Retirement plan

CUSTOM AGRI SYSTEMS, INC. 401(K)

Name: CUSTOM AGRI SYSTEMS, INC. 401(K) - CUSTOM AGRI SYSTEMS, INC. 401(K) (2020) Form 5500
Creator: CUSTOM AGRI SYSTEMS, INC. 401(K)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUSTOM AGRI SYSTEMS, INC. 401(K), CUSTOM AGRI SYSTEMS, INC. 401(K)

CUSTOM AGRI SYSTEMS, INC. 401(K)EIN 34-1387174Plan #001PY 2020

255 CO RD R - NAPOLEON, OH 43545419-599-5180casindustries.comLinkedIn11-50 employeesfarming

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed October 31, 2022

Plan administrator

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255 County Road R

Napoleon, OH 43545

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Plans declared (1)

Nonqualified Deferred Compensation Plan15 emp

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Total assets (EOY)

$8.8M

+21.9% from 2019

Total participants

192

-21.6% from 2019

Average account balance

$49,104

+26.0% from 2019

Annual return

17.75%

-13.05 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.84M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

240

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE6+ years Service code 60 · EIN 31-1592130	Sub-TA Fees	$37,754
CAMBRIDGE INVESTMENT RESEARCH2 years Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS Service code 27 · EIN 20-1665305	Advisory (Plan)	$11,183
MICHIGAN PENSION & FINANCIAL2 years Service code 28 · EIN 38-3316966	Investment Management	$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

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

$55K

$288 / participant

Contract admin$18K33.0%
Other / not subdivided$37K67.0%

% of EOY assets

0.626%

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: GILMORE JASION MAHLER, LD
Auditor EIN: 341827159
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,104

$73,638-33.3%

$95,960-48.8%

$73,493-33.2%

Participation rate

93.8%

76.2%+17.6pp

77.1%+16.7pp

70.7%+23.1pp

Annual return

17.75%

16.78%+1.0pp

91.63%-73.9pp

28.51%-10.8pp

Employer contribution / active EE

$1,719

$1,863-7.7%

$2,541-32.4%

$2,270-24.3%

Participant deferral / active EE

$3,012

$3,617-16.7%

$4,167-27.7%

$3,740-19.5%

Admin fee / account holder

$308

$482-36.2%

$6,797-95.5%

$513-40.1%

Provider

Service type

Compensation

NATIONWIDE6+ years

Service code 60 · EIN 31-1592130

Sub-TA Fees

$37,754

CAMBRIDGE INVESTMENT RESEARCH2 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS

Service code 27 · EIN 20-1665305

Advisory (Plan)

$11,183

MICHIGAN PENSION & FINANCIAL2 years

Service code 28 · EIN 38-3316966

Investment Management

CUSTOM AGRI SYSTEMS, INC. 401(K)

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUSTOM AGRI SYSTEMS, INC. 401(K)

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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