Retirement plan

ASAHI KASEI 401(K) RETIREMENT PLAN

Name: ASAHI KASEI AMERICA, INC. - ASAHI KASEI 401(K) RETIREMENT PLAN (2022) 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 2022

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$203.7M

-16.1% from 2016

Total participants

2,000

-10.4% from 2016

Average account balance

$101,867

-7.6% from 2016

Annual return

-13.39%

-4.87 pp from 2016

Benchmarks

See 900 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort900 peers

Snapshot2022

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 6 by compensation

Provider	Service type	Compensation
CARLSON QUINN8+ years Service code 16 · EIN 94-3210526	Consulting	$106,950
RENAISSANCE1 year Filed as: RENAISSANCE BENEFIT ADVISORS GROUP Service code 27 · EIN 47-1411118	Advisory (Plan)	$105,559
TRANSAMERICA RETIREMENT SOLUTIONS8+ years Service code 12 · EIN 13-3689044	Recordkeeping fees; Float revenue; Pa...	$103,952
THE BANK OF NEW YORK MELLON4 years Filed as: BANK OF MARIN Service code 16 · EIN 47-1411118	Consulting	$27,347
REHMANN ROBSON7 years Service code 10 · EIN 38-3635706	Accounting	$19,250
NATIONAL FINANCIAL SERVICES8+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$34

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$363K

$277 / participant

Investment mgmt$133K36.6%
Contract admin$104K28.6%
Other / not subdivided$126K34.8%

% of EOY assets

0.178%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,867

$95,388+6.8%

$125,401-18.8%

$77,906+30.8%

Participation rate

100.0%

78.6%+21.4pp

82.4%+17.6pp

73.7%+26.3pp

Annual return

-13.39%

116.19%-129.6pp

572.53%-585.9pp

12.16%-25.5pp

Employer contribution / active EE

$7,391

$3,666+101.6%

$4,816+53.5%

$2,846+159.7%

Participant deferral / active EE

$7,834

$7,711+1.6%

$7,448+5.2%

$4,805+63.0%

Admin fee / account holder

$182

$119+52.7%

$10,008-98.2%

$133+36.9%

Provider

Service type

Compensation

CARLSON QUINN8+ years

Service code 16 · EIN 94-3210526

Consulting

$106,950

RENAISSANCE1 year

Filed as: RENAISSANCE BENEFIT ADVISORS GROUP

Service code 27 · EIN 47-1411118

Advisory (Plan)

$105,559

TRANSAMERICA RETIREMENT SOLUTIONS8+ years

Service code 12 · EIN 13-3689044

Recordkeeping fees; Float revenue; Pa...

$103,952

THE BANK OF NEW YORK MELLON4 years

Filed as: BANK OF MARIN

Service code 16 · EIN 47-1411118

Consulting

$27,347

REHMANN ROBSON7 years

Service code 10 · EIN 38-3635706

Accounting

$19,250

NATIONAL FINANCIAL SERVICES8+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

$34

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