Retirement plan

AMERICA CHUNG NAM, LLC. 401(K) AND PROFIT SHARING PLAN

Name: AMERICA CHUNG NAM, LLC. - AMERICA CHUNG NAM, LLC. 401(K) AND PROFIT SHARING PLAN (2024) Form 5500
Creator: AMERICA CHUNG NAM, LLC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICA CHUNG NAM, LLC. 401(K) AND PROFIT SHARING PLAN, AMERICA CHUNG NAM, LLC.

AMERICA CHUNG NAM, LLC.EIN 33-0398523Plan #001PY 2024

1163 FAIRWAY DRIVE - CITY OF INDUSTRY, CA 91789909-839-8363acni.netLinkedIn201-500 employeespaper & forest products

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.5M

+2.2% from 2023

Total participants

116

-3.3% from 2023

Average account balance

$113,375

+3.1% from 2023

Annual return

13.88%

-2.62 pp from 2023

Benchmarks

See 9,004 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,004 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.47M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

110

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$509K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$385

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
CALIFORNIA BENEFIT PLANNERS5 years Service code 13 · EIN 95-4568183 3738-3740 E COLORADO BLVD · PASADENA, CA 91107	Contract Administrator	$21,961
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$19,126
INTERNATIONAL BENEFIT PLANNER3 years Service code 13	Contract Administrator	$5,964
RPA FINANCIAL LLC3 years Service code 27 · EIN 83-1143379	Advisory (Plan)	$1,271

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$42K

$1177 / participant

Contract admin$42K100.0%

% of EOY assets

0.340%

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

$113,375

$101,752+11.4%

$164,928-31.3%

$80,911+40.1%

Participation rate

83.3%

71.8%+11.5pp

78.6%+4.7pp

67.6%+15.7pp

Annual return

13.88%

16.73%-2.8pp

70.08%-56.2pp

35.63%-21.7pp

Employer contribution / active EE

$1,361

$2,953-53.9%

$4,343-68.7%

$2,756-50.6%

Participant deferral / active EE

$12,772

$4,477+185.3%

$6,034+111.7%

$4,297+197.2%

Admin fee / account holder

$385

$8,218-95.3%

$12,684-97.0%

$6,935-94.4%

Provider

Service type

Compensation

CALIFORNIA BENEFIT PLANNERS5 years

Service code 13 · EIN 95-4568183

3738-3740 E COLORADO BLVD · PASADENA, CA 91107

Contract Administrator

$21,961

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$19,126

INTERNATIONAL BENEFIT PLANNER3 years

Service code 13

Contract Administrator

$5,964

RPA FINANCIAL LLC3 years

Service code 27 · EIN 83-1143379

Advisory (Plan)

$1,271

AMERICA CHUNG NAM, LLC. 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICA CHUNG NAM, LLC. 401(K) AND PROFIT SHARING 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