Retirement plan

MARUBENI GROUP RETIREMENT SAVINGS PLAN

Name: MARUBENI AMERICA CORPORATION - MARUBENI GROUP RETIREMENT SAVINGS PLAN (2023) 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 2023

6207 99TH STREET, 90 PARK AVENUE, 6TH FLOOR - REGO PARK, NY 11374347-749-4527marubeniamerica.comLinkedIn201-500 employeesfinancial services

Prospect flagsLow returnsHigh 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)

$195.6M

+12.3% from 2022

Total participants

1,440

+3.1% from 2022

Average account balance

$139,014

-1.8% from 2022

Annual return

14.87%

+29.90 pp from 2022

Benchmarks

See 1,360 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,360 peers

Snapshot2023

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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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$386,492
FIDUCIENT ADVISORS LLC1 year Service code 99 500 W MADISON ST STE 1700 · CHICAGO, IL 60661	Other Fees	$90,112
COHNREZNICK LLP9+ years Service code 99 1212 AVENUE OF THE AMERICAS · NEW YORK, NY 10036	Other Fees	$79,800
USI CONSULTING GROUP2 years Filed as: USI CONSULTING GROUP INC Service code 10 · EIN 06-1053228	Accounting	$53,676

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D3H2R2T

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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$610K

$669 / participant

Recordkeeping$386K63.4%
Investment mgmt$90K14.8%
Other / not subdivided$133K21.9%

% of EOY assets

0.312%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: COHN REZNICK LLP
Auditor EIN: 221478099
Audit fees: $133,476
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$139,014

$91,372+52.1%

$129,995+6.9%

$74,419+86.8%

Participation rate

96.4%

77.8%+18.6pp

78.5%+17.9pp

70.7%+25.7pp

Annual return

14.87%

23.21%-8.3pp

-137.18%+152.0pp

34.38%-19.5pp

Employer contribution / active EE

$4,074

$2,563+58.9%

$4,320-5.7%

$2,637+54.5%

Participant deferral / active EE

$8,949

$4,721+89.6%

$5,820+53.8%

$4,528+97.6%

Admin fee / account holder

$434

$283+53.0%

$10,614-95.9%

$348+24.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$386,492

FIDUCIENT ADVISORS LLC1 year

Service code 99

500 W MADISON ST STE 1700 · CHICAGO, IL 60661

Other Fees

$90,112

COHNREZNICK LLP9+ years

Service code 99

1212 AVENUE OF THE AMERICAS · NEW YORK, NY 10036

Other Fees

$79,800

USI CONSULTING GROUP2 years

Filed as: USI CONSULTING GROUP INC

Service code 10 · EIN 06-1053228

Accounting

$53,676

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