Retirement plan

TONY'S EXPRESS, INC. & ECONOMY PACKAGING, INC. 401(K) PLAN

Name: TONY'S EXPRESS, INC. & ECONOMY PACKAGING, INC. - TONY'S EXPRESS, INC. & ECONOMY PACKAGING, INC. 401(K) PLAN (2021) Form 5500
Creator: TONY'S EXPRESS, INC. & ECONOMY PACKAGING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TONY'S EXPRESS, INC. & ECONOMY PACKAGING, INC. 401(K) PLAN, TONY'S EXPRESS, INC. & ECONOMY PACKAGING, INC.

TONY'S EXPRESS, INC. & ECONOMY PACKAGING, INC.EIN 95-2392469Plan #001PY 2021

10613 JASMINE STREET - FONTANA, CA 92337909-427-8700LinkedIn51-200 employeespackage/freight delivery

Other plans on this EIN

1 filing

#002Retirement-$4.6M assets

Prospect flagsLow participant contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$7.5M

-1.9% from 2020

Total participants

237

-2.1% from 2020

Average account balance

$40,258

-96.3% from 2020

Annual return

12.59%

-4.38 pp from 2020

Benchmarks

See 1,069 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,069 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.79M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

135

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$108

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2D2E2H2J3D

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$2K

$11 / participant

Investment mgmt$2K100.0%

% of EOY assets

0.025%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VORBECK CARLIN & SHATS LLP
Auditor EIN: 954836113
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,258

$60,788-33.8%

$85,709-53.0%

$79,391-49.3%

Participation rate

72.4%

62.1%+10.3pp

69.9%+2.5pp

70.7%+1.7pp

Annual return

12.59%

16.57%-4.0pp

21.49%-8.9pp

116.88%-104.3pp

Employer contribution / active EE

$1,664-100.0%

$2,619-100.0%

$2,428-100.0%

Participant deferral / active EE

$650

$2,920-77.8%

$3,924-83.4%

$4,046-83.9%

Admin fee / account holder

$10

$439-97.7%

$6,876-99.9%

$627-98.4%

TONY'S EXPRESS, INC. & ECONOMY PACKAGING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TONY'S EXPRESS, INC. & ECONOMY PACKAGING, INC. 401(K) 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