Retirement plan

MARUBENI GROUP RETIREMENT SAVINGS PLAN

Name: MARUBENI AMERICA CORPORATION - MARUBENI GROUP RETIREMENT SAVINGS PLAN (2017) Form 5500
Creator: MARUBENI AMERICA CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARUBENI GROUP RETIREMENT SAVINGS PLAN, MARUBENI AMERICA CORPORATION

MARUBENI AMERICA CORPORATIONEIN 13-5643190Plan #334PY 2017

375 LEXINGTON AVE - NEW YORK, NY 10017212-450-0100marubeniamerica.comLinkedIn201-500 employeesfinancial services

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed June 8, 2007

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)

$128.7M

+23.6% from 2016

Total participants

1,408

-0.8% from 2016

Average account balance

$112,632

+22.3% from 2016

Annual return

17.40%

+0.39 pp from 2016

Benchmarks

See 255 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort255 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$222.03M

Not enough data

1 years with asset history on file

Average account balance

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

$160K

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.

1,387

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$182

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 10 of 15 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 33 · EIN 04-1590850	Recordkeeping fees; Investment manage...	$300,905
CHERNOFF DIAMOND & CO., LLC2 years Filed as: CHERNOFF DIAMOND Service code 17 · EIN 11-2836994	Pension Consulting	$40,340
FIDUCIARY INVESTMENT ADVISORS3+ years Service code 27 · EIN 20-4751585	Advisory (Plan)	$35,528
COHN REZNICK LLP1 year Service code 50 · EIN 22-1478099	Direct Payment	$33,750
COHN REZNICK LLP2 years Filed as: COHN REZNICK Service code 16 · EIN 22-1478099	Consulting	$20,000
FIDUCIARY INVESTMENT ADVISORS1 year Filed as: FIDUCIARY INVESTMENT ADVISORS, LLC Service code 16 · EIN 20-4751585	Consulting	$12,214
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB & CO, INC. Service code 59 · EIN 94-1737782	Shareholder Servicing	$305
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: CARILLON FUNDS Service code 52 · EIN 59-2385219	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2R3D3H2S2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$442K

$390 / participant

Investment mgmt$309K69.9%
Contract admin$46K10.4%
Other / not subdivided$87K19.7%

% of EOY assets

0.344%

all-in expense ratio

Categories reported

2 / 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: COHN REZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,632

$67,228+67.5%

$117,861-4.4%

$77,958+44.5%

Participation rate

76.6%

79.4%-2.8pp

79.7%-3.1pp

71.6%+5.0pp

Annual return

17.40%

19.13%-1.7pp

335.11%-317.7pp

20.87%-3.5pp

Employer contribution / active EE

$3,276

$2,211+48.2%

$3,786-13.5%

$2,310+41.8%

Participant deferral / active EE

$5,865

$3,653+60.5%

$4,482+30.8%

$3,537+65.8%

Admin fee / account holder

$387

$76+410.3%

$8,021-95.2%

$97+297.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 33 · EIN 04-1590850

Recordkeeping fees; Investment manage...

$300,905

CHERNOFF DIAMOND & CO., LLC2 years

Filed as: CHERNOFF DIAMOND

Service code 17 · EIN 11-2836994

Pension Consulting

$40,340

FIDUCIARY INVESTMENT ADVISORS3+ years

Service code 27 · EIN 20-4751585

Advisory (Plan)

$35,528

COHN REZNICK LLP1 year

Service code 50 · EIN 22-1478099

Direct Payment

$33,750

COHN REZNICK LLP2 years

Filed as: COHN REZNICK

Service code 16 · EIN 22-1478099

Consulting

$20,000

FIDUCIARY INVESTMENT ADVISORS1 year

Filed as: FIDUCIARY INVESTMENT ADVISORS, LLC

Service code 16 · EIN 20-4751585

Consulting

$12,214

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 59 · EIN 94-1737782

Shareholder Servicing

$305

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: CARILLON FUNDS

Service code 52 · EIN 59-2385219

Indirect Investment Fees

MARUBENI GROUP RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARUBENI GROUP RETIREMENT 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