Retirement plan

HUAHAI US INC 401(K) P/S PLAN

Name: HUAHAI US INC - HUAHAI US INC 401(K) P/S PLAN (2024) Form 5500
Creator: HUAHAI US INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUAHAI US INC 401(K) P/S PLAN, HUAHAI US INC

HUAHAI US INCEIN 20-1525423Plan #001PY 2024

700 ATRIUM DR STE C - SOMERSET, NJ 08873609-655-1688LinkedIn11-50 employeespharmaceuticals

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$16.9M

+13.5% from 2023

Total participants

278

+10.3% from 2023

Average account balance

$72,370

+6.7% from 2023

Annual return

14.85%

-3.11 pp from 2023

Benchmarks

See 2,349 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,349 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.86M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

233

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.

72.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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 3 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK4 years Service code 27 · EIN 04-2675571	Advisory (Plan)	$32,641
NATIONWIDE4 years Service code 26 · EIN 31-4156830	Advisory (Participants)	$25,025
PLANNED FINANCIAL PROGRAMS1 year Service code 10 · EIN 22-1914735	Accounting	$5,025

Plan features & details

Pension benefit codes2G3D2F2E2J2K3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$47K

$289 / participant

Recordkeeping$5K11.6%
Investment mgmt$33K69.2%
Other / not subdivided$9K19.2%

% of EOY assets

0.280%

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: TROPEANO & MCGRADY, P.C.
Auditor EIN: 223204210
Audit fees: $9,081
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,370

$88,137-17.9%

$164,975-56.1%

$74,429-2.8%

Participation rate

72.4%

73.1%-0.7pp

78.6%-6.2pp

67.2%+5.2pp

Annual return

14.85%

17.13%-2.3pp

70.12%-55.3pp

1368.38%-1353.5pp

Employer contribution / active EE

$3,155

$2,597+21.5%

$4,343-27.4%

$2,625+20.2%

Participant deferral / active EE

$8,311

$4,501+84.7%

$6,033+37.7%

$4,348+91.1%

Admin fee / account holder

$202

$2,231-90.9%

$12,688-98.4%

$1,944-89.6%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK4 years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$32,641

NATIONWIDE4 years

Service code 26 · EIN 31-4156830

Advisory (Participants)

$25,025

PLANNED FINANCIAL PROGRAMS1 year

Service code 10 · EIN 22-1914735

Accounting

$5,025

HUAHAI US INC 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUAHAI US INC 401(K) P/S 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