Retirement plan

EURO USA, INC. 401(K) PLAN

Name: EURO USA, INC. - EURO USA, INC. 401(K) PLAN (2021) Form 5500
Creator: EURO USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EURO USA, INC. 401(K) PLAN, EURO USA, INC.

EURO USA, INC.EIN 34-1497622Plan #001PY 2021

4481 JOHNSTON PKWY - CLEVELAND, OH 44128216-714-0502eurousa.comLinkedIn51-200 employeesfood & beverages

Prospect flagsLow returnsHigh feesLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$4M

+3.7% from 2020

Total participants

150

-6.3% from 2020

Average account balance

$60,958

+11.7% from 2020

Annual return

11.65%

-1.27 pp from 2020

Benchmarks

See 2,249 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,249 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.38M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

143

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$361K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3624

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

0 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS1 year Filed as: THE CAPITAL GROUP INVESTMENT LLC Service code 28 6720B ROCKLEDGE DR · BETHESDA, MD 20817	Investment Management	$27,905
PCS RETIREMENT, LLC2 years Service code 13 · EIN 23-3038464	Contract Administrator	$14,225

Plan features & details

Pension benefit codes2A2E2F2G2J2K3H2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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.

Expense breakdown

Schedule H Part II

Admin total

$42K

$308 / participant

Investment mgmt$28K66.2%
Contract admin$14K33.8%

% of EOY assets

1.063%

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: THE CIULLA GROUP LLC
Auditor EIN: 542185906
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,958

$93,182-34.6%

$146,643-58.4%

$79,391-23.2%

Participation rate

38.0%

76.4%-38.5pp

80.1%-42.1pp

70.7%-32.8pp

Annual return

11.65%

21.61%-10.0pp

22.75%-11.1pp

116.88%-105.2pp

Employer contribution / active EE

$281

$2,420-88.4%

$4,137-93.2%

$2,428-88.4%

Participant deferral / active EE

$1,712

$4,169-58.9%

$5,506-68.9%

$4,046-57.7%

Admin fee / account holder

$648

$585+10.8%

$10,280-93.7%

$627+3.5%

Provider

Service type

Compensation

AMERICAN FUNDS1 year

Filed as: THE CAPITAL GROUP INVESTMENT LLC

Service code 28

6720B ROCKLEDGE DR · BETHESDA, MD 20817

Investment Management

$27,905

PCS RETIREMENT, LLC2 years

Service code 13 · EIN 23-3038464

Contract Administrator

$14,225

EURO USA, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EURO USA, INC. 401(K) 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