Retirement plan

HYBRID PROMOTIONS, LLC INCENTIVE SAVINGS PLAN

Name: HYBRID PROMOTIONS, LLC - HYBRID PROMOTIONS, LLC INCENTIVE SAVINGS PLAN (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25.3M

-4.7% from 2021

Total participants

690

+14.8% from 2021

Average account balance

$39,753

-15.8% from 2021

Annual return

-6.45%

-19.03 pp from 2021

Benchmarks

See 1,338 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,338 peers

Snapshot2022

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044	Recordkeeping	$133,170
SECURITIES AMERICA INC2 years Filed as: SECURITIES AMERICA, INC. Service code 22 · EIN 11-2551174	Insurance Broker	$53,802
RICHARDSON KONTOGOURIS EMERSON LLP1 year Service code 10 · EIN 01-0871934	Accounting	$22,163
HYBRID PROMOTIONS, LLC1 year Service code 35 · EIN 33-0838747	Employee (plan sponsor)	$22,000
SUPERIORUSA CORPORATION2 years Service code 15 · EIN 41-1913603	Recordkeeping	$14,164
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$4,903

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$196K

$415 / participant

Other / not subdivided$196K100.0%

% of EOY assets

0.773%

all-in expense ratio

Categories reported

0 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,753

$71,142-44.1%

$119,622-66.8%

$64,819-38.7%

Participation rate

88.7%

78.6%+10.1pp

79.3%+9.5pp

71.5%+17.3pp

Annual return

-6.45%

-10.01%+3.6pp

-14.98%+8.5pp

32.84%-39.3pp

Employer contribution / active EE

$2,423

$2,497-3.0%

$4,232-42.8%

$2,507-3.4%

Participant deferral / active EE

$4,852

$4,490+8.1%

$5,601-13.4%

$4,311+12.5%

Admin fee / account holder

$307

$162+89.5%

$10,328-97.0%

$188+63.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

Recordkeeping

$133,170

SECURITIES AMERICA INC2 years

Filed as: SECURITIES AMERICA, INC.

Service code 22 · EIN 11-2551174

Insurance Broker

$53,802

RICHARDSON KONTOGOURIS EMERSON LLP1 year

Service code 10 · EIN 01-0871934

Accounting

$22,163

HYBRID PROMOTIONS, LLC1 year

Service code 35 · EIN 33-0838747

Employee (plan sponsor)

$22,000

SUPERIORUSA CORPORATION2 years

Service code 15 · EIN 41-1913603

Recordkeeping

$14,164

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$4,903

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