Retirement plan

CHEYENNE INTERNATIONAL L L C 401(K) PROFIT SHARING PLAN & TRUST

Name: CHEYENNE INTERNATIONAL L L C - CHEYENNE INTERNATIONAL L L C 401(K) PROFIT SHARING PLAN & TRUST (2023) Form 5500
Creator: CHEYENNE INTERNATIONAL L L C
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHEYENNE INTERNATIONAL L L C 401(K) PROFIT SHARING PLAN & TRUST, CHEYENNE INTERNATIONAL L L C

CHEYENNE INTERNATIONAL L L CEIN 01-0731357Plan #001PY 2023

701 S BATTLEGROUND AVE STE 24 - GROVER, NC 280739542704-367-5060cheyenneintl.comLinkedIn51-200 employeestobacco

Prospect flagsHigh feesHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.6M

+19.9% from 2022

Total participants

190

+1.6% from 2022

Average account balance

$51,624

+23.5% from 2022

Annual return

14.00%

+27.27 pp from 2022

Benchmarks

See 938 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort938 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.21M

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.

171

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.

83.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$353

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

Top 3 by compensation

Provider	Service type	Compensation
WEALTH MANAGEMENT SYSTEMS INC2 years Filed as: WEALTH ENHANCEMENT ADVISORY SERVICE Service code 13 · EIN 41-2016508 505 N HWY 169 · PLYMOUTH, MN 55441	Contract Administrator	$26,366
PAYCHEX, INC.6 years Service code 13 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Contract Administrator	$16,213
ERISA FIDUCIARY SERVICES, INC.1 year Service code 13 · EIN 47-1637791 1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788	Contract Administrator	$7,210

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$50K

$295 / participant

Trustee / custodial$8601.7%
Investment mgmt$26K52.3%
Contract admin$23K46.0%

% of EOY assets

0.589%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,624

$56,438-8.5%

$76,902-32.9%

$71,529-27.8%

Participation rate

86.0%

64.3%+21.7pp

69.6%+16.4pp

67.9%+18.0pp

Annual return

14.00%

19.05%-5.0pp

37.91%-23.9pp

28.97%-15.0pp

Employer contribution / active EE

$3,261

$1,864+75.0%

$2,534+28.7%

$2,590+25.9%

Participant deferral / active EE

$4,456

$3,136+42.1%

$3,833+16.2%

$4,291+3.8%

Admin fee / account holder

$304

$1,430-78.7%

$5,479-94.5%

$1,588-80.9%

Provider

Service type

Compensation

WEALTH MANAGEMENT SYSTEMS INC2 years

Filed as: WEALTH ENHANCEMENT ADVISORY SERVICE

Service code 13 · EIN 41-2016508

505 N HWY 169 · PLYMOUTH, MN 55441

Contract Administrator

$26,366

PAYCHEX, INC.6 years

Service code 13 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Contract Administrator

$16,213

ERISA FIDUCIARY SERVICES, INC.1 year

Service code 13 · EIN 47-1637791

1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788

Contract Administrator

$7,210

CHEYENNE INTERNATIONAL L L C 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHEYENNE INTERNATIONAL L L C 401(K) PROFIT SHARING PLAN & TRUST

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