Retirement plan

HYBRID PROMOTIONS, LLC INCENTIVE SAVINGS PLAN

Name: HYBRID PROMOTIONS, LLC - HYBRID PROMOTIONS, LLC INCENTIVE SAVINGS PLAN (2024) Form 5500
Creator: HYBRID PROMOTIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HYBRID PROMOTIONS, LLC INCENTIVE SAVINGS PLAN, HYBRID PROMOTIONS, LLC

HYBRID PROMOTIONS, LLCEIN 33-0838747Plan #001PY 2024

10700 VALLEY VIEW STREET - CYPRESS, CA 90630714-952-3866LinkedIn11-50 employeesconsumer goods

Prospect flagsLow returnsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$35.9M

+16.6% from 2023

Total participants

642

+1.9% from 2023

Average account balance

$57,579

+13.6% from 2023

Annual return

11.05%

-3.46 pp from 2023

Benchmarks

See 1,403 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,403 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.93M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

624

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$333

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 7 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3 years Service code 15 · EIN 13-3689044	Recordkeeping	$173,425
SECURITIES AMERICA INC1 year Filed as: SECURITIES AMERICA, INC Service code 22	Insurance Broker	$37,266
OSAIC WEALTH INC1 year Service code 22 · EIN 93-0987232	Insurance Broker	$34,999
RICHARDSON KONTOGOURIS EMERSON LLP3 years Service code 10 · EIN 01-0871934	Accounting	$17,663
DWC - THE 401(K) EXPERTS2 years Filed as: DWC THE 401(K) EXPERTS Service code 15 · EIN 26-2091417	Recordkeeping	$9,953
MESIROW FINANCIAL INVESTMENT MANAGE3 years Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$6,699
SECURITIES AMERICA INC4 years Filed as: SECURITIES AMERICA, INC. Service code 22 · EIN 11-2551174	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T2S

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.
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.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$208K

$476 / participant

Recordkeeping$173K83.5%
Investment mgmt$7K3.2%
Contract admin$10K4.8%
Other / not subdivided$18K8.5%

% of EOY assets

0.578%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RICHARDSON KONTOGOURIS EMERSON LLP
Auditor EIN: 010871934
Audit fees: $17,663
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,579

$89,465-35.6%

$165,100-65.1%

$77,762-26.0%

Participation rate

95.9%

78.6%+17.2pp

70.6%+25.3pp

Annual return

11.05%

28.86%-17.8pp

70.21%-59.2pp

31.27%-20.2pp

Employer contribution / active EE

$2,949

$2,565+15.0%

$4,348-32.2%

$2,728+8.1%

Participant deferral / active EE

$6,164

$4,904+25.7%

$6,035+2.1%

$4,651+32.5%

Admin fee / account holder

$333

$340-2.0%

$12,696-97.4%

$433-23.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Service code 15 · EIN 13-3689044

Recordkeeping

$173,425

SECURITIES AMERICA INC1 year

Filed as: SECURITIES AMERICA, INC

Service code 22

Insurance Broker

$37,266

OSAIC WEALTH INC1 year

Service code 22 · EIN 93-0987232

Insurance Broker

$34,999

RICHARDSON KONTOGOURIS EMERSON LLP3 years

Service code 10 · EIN 01-0871934

Accounting

$17,663

DWC - THE 401(K) EXPERTS2 years

Filed as: DWC THE 401(K) EXPERTS

Service code 15 · EIN 26-2091417

Recordkeeping

$9,953

MESIROW FINANCIAL INVESTMENT MANAGE3 years

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$6,699

SECURITIES AMERICA INC4 years

Filed as: SECURITIES AMERICA, INC.

Service code 22 · EIN 11-2551174

Insurance Broker

HYBRID PROMOTIONS, LLC INCENTIVE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HYBRID PROMOTIONS, LLC INCENTIVE SAVINGS 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