Retirement plan

HIKVISION USA INC. 401K PLAN

Name: HIKVISION USA INC. - HIKVISION USA INC. 401K PLAN (2020) Form 5500
Creator: HIKVISION USA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIKVISION USA INC. 401K PLAN, HIKVISION USA INC.

HIKVISION USA INC.EIN 20-8780806Plan #001PY 2020

18639 RAILROAD STREET - CITY OF INDUSTRY, CA 91748909-895-0400hikvision-usa.comLinkedIn1-10 employees

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$15M

+23.4% from 2019

Total participants

327

-3.0% from 2019

Average account balance

$55,404

+30.7% from 2019

Annual return

13.45%

-18.65 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

$16.18M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

175

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.

76.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61

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
INNOVA INSURANCE SOLUTIONS4 years Service code 49 · EIN 46-1969276	Other Services	$0
INTERNATIONAL BENEFIT PLANNERS3 years Service code 13 · EIN 95-4568183	Contract Administrator	$0
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$0

Plan features & details

Pension benefit codes2G2J2K3D

Plan features

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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$33K

$120 / participant

Investment mgmt$29K86.8%
Other / not subdivided$4K13.2%

% of EOY assets

0.223%

all-in expense ratio

Categories reported

1 / 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: THONG, YU, WONG & LEE, LLP
Auditor EIN: 710899369
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,404

$78,419-29.3%

$133,959-58.6%

$73,412-24.5%

Participation rate

79.5%

78.6%+0.9pp

79.8%-0.3pp

72.2%+7.3pp

Annual return

13.45%

33.35%-19.9pp

45.09%-31.6pp

59.30%-45.8pp

Employer contribution / active EE

$3,946

$2,044+93.1%

$3,919+0.7%

$2,234+76.7%

Participant deferral / active EE

$7,731

$3,925+97.0%

$5,047+53.2%

$3,806+103.1%

Admin fee / account holder

$123

$161-23.6%

$8,928-98.6%

$158-21.9%

Provider

Service type

Compensation

INNOVA INSURANCE SOLUTIONS4 years

Service code 49 · EIN 46-1969276

Other Services

INTERNATIONAL BENEFIT PLANNERS3 years

Service code 13 · EIN 95-4568183

Contract Administrator

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

HIKVISION USA INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIKVISION USA INC. 401K 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