Retirement plan

CUSTOM AGRI SYSTEMS, INC. 401(K)

Name: CUSTOM AGRI SYSTEMS, INC. 401(K) - CUSTOM AGRI SYSTEMS, INC. 401(K) (2022) 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 2022

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

Prospect flagsNo flags tripped

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)

$8.5M

-13.2% from 2021

Total participants

297

+2.8% from 2021

Average account balance

$32,840

-29.9% from 2021

Annual return

-16.81%

-27.80 pp from 2021

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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 2 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.2 years Service code 15 · EIN 45-6062081	Recordkeeping	$43,199
CAMBRIDGE INVESTMENT RESEARCH4 years Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS Service code 27 · EIN 20-1665305	Advisory (Plan)	$24,194

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$67K

$315 / participant

Investment mgmt$24K35.9%
Other / not subdivided$43K64.1%

% of EOY assets

0.792%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WILLIAM VAUGHN COMPANY
Auditor EIN: 341145015
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,840

$65,453-49.8%

$86,698-62.1%

$66,938-50.9%

Participation rate

82.2%

75.5%+6.8pp

76.6%+5.7pp

69.8%+12.4pp

Annual return

-16.81%

-10.89%-5.9pp

35.95%-52.8pp

1.58%-18.4pp

Employer contribution / active EE

$2,033

$2,154-5.6%

$2,837-28.3%

$2,545-20.1%

Participant deferral / active EE

$3,535

$4,102-13.8%

$4,656-24.1%

$4,238-16.6%

Admin fee / account holder

$260

$642-59.5%

$7,493-96.5%

$594-56.2%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.2 years

Service code 15 · EIN 45-6062081

Recordkeeping

$43,199

CAMBRIDGE INVESTMENT RESEARCH4 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS

Service code 27 · EIN 20-1665305

Advisory (Plan)

$24,194

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