Retirement plan

BERRY METAL COMPANY EFFICIENCY PROFIT SHARING PLAN FOR HOURLY EMPLOYEES

Name: NEW BERRY, INC. DBA BERRY METAL COMPANY - BERRY METAL COMPANY EFFICIENCY PROFIT SHARING PLAN FOR HOURLY EMPLOYEES (2017) Form 5500
Creator: NEW BERRY, INC. DBA BERRY METAL COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERRY METAL COMPANY EFFICIENCY PROFIT SHARING PLAN FOR HOURLY EMPLOYEES, NEW BERRY, INC. DBA BERRY METAL COMPANY

NEW BERRY, INC. DBA BERRY METAL COMPANYEIN 95-3874582Plan #139PY 2017

2408 EVANS CITY ROAD - HARMONY, PA 16037724-453-1653

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2.2M

-1.3% from 2016

Total participants

+11.1% from 2016

Average account balance

$51,273

+3.4% from 2016

Annual return

12.65%

+8.20 pp from 2016

Benchmarks

See 14,968 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,968 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.08M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

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.

194.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$182K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+7.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11148

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

0 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 codes2E2F2G2J2T3D3H

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).
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.
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.
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

2 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$427K

$12545 / participant

Other / not subdivided$427K100.0%

% of EOY assets

19.807%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,273

$67,602-24.2%

$82,312-37.7%

$70,126-26.9%

Participation rate

76.5%

72.8%+3.7pp

76.9%-0.4pp

69.5%+6.9pp

Annual return

12.65%

21.57%-8.9pp

25.88%-13.2pp

73.15%-60.5pp

Employer contribution / active EE

$2,731

$1,755+55.6%

$2,428+12.4%

$2,343+16.6%

Participant deferral / active EE

$875

$2,987-70.7%

$3,706-76.4%

$3,332-73.8%

Admin fee / account holder

$10,155

$4,512+125.1%

$5,608+81.1%

$4,645+118.6%

BERRY METAL COMPANY EFFICIENCY PROFIT SHARING PLAN FOR HOURLY EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERRY METAL COMPANY EFFICIENCY PROFIT SHARING PLAN FOR HOURLY EMPLOYEES

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