Washington › Agriculture, forestry, fishing and hunting › 250 to 499 participants
Form 5500 statement · plan year 1 Oct 2024 to 30 Sep 2025
Schenk Packing Co., Inc. Money Purchase Pension Plan
Sponsored by Schenk Packing Co., Inc., Stanwood, WA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Schenk Packing Co., Inc. of Stanwood, Washington sponsors Schenk Packing Co., Inc. Money Purchase Pension Plan, a money purchase plan. Its Form 5500 for the plan year ending 30 Sep 2025 shows 377 participants (229 active) and $7.7M in net assets.
Net assets came to $20,360 per participant, well below the $48,746 median for defined contribution plans with 250 to 499 participants and well below the $42,336 median for defined contribution plans in agriculture, forestry, fishing and hunting. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $306K during the year, or $1,334 per active participant against a same-size median of $2,017; participants contributed —. Benefits paid out totalled $653K.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $23K: $61.42 per participant, well below the same-size median of $141. Administrative expenses charged to the plan were $23K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $2.9M in 2013 to $7.7M in 2024 (up 165%), and participants from 170 to 377 (up 122%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $20,360 | $48,746 | $42,336 | $53,102 |
| Employer contributions per active participant | $1,334 | $2,017 | $1,701 | $2,175 |
| Schedule C compensation per participant | $61.42 | $141 | $112 | $123 |
| Schedule C compensation, share of net assets | 0.30% | 0.30% | 0.32% | 0.26% |
| Administrative expenses per participant | $61.47 | $133 | $116 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), agriculture, forestry, fishing and hunting (647) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 377 | $7.7M | $20,361 | $306K | — | $23K |
| 2023 | 384 | $7.3M | $18,966 | $322K | — | $22K |
| 2022 | 396 | $5.9M | $15,000 | $332K | — | $21K |
| 2021 | 335 | $4.9M | $14,707 | $300K | — | $30K |
| 2020 | 290 | $5.8M | $19,903 | $282K | — | $27K |
| 2019 | 269 | $4.7M | $17,494 | $268K | — | $19K |
| 2018 | 254 | $4.6M | $17,941 | $260K | — | $18K |
| 2017 | 247 | $4.2M | $17,190 | $266K | — | $22K |
| 2016 | 238 | $3.8M | $15,807 | $248K | — | $20K |
| 2015 | 213 | $3.2M | $15,061 | $228K | — | $18K |
| 2014 | 189 | $2.9M | $15,085 | $176K | — | $17K |
| 2013 | 170 | $2.9M | $17,018 | $165K | — | $26K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$7,283,016
- Employer contributions$305,508
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$305,508
- Total income, including investment results$1,069,141
- Benefits paid$653,278
- Administrative expenses$23,176
- Total expenses$676,454
- Net income$392,687
- Net transfers$0
- Net assets, end of year$7,675,703
Participants
- Active participants229
- Retired or separated, receiving benefits1
- Retired or separated, entitled to future benefits147
- Participants with account balances377
- Total participants, end of year377
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| UBS Financial Services | Investment advisory (plan); Investment management | $23,156 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$22,956
- Trustee and custodial fees$200
- Other administrative expenses$20
- Total administrative expenses$23,176
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$3.3M · 42.8%
- Corporate stocks$3.2M · 41.9%
- Cash (interest and non-interest bearing)$1.1M · 14.9%
- Receivables$28K · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCliftonLarsonAllen LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2CMoney purchase (other than target benefit) plan3DPre-approved pension plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 115210: Support Activities for Animal Production.
Similar plans in Washington
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Columbia Reach Pack 401(k) Profit Sharing Plan | Chiawana, Inc. DBA Columbia Reach Pack | 379 | $4.0M | $10,475 |
| Lifeport 401(k) Plan | Tac Lifeport Holdings, LLC | 345 | $18.6M | $53,993 |
| Arctic Storm Inc. Retirement Savings 401(k) Plan and Trust | Arctic Storm, Inc. | 427 | $32.8M | $76,733 |
| Ocean Peace, Inc. 401(k) Employee Savings Plan | US Marine Corporation | 331 | $13.7M | $41,248 |
| Glacier Fish Company, LLC 401(k) Savings Plan | Glacier Fish Company, LLC | 479 | $47.3M | $98,742 |
| Co-Op 401(k) Plan | Skagit Farmers Supply | 317 | $30.9M | $97,597 |
Defined contribution plans in agriculture, forestry, fishing and hunting closest in size.
Questions and answers
How big is Schenk Packing Co., Inc. Money Purchase Pension Plan?
377 participants at the end of the plan year ending 30 Sep 2025, of whom 229 were active employees, with net assets of $7,675,703. Among defined contribution plans that places it in the 250 to 499 participants band, which held 17,456 plans in plan year 2024.
What does Schenk Packing Co., Inc. contribute per participant?
The filing reports $305,508 in employer contributions for the year, which is $1,334 per active participant; the median for plans of the same type and size was $2,017 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $23,156 in compensation to service provider organisations, $61.42 per participant or 0.30% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $23,176. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Schenk Packing Co., Inc.. Investment advisory or management: UBS Financial Services. The financial statements were audited by CliftonLarsonAllen LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Oct 2024 to 30 Sep 2025, received by the Department of Labor on 20 Apr 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 91-0923503, plan 001, received 20 Apr 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.