Retirement plan

PAKLAB 401(K) RETIREMENT PLAN

Name: UNIVERSAL PACKAGING SYSTEMS, INC. D/B/A PAKLAB - PAKLAB 401(K) RETIREMENT PLAN (2018) Form 5500
Creator: UNIVERSAL PACKAGING SYSTEMS, INC. D/B/A PAKLAB
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAKLAB 401(K) RETIREMENT PLAN, UNIVERSAL PACKAGING SYSTEMS, INC. D/B/A PAKLAB

UNIVERSAL PACKAGING SYSTEMS, INC. D/B/A PAKLABEIN 95-4109799Plan #001PY 2018

380 TOWNLINE ROAD, SUITE 130 - HAUPPAGE, NY 11788631-543-2277upiweb.comLinkedIn51-200 employeespharmaceuticals

Prospect flagsLow assets / participantLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.7M

-12.3% from 2017

Total participants

506

-6.3% from 2017

Average account balance

$17,643

-9.9% from 2017

Annual return

-4.20%

-17.07 pp from 2017

Benchmarks

See 1,154 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,154 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.78M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

435

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.

85.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$676K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$182

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 5 by compensation

Provider	Service type	Compensation
RETIREMENT STRATEGIES, INC.4+ years Service code 15 · EIN 58-2380163	Recordkeeping	$10,484
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$10,164
PORTER & HUNT, LLP2 years Filed as: PORTER & HUNT LLP Service code 10 · EIN 26-0526155	Accounting	$7,507
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH Service code 22 · EIN 13-2808480	Insurance Broker	$3,828
MESIROW FINANCIAL INVESTMENT MANAGE4+ years Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$1,626

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$31K

$109 / participant

Other / not subdivided$31K100.0%

% of EOY assets

0.408%

all-in expense ratio

Categories reported

0 / 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: PORTER & HUNT, LLP
Auditor EIN: 260526155
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,643

$65,223-72.9%

$80,022-78.0%

$55,725-68.3%

Participation rate

75.8%

80.6%-4.8pp

75.8%-0.1pp

70.9%+4.9pp

Annual return

-4.20%

7.59%-11.8pp

11.22%-15.4pp

244.93%-249.1pp

Employer contribution / active EE

$193

$2,544-92.4%

$2,468-92.2%

$2,078-90.7%

Participant deferral / active EE

$2,171

$3,881-44.1%

$3,686-41.1%

$3,356-35.3%

Admin fee / account holder

$72

$114-36.9%

$6,521-98.9%

$115-37.5%

Provider

Service type

Compensation

RETIREMENT STRATEGIES, INC.4+ years

Service code 15 · EIN 58-2380163

Recordkeeping

$10,484

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$10,164

PORTER & HUNT, LLP2 years

Filed as: PORTER & HUNT LLP

Service code 10 · EIN 26-0526155

Accounting

$7,507

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH

Service code 22 · EIN 13-2808480

Insurance Broker

$3,828

MESIROW FINANCIAL INVESTMENT MANAGE4+ years

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$1,626

PAKLAB 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAKLAB 401(K) RETIREMENT 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