Retirement plan

SOJITZ GROUP 401(K) PLAN

Name: SOJITZ CORPORATION OF AMERICA - SOJITZ GROUP 401(K) PLAN (2023) Form 5500
Creator: SOJITZ CORPORATION OF AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOJITZ GROUP 401(K) PLAN, SOJITZ CORPORATION OF AMERICA

SOJITZ CORPORATION OF AMERICAEIN 13-5610360Plan #002PY 2023

1120 AVENUE OF THE AMERICAS, 7TH FLOOR - NEW YORK, NY 10036212-704-6927sojitzamericas.comLinkedIn501-1000 employeesinternational trade and development

Other plans on this EIN

2 filings

#001Retirement-$12.9M assets #003Retirement-$10.3M assets

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$84.7M

+11.9% from 2022

Total participants

460

-6.7% from 2022

Average account balance

$210,138

+17.7% from 2022

Annual return

18.37%

-34.76 pp from 2022

Benchmarks

See 1,359 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,359 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$96.22M

Not enough data

1 years with asset history on file

Average account balance

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

$229K

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.

421

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$258

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC7 years Service code 27 · EIN 13-2638166	Advisory (Plan)	$109,990
BENCIVENGA WARD & COMPANY CPAS PC1 year Filed as: BENCIVENGA WARD & COMPANY, CPAS, P Service code 10 · EIN 13-3274930	Accounting	$47,632
FIDELITY INVESTMENTS INSTITUTIONAL7 years Service code 37 · EIN 04-2647786	Loan Processing	$17,850
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$12,164

Plan features & details

Pension benefit codes2F2G2J2K2T3H2E3D

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.
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.
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

$188K

$603 / participant

Recordkeeping$18K9.5%
Investment mgmt$122K65.1%
Other / not subdivided$48K25.4%

% of EOY assets

0.222%

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: MCKONLY & ASBURY LLP
Auditor EIN: 231909723
Audit fees: $47,632
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$210,138

$91,406+129.9%

$130,062+61.6%

$74,473+182.2%

Participation rate

81.7%

77.8%+3.9pp

78.5%+3.2pp

70.7%+10.9pp

Annual return

18.37%

23.21%-4.8pp

-137.37%+155.7pp

34.36%-16.0pp

Employer contribution / active EE

$4,568

$2,565+78.1%

$4,322+5.7%

$2,638+73.2%

Participant deferral / active EE

$9,789

$4,724+107.2%

$5,821+68.2%

$4,530+116.1%

Admin fee / account holder

$466

$283+64.3%

$10,601-95.6%

$347+34.2%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC7 years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$109,990

BENCIVENGA WARD & COMPANY CPAS PC1 year

Filed as: BENCIVENGA WARD & COMPANY, CPAS, P

Service code 10 · EIN 13-3274930

Accounting

$47,632

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Service code 37 · EIN 04-2647786

Loan Processing

$17,850

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$12,164

SOJITZ GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOJITZ GROUP 401(K) 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