Retirement plan

CANUS CORPORATION 401(K) PROFIT SHARING PLAN

Name: CANUS CORPORATION - CANUS CORPORATION 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: CANUS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CANUS CORPORATION 401(K) PROFIT SHARING PLAN, CANUS CORPORATION

CANUS CORPORATIONEIN 33-0996801Plan #001PY 2023

20532 EL TORO ROAD, SUITE 102 - MISSION VIEJO, CA 92692949-855-8852canus.coLinkedIn501-1000 employeesutilities

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$17.5M

+31.5% from 2022

Total participants

635

-5.5% from 2022

Average account balance

$57,029

+19.5% from 2022

Annual return

17.16%

+34.85 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.33M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

343

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.

38.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.53M

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

+13.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$257

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
ADP BROKER-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$43,806
ACCELERATE INVESTMENT ADVISORS LLC1 year Filed as: ACCELERATE INVESTMENT ADVISORS Service code 15 · EIN 92-2678185	Recordkeeping	$34,655
401K ADVISORS INC2 years Service code 15 · EIN 33-0905143	Recordkeeping	$30,096
PENTEGRA SERVICES, INC.2 years Filed as: PENTEGRA SERVICE, INC Service code 15 · EIN 13-3745616	Recordkeeping	$30,096
ADP BROKER-DEALER3 years Filed as: ADP BROKER - DEALER Service code 59	Shareholder Servicing	$0
ADP BROKER-DEALER7 years Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$83K

$167 / participant

Other trustee fees$66K80.3%
Contract admin$16K19.7%

% of EOY assets

0.474%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,029

$95,417-40.2%

$135,974-58.1%

$74,460-23.4%

Participation rate

33.5%

78.2%-44.7pp

81.9%-48.4pp

70.7%-37.2pp

Annual return

17.16%

32.76%-15.6pp

68.30%-51.1pp

34.38%-17.2pp

Employer contribution / active EE

$3,878-100.0%

$4,859-100.0%

$2,638-100.0%

Participant deferral / active EE

$7,789

$7,7890%

$7,760+0.4%

$4,530+71.9%

Admin fee / account holder

$270

$266+1.5%

$10,767-97.5%

$348-22.3%

Provider

Service type

Compensation

ADP BROKER-DEALER4 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$43,806

ACCELERATE INVESTMENT ADVISORS LLC1 year

Filed as: ACCELERATE INVESTMENT ADVISORS

Service code 15 · EIN 92-2678185

Recordkeeping

$34,655

401K ADVISORS INC2 years

Service code 15 · EIN 33-0905143

Recordkeeping

$30,096

PENTEGRA SERVICES, INC.2 years

Filed as: PENTEGRA SERVICE, INC

Service code 15 · EIN 13-3745616

Recordkeeping

$30,096

ADP BROKER-DEALER3 years

Filed as: ADP BROKER - DEALER

Service code 59

Shareholder Servicing

ADP BROKER-DEALER7 years

Service code 59

Shareholder Servicing

CANUS CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CANUS CORPORATION 401(K) 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