Retirement plan

TAKASAGO INTERNATIONAL CORP. (USA) 401(K) PLAN

Name: TAKASAGO INTERNATIONAL CORP. (USA) - TAKASAGO INTERNATIONAL CORP. (USA) 401(K) PLAN (2017) Form 5500
Creator: TAKASAGO INTERNATIONAL CORP. (USA)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAKASAGO INTERNATIONAL CORP. (USA) 401(K) PLAN, TAKASAGO INTERNATIONAL CORP. (USA)

TAKASAGO INTERNATIONAL CORP. (USA)EIN 13-2606972Plan #004PY 2017

4 VOLVO DRIVE-P.O. BOX 932 - ROCKLEIGH, NJ 07647201-784-7324LinkedIn51-200 employeeschemicals

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed May 14, 2008

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)

$62.6M

+19.6% from 2016

Total participants

563

+3.3% from 2016

Average account balance

$112,409

+14.7% from 2016

Annual return

16.86%

+9.66 pp from 2016

Benchmarks

See 1,232 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,232 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$119.08M

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

728

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+12.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$579

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 INSURANCE3+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$222,631
LPL FINANCIAL2 years Service code 27 PO BOX 502533 · SAN DIEGO, CA 921502533	Advisory (Plan)	$92,878
PRIME CAPITAL INVESTMENT ADVISORS3+ years Filed as: PRIME PENSIONS, INC Service code 13 25 B VREELAND ROAD, SUITE 209 · FLORHAM PARK, NJ 07932	Contract Administrator	$49,173
IFP ADVISORS INC DBA INDEPENDENT FI1 year Filed as: IFP ADVISORS INC DBA Service code 99 3030 N ROCKY POINT DR, W SUITE 700 · TAMPA, FL 33607	Other Fees	$27,314
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$10,681

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

3 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$235K

$567 / participant

Contract admin$235K100.0%

% of EOY assets

0.375%

all-in expense ratio

Categories reported

1 / 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: GRAMKOW CARNEVALE SEIFERT & CO., LL
Auditor EIN: 223767827
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,409

$71,666+56.9%

$117,861-4.6%

$69,631+61.4%

Participation rate

98.6%

77.5%+21.0pp

79.7%+18.9pp

70.7%+27.9pp

Annual return

16.86%

18.86%-2.0pp

335.11%-318.2pp

27571.02%-27554.2pp

Employer contribution / active EE

$5,214

$1,889+176.0%

$3,786+37.7%

$2,032+156.6%

Participant deferral / active EE

$7,289

$3,340+118.2%

$4,482+62.6%

$3,224+126.1%

Admin fee / account holder

$421

$120+250.2%

$8,021-94.7%

$110+281.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$222,631

LPL FINANCIAL2 years

Service code 27

PO BOX 502533 · SAN DIEGO, CA 921502533

Advisory (Plan)

$92,878

PRIME CAPITAL INVESTMENT ADVISORS3+ years

Filed as: PRIME PENSIONS, INC

Service code 13

25 B VREELAND ROAD, SUITE 209 · FLORHAM PARK, NJ 07932

Contract Administrator

$49,173

IFP ADVISORS INC DBA INDEPENDENT FI1 year

Filed as: IFP ADVISORS INC DBA

Service code 99

3030 N ROCKY POINT DR, W SUITE 700 · TAMPA, FL 33607

Other Fees

$27,314

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$10,681

TAKASAGO INTERNATIONAL CORP. (USA) 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAKASAGO INTERNATIONAL CORP. (USA) 401(K) 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