Retirement plan

COREDUX, USA LLC 401(K) PLAN

Name: COREDUX, USA LLC - COREDUX, USA LLC 401(K) PLAN (2024) Form 5500
Creator: COREDUX, USA LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COREDUX, USA LLC 401(K) PLAN, COREDUX, USA LLC

COREDUX, USA LLCEIN 33-0328174Plan #001PY 2024

6721 COBRA WAY - SAN DIEGO, CA 92121085-864-2713

Prospect flagsLow returnsLow employer contribution

How to read this page

Total assets (EOY)

$5.9M

+15.2% from 2023

Total participants

146

+0.7% from 2023

Average account balance

$47,130

+13.4% from 2023

Annual return

9.57%

-3.94 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.94M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

126

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.

81.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$513K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$241

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$27,988
INDEPENDENT FINANCIAL GROUP LLC5 years Filed as: INDEPENDENT FINANCIAL GROUP Service code 55	Other Commissions	$25,607
SAN DIEGO PENSION CONSULTANTS5 years Service code 13 9665 CHESAPEAKE DRIVE SUITE 201 · SAN DIEGO, CA 92123	Contract Administrator	$6,561
INDEPENDENT FINANCIAL GRP LLC5 years Service code 55 12671 HIGH BLUFF DR. STE 200 · SAN DIEGO, CA 92130	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$30K

$284 / participant

Recordkeeping$30K100.0%

% of EOY assets

0.512%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MACIAS GINI & O'CONNELL LLP
Auditor EIN: 680300457
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,130

$79,209-40.5%

$102,434-54.0%

$74,459-36.7%

Participation rate

81.3%

74.8%+6.5pp

76.5%+4.8pp

67.2%+14.1pp

Annual return

9.57%

54.98%-45.4pp

29.46%-19.9pp

1369.70%-1360.1pp

Employer contribution / active EE

$577

$2,362-75.6%

$3,023-80.9%

$2,626-78.0%

Participant deferral / active EE

$4,215

$4,417-4.6%

$5,055-16.6%

$4,350-3.1%

Admin fee / account holder

$241

$2,002-88.0%

$9,462-97.5%

$1,945-87.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$27,988

INDEPENDENT FINANCIAL GROUP LLC5 years

Filed as: INDEPENDENT FINANCIAL GROUP

Service code 55

Other Commissions

$25,607

SAN DIEGO PENSION CONSULTANTS5 years

Service code 13

9665 CHESAPEAKE DRIVE SUITE 201 · SAN DIEGO, CA 92123

Contract Administrator

$6,561

INDEPENDENT FINANCIAL GRP LLC5 years

Service code 55

12671 HIGH BLUFF DR. STE 200 · SAN DIEGO, CA 92130

Other Commissions

COREDUX, USA LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COREDUX, USA LLC 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