Retirement plan

MARUBENI GROUP RETIREMENT SAVINGS PLAN

Name: MARUBENI AMERICA CORPORATION - MARUBENI GROUP RETIREMENT SAVINGS PLAN (2020) 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 2020

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

Prospect flagsHigh feesFailed to transmit contributionsCorrective 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)

$183.5M

+15.8% from 2019

Total participants

1,227

+0.6% from 2019

Average account balance

$158,018

+14.5% from 2019

Annual return

14.22%

-8.50 pp from 2019

Benchmarks

See 1,266 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,266 peers

Snapshot2020

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 16 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$351,920
USI CONSULTING GROUP1 year Service code 27 · EIN 06-1053228	Advisory (Plan)	$44,916
FIDUCIARY INVESTMENT ADVISORS4 years Filed as: FIDUCIARY INVESTMENT ADVISORS, LLC Service code 16 · EIN 20-4751585	Consulting	$38,573
COHN REZNICK LLP4 years Service code 50 · EIN 22-1478099	Direct Payment	$35,000
DIMEO SCHNEIDER & ASSOCIATES LLC1 year Service code 27 · EIN 36-4001764	Advisory (Plan)	$12,984
CHERNOFF DIAMOND & CO., LLC5 years Filed as: CHERNOFF DIAMOND Service code 17 · EIN 11-2836994	Pension Consulting	$11,482
CHARLES SCHWAB & CO., INC.5 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$3
AMERICAN REALTY ADVISORS4 years Filed as: AMERICAN BEACON Service code 52 · EIN 75-2401150	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
RAYMOND JAMES FINANCIAL SERVICES4 years 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

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

$494K

$577 / participant

Investment mgmt$368K74.5%
Contract admin$28K5.7%
Other / not subdivided$98K19.9%

% of EOY assets

0.269%

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: COHN REZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$158,018

$78,419+101.5%

$133,978+17.9%

$73,412+115.2%

Participation rate

92.3%

78.6%+13.7pp

79.8%+12.4pp

72.2%+20.1pp

Annual return

14.22%

33.35%-19.1pp

45.10%-30.9pp

59.30%-45.1pp

Employer contribution / active EE

$3,785

$2,044+85.2%

$3,919-3.4%

$2,234+69.5%

Participant deferral / active EE

$8,443

$3,925+115.1%

$5,047+67.3%

$3,806+121.8%

Admin fee / account holder

$425

$161+163.6%

$8,930-95.2%

$158+169.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$351,920

USI CONSULTING GROUP1 year

Service code 27 · EIN 06-1053228

Advisory (Plan)

$44,916

FIDUCIARY INVESTMENT ADVISORS4 years

Filed as: FIDUCIARY INVESTMENT ADVISORS, LLC

Service code 16 · EIN 20-4751585

Consulting

$38,573

COHN REZNICK LLP4 years

Service code 50 · EIN 22-1478099

Direct Payment

$35,000

DIMEO SCHNEIDER & ASSOCIATES LLC1 year

Service code 27 · EIN 36-4001764

Advisory (Plan)

$12,984

CHERNOFF DIAMOND & CO., LLC5 years

Filed as: CHERNOFF DIAMOND

Service code 17 · EIN 11-2836994

Pension Consulting

$11,482

CHARLES SCHWAB & CO., INC.5 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

AMERICAN REALTY ADVISORS4 years

Filed as: AMERICAN BEACON

Service code 52 · EIN 75-2401150

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

RAYMOND JAMES FINANCIAL SERVICES4 years

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