Retirement plan

HUAHAI US INC 401(K) P/S PLAN

Name: HUAHAI US INC - HUAHAI US INC 401(K) P/S PLAN (2023) 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 2023

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$14.9M

+15.4% from 2022

Total participants

252

-4.9% from 2022

Average account balance

$67,825

+18.6% from 2022

Annual return

17.96%

+34.25 pp from 2022

Benchmarks

See 2,346 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,346 peers

Snapshot2023

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 2 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK3 years Service code 27 · EIN 04-2675571	Advisory (Plan)	$27,723
NATIONWIDE3 years Service code 26 · EIN 31-4156830	Advisory (Participants)	$21,411

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$33K

$193 / participant

Investment mgmt$28K86.1%
Contract admin$5K13.9%

% of EOY assets

0.221%

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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,825

$83,045-18.3%

$130,045-47.8%

$71,511-5.2%

Participation rate

80.6%

74.1%+6.5pp

78.5%+2.1pp

67.9%+12.7pp

Annual return

17.96%

20.61%-2.6pp

-137.30%+155.3pp

28.86%-10.9pp

Employer contribution / active EE

$3,194

$2,623+21.8%

$4,321-26.1%

$2,589+23.4%

Participant deferral / active EE

$8,176

$4,436+84.3%

$5,820+40.5%

$4,291+90.6%

Admin fee / account holder

$150

$1,727-91.3%

$10,600-98.6%

$1,588-90.6%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK3 years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$27,723

NATIONWIDE3 years

Service code 26 · EIN 31-4156830

Advisory (Participants)

$21,411

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