Retirement plan

NEW CENTURY CUSTOMS BROKER INC. 401(K) PLAN

Name: NEW CENTURY CUSTOMS BROKER INC. - NEW CENTURY CUSTOMS BROKER INC. 401(K) PLAN (2024) Form 5500
Creator: NEW CENTURY CUSTOMS BROKER INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW CENTURY CUSTOMS BROKER INC. 401(K) PLAN, NEW CENTURY CUSTOMS BROKER INC.

NEW CENTURY CUSTOMS BROKER INC.EIN 26-4022798Plan #001PY 2024

267 S SAN GABRIEL BLVD STE A - SAN GABRIEL, CA 91776616-288-9667ncchb.comLinkedIn1-10 employeeslogistics and supply chain

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$513K

+79.4% from 2023

Total participants

+33.3% from 2023

Average account balance

$85,493

+79.4% from 2023

Annual return

38.14%

-7.38 pp from 2023

Benchmarks

See 9,736 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,736 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$513K

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$118K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+38.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$52

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2H2S2T3D

Plan features

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$312

$52 / participant

Other / not subdivided$312100.0%

% of EOY assets

0.061%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,493

$90,614-5.7%

$76,089+12.4%

$145,877-41.4%

Participation rate

66.7%

74.5%-7.8pp

69.1%-2.4pp

80.3%-13.6pp

Annual return

38.14%

623.80%-585.7pp

360.94%-322.8pp

551.28%-513.1pp

Employer contribution / active EE

$5,960

$3,324+79.3%

$2,690+121.6%

$4,663+27.8%

Participant deferral / active EE

$13,717

$5,168+165.4%

$4,259+222.0%

$6,691+105.0%

Admin fee / account holder

$52

$8,376-99.4%

$6,418-99.2%

$13,402-99.6%

NEW CENTURY CUSTOMS BROKER INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW CENTURY CUSTOMS BROKER INC. 401(K) 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