Retirement plan

ASAHI KASEI 401(K) RETIREMENT PLAN

Name: ASAHI KASEI AMERICA, INC. - ASAHI KASEI 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: ASAHI KASEI AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASAHI KASEI 401(K) RETIREMENT PLAN, ASAHI KASEI AMERICA, INC.

ASAHI KASEI AMERICA, INC.EIN 13-2698638Plan #001PY 2016

800 THIRD AVENUE, 30TH FLOOR - NEW YORK, NY 10022212-371-9900

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$22.2M

-16.1% from 2016

Total participants

269

-10.4% from 2016

Average account balance

$84,469

-7.6% from 2016

Annual return

10.93%

-4.87 pp from 2016

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$293.59M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

1,966

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+16.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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 7 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Recordkeeping fees; Participant commu...	$87,591
CARLSON QUINN2+ years Service code 16 · EIN 94-3210526	Consulting	$28,407
GLOBAL RETIREMENT PARTNERS LLC1 year Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 16 · EIN 47-1411118	Consulting	$17,421
NFP RETIREMENT INC2+ years Filed as: NFP ADVISORY SERVICES Service code 16 · EIN 94-2794194	Consulting	$16,846
REHMANN ROBSON1 year Service code 10 · EIN 38-3567911	Accounting	$13,500
RENAISSANCE1 year Filed as: RENAISSANCE BENEFIT ADVISORS GROUP, Service code 16 · EIN 46-3742164	Consulting	$641
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

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

$174K

$868 / participant

Investment mgmt$35K20.0%
Other / not subdivided$139K80.0%

% of EOY assets

0.785%

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: REHMANN ROBSON LLC
Auditor EIN: 383635706
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,469

$75,183+12.4%

$123,894-31.8%

$55,167+53.1%

Participation rate

97.0%

72.8%+24.2pp

81.4%+15.6pp

69.0%+28.0pp

Annual return

10.93%

19.01%-8.1pp

47.52%-36.6pp

169.23%-158.3pp

Employer contribution / active EE

$4,517

$2,823+60.0%

$4,617-2.2%

$1,963+130.2%

Participant deferral / active EE

$10,367

$5,084+103.9%

$5,984+73.2%

$3,054+239.4%

Admin fee / account holder

$663

$663+0.1%

$8,357-92.1%

$504+31.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Recordkeeping fees; Participant commu...

$87,591

CARLSON QUINN2+ years

Service code 16 · EIN 94-3210526

Consulting

$28,407

GLOBAL RETIREMENT PARTNERS LLC1 year

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 16 · EIN 47-1411118

Consulting

$17,421

NFP RETIREMENT INC2+ years

Filed as: NFP ADVISORY SERVICES

Service code 16 · EIN 94-2794194

Consulting

$16,846

REHMANN ROBSON1 year

Service code 10 · EIN 38-3567911

Accounting

$13,500

RENAISSANCE1 year

Filed as: RENAISSANCE BENEFIT ADVISORS GROUP,

Service code 16 · EIN 46-3742164

Consulting

$641

NATIONAL FINANCIAL SERVICES2+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

ASAHI KASEI 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASAHI KASEI 401(K) RETIREMENT PLAN

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