Retirement plan

ITOCHU INTERNATIONAL INC. 401(K) SAVINGS PLAN

Name: ITOCHU INTERNATIONAL INC. - ITOCHU INTERNATIONAL INC. 401(K) SAVINGS PLAN (2023) 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 2023

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-$28.7M assets

Prospect flagsHigh feesFailed to transmit contributions

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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How to read this page

Total assets (EOY)

$163.5M

+10.8% from 2022

Total participants

727

-30.0% from 2022

Average account balance

$233,877

+39.0% from 2022

Annual return

17.65%

+34.98 pp from 2022

Benchmarks

See 1,360 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,360 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO Service code 15 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$252,281
FORVIS MAZARS, LLP1 year Filed as: WEISER LLP Service code 10 60 CROSSWAYS PARK DR W STE 301 · WOODBURY, NY 117979816	Accounting	$87,900
MMA SECURITIES LLC5 years Service code 99 PO BOX 9497 · NEW YORK, NY 10087	Other Fees	$26,000
USI CONSULTING GROUP1 year Filed as: USI CONSULTING GROUP INC Service code 99 95 GLASTONBURY BLVD · GLASTONBURY, CT 06033	Other Fees	$12,652
QDRO CONSULTANTS COMPANY, LLC1 year Service code 16 · EIN 34-1820650 3071 PEARL ROAD · MEDINA, OH 44256	Consulting	$400

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.)
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

$381K

$918 / participant

Recordkeeping$252K66.2%
Investment mgmt$40K10.6%
Other / not subdivided$88K23.2%

% of EOY assets

0.233%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $87,900
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$233,877

$91,372+156.0%

$129,995+79.9%

$74,419+214.3%

Participation rate

93.3%

77.8%+15.5pp

78.5%+14.8pp

70.7%+22.5pp

Annual return

17.65%

23.21%-5.6pp

-137.18%+154.8pp

34.38%-16.7pp

Employer contribution / active EE

$3,541

$2,563+38.1%

$4,320-18.0%

$2,637+34.3%

Participant deferral / active EE

$12,741

$4,721+169.9%

$5,820+118.9%

$4,528+181.4%

Admin fee / account holder

$545

$283+92.3%

$10,614-94.9%

$348+56.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER LIFE & ANNUITY INSURANCE CO

Service code 15 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$252,281

FORVIS MAZARS, LLP1 year

Filed as: WEISER LLP

Service code 10

60 CROSSWAYS PARK DR W STE 301 · WOODBURY, NY 117979816

Accounting

$87,900

MMA SECURITIES LLC5 years

Service code 99

PO BOX 9497 · NEW YORK, NY 10087

Other Fees

$26,000

USI CONSULTING GROUP1 year

Filed as: USI CONSULTING GROUP INC

Service code 99

95 GLASTONBURY BLVD · GLASTONBURY, CT 06033

Other Fees

$12,652

QDRO CONSULTANTS COMPANY, LLC1 year

Service code 16 · EIN 34-1820650

3071 PEARL ROAD · MEDINA, OH 44256

Consulting

$400

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