AND 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORORA PACKAGING SOLUTIONS PROFIT SHARING AND 401(K) PLAN

Top hat statement on fileNQDC

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