Retirement plan

CIP INTERNATIONAL INC 401(K) PROFIT SHARING PLAN AND TRUST

Name: CIP INTERNATIONAL INC - CIP INTERNATIONAL INC 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: CIP INTERNATIONAL INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CIP INTERNATIONAL INC 401(K) PROFIT SHARING PLAN AND TRUST, CIP INTERNATIONAL INC

CIP INTERNATIONAL INCEIN 31-0870232Plan #002PY 2022

9575 LE SAINT DR. - FAIRFIELD, OH 45014513-874-9925

Prospect flagsHigh cashLow participation

How to read this page

Total assets (EOY)

$5.1M

-16.7% from 2021

Total participants

118

+12.4% from 2021

Average account balance

$61,406

+2.4% from 2021

Annual return

-18.27%

-32.40 pp from 2021

Benchmarks

See 9,366 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,366 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.42M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

108.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$516K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3438

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PENSION CORPORATION OF AMERICA1 year Service code 13 · EIN 31-1360674	Contract Administrator	$11,133
PCA INVESTMENT ADVISORY SERVICES1 year Service code 27 · EIN 59-3766965	Advisory (Plan)	$6,017
PAYCHEX, INC.6 years Service code 15 · EIN 16-1124166	Recordkeeping	$5,370
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 50 · EIN 82-3967259	Direct Payment	$1,102

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$24K

$272 / participant

Investment mgmt$6K25.5%
Contract admin$18K74.5%

% of EOY assets

0.463%

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: VONLEHMAN & COMPANY
Auditor EIN: 310905417
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,406

$54,350+13.0%

$82,719-25.8%

$68,494-10.3%

Participation rate

59.8%

63.9%-4.1pp

72.6%-12.8pp

67.9%-8.1pp

Annual return

-18.27%

-13.67%-4.6pp

701.18%-719.5pp

-7.84%-10.4pp

Employer contribution / active EE

$1,363

$2,218-38.6%

$3,009-54.7%

$2,596-47.5%

Participant deferral / active EE

$2,597

$3,246-20.0%

$4,395-40.9%

$4,027-35.5%

Admin fee / account holder

$285

$4,395-93.5%

$5,329-94.7%

$5,403-94.7%

Provider

Service type

Compensation

PENSION CORPORATION OF AMERICA1 year

Service code 13 · EIN 31-1360674

Contract Administrator

$11,133

PCA INVESTMENT ADVISORY SERVICES1 year

Service code 27 · EIN 59-3766965

Advisory (Plan)

$6,017

PAYCHEX, INC.6 years

Service code 15 · EIN 16-1124166

Recordkeeping

$5,370

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 50 · EIN 82-3967259

Direct Payment

$1,102

CIP INTERNATIONAL INC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CIP INTERNATIONAL INC 401(K) PROFIT SHARING PLAN AND TRUST

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