Retirement plan

SRK RETIREMENT SAVINGS & INVESTMENT PLAN

Name: SUMIRIKO OHIO, INC. - SRK RETIREMENT SAVINGS & INVESTMENT PLAN (2024) Form 5500
Creator: SUMIRIKO OHIO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SRK RETIREMENT SAVINGS & INVESTMENT PLAN, SUMIRIKO OHIO, INC.

SUMIRIKO OHIO, INC.EIN 34-1576708Plan #001PY 2024

320 SNIDER ROAD - BLUFFTON, OH 45817419-358-2121sumiriko.comLinkedIn501-1000 employeesautomotive

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$67.9M

+3.3% from 2023

Total participants

581

-2.4% from 2023

Average account balance

$119,042

+3.9% from 2023

Annual return

11.50%

-2.82 pp from 2023

Benchmarks

See 2,379 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,379 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$67.85M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

570

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$287

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL7 years Service code 37 · EIN 04-2647786	Loan Processing	$61,569
DELOITTE & TOUCHE LLP3 years Service code 10 · EIN 13-3891517	Accounting	$49,000
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ INVESTMENT ADV SERVICES, LLC Service code 26 · EIN 81-3968784	Advisory (Participants)	$44,250
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS & INSURANCE SERVICES Service code 27 · EIN 31-1582098	Advisory (Plan)	$9,000

Plan features & details

Pension benefit codes2E2F2G2K2S2T3D3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$164K

$379 / participant

Recordkeeping$62K37.6%
Investment mgmt$53K32.5%
Other / not subdivided$49K29.9%

% of EOY assets

0.241%

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: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: $49,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$119,042

$89,123+33.6%

$102,460+16.2%

$77,762+53.1%

Participation rate

97.5%

80.9%+16.5pp

76.5%+20.9pp

70.6%+26.9pp

Annual return

11.50%

25.05%-13.5pp

29.47%-18.0pp

31.27%-19.8pp

Employer contribution / active EE

$1,944

$2,700-28.0%

$3,025-35.7%

$2,728-28.7%

Participant deferral / active EE

$6,472

$5,148+25.7%

$5,056+28.0%

$4,651+39.2%

Admin fee / account holder

$287

$236+21.8%

$9,460-97.0%

$433-33.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Service code 37 · EIN 04-2647786

Loan Processing

$61,569

DELOITTE & TOUCHE LLP3 years

Service code 10 · EIN 13-3891517

Accounting

$49,000

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ INVESTMENT ADV SERVICES, LLC

Service code 26 · EIN 81-3968784

Advisory (Participants)

$44,250

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS & INSURANCE SERVICES

Service code 27 · EIN 31-1582098

Advisory (Plan)

$9,000

SRK RETIREMENT SAVINGS & INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SRK RETIREMENT SAVINGS & INVESTMENT 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