Retirement plan

ITOCHU INTERNATIONAL INC. 401(K) SAVINGS PLAN

Name: ITOCHU INTERNATIONAL INC. - ITOCHU INTERNATIONAL INC. 401(K) SAVINGS PLAN (2018) Form 5500
Creator: ITOCHU INTERNATIONAL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ITOCHU INTERNATIONAL INC. 401(K) SAVINGS PLAN, ITOCHU INTERNATIONAL INC.

ITOCHU INTERNATIONAL INC.EIN 13-1850807Plan #002PY 2018

1251 AVENUE OF THE AMERICAS, 51ST FLOOR - NEW YORK, NY 10020212-818-8023itochu.comLinkedIn201-500 employeesinternational trade and development

Other plans on this EIN

1 filing

#003Retirement-$18.5M assets

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed June 27, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$127.5M

-1.9% from 2017

Total participants

1,013

-2.8% from 2017

Average account balance

$152,839

+0.1% from 2017

Annual return

-1.22%

-20.10 pp from 2017

Benchmarks

See 1,274 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,274 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$175.83M

Not enough data

1 years with asset history on file

Average account balance

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

$260K

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.

677

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.

93.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+16.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$591

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 10 of 15 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 49 · EIN 04-1590850	Other Services	$318,838
COHN REZNICK LLP2 years Service code 10 · EIN 22-1478099	Accounting	$55,592
THE CENTURION GROUP, LLC4+ years Service code 27 · EIN 20-8394397	Advisory (Plan)	$52,255
CHERNOFF DIAMOND & CO., LLC4+ years Filed as: CHERNOFF DIAMOND Service code 14 · EIN 11-2836994	Plan Administrator	$7,978
AB FUNDS2 years Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
BLACKROCK2 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
COLUMBIA2 years Service code 52 · EIN 41-1458705	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 13-3963293	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3H2T

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$436K

$608 / participant

Investment mgmt$361K82.8%
Contract admin$11K2.4%
Other / not subdivided$65K14.8%

% of EOY assets

0.342%

all-in expense ratio

Categories reported

2 / 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: COHNREZNICK
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$152,839

$62,267+145.5%

$110,243+38.6%

$55,725+174.3%

Participation rate

75.0%

78.1%-3.1pp

79.8%-4.8pp

70.9%+4.1pp

Annual return

-1.22%

-1.07%-0.2pp

314.76%-316.0pp

244.93%-246.2pp

Employer contribution / active EE

$2,016

$1,941+3.8%

$3,827-47.3%

$2,078-3.0%

Participant deferral / active EE

$6,967

$3,516+98.2%

$4,672+49.1%

$3,356+107.6%

Admin fee / account holder

$522

$121+332.0%

$8,548-93.9%

$115+353.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 49 · EIN 04-1590850

Other Services

$318,838

COHN REZNICK LLP2 years

Service code 10 · EIN 22-1478099

Accounting

$55,592

THE CENTURION GROUP, LLC4+ years

Service code 27 · EIN 20-8394397

Advisory (Plan)

$52,255

CHERNOFF DIAMOND & CO., LLC4+ years

Filed as: CHERNOFF DIAMOND

Service code 14 · EIN 11-2836994

Plan Administrator

$7,978

AB FUNDS2 years

Service code 52 · EIN 13-4071393

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

BLACKROCK2 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

COLUMBIA2 years

Service code 52 · EIN 41-1458705

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 13-3963293

Indirect Investment Fees

ITOCHU INTERNATIONAL INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ITOCHU INTERNATIONAL INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

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