Retirement plan

R.M. CHIN & ASSOCIATES, INC. PROFIT SHARING/ 401(K) PLAN

Name: R.M. CHIN & ASSOCIATES, INC - R.M. CHIN & ASSOCIATES, INC. PROFIT SHARING/ 401(K) PLAN (2024) Form 5500
Creator: R.M. CHIN & ASSOCIATES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R.M. CHIN & ASSOCIATES, INC. PROFIT SHARING/ 401(K) PLAN, R.M. CHIN & ASSOCIATES, INC

R.M. CHIN & ASSOCIATES, INCEIN 36-3631821Plan #001PY 2024

500 W 18TH STREET SUITE 200 - CHICAGO, IL 60616312-595-2000rmchin.comLinkedIn51-200 employeescivil engineering

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$21.3M

+35.2% from 2023

Total participants

154

+14.9% from 2023

Average account balance

$151,037

+16.0% from 2023

Annual return

20.70%

-9.54 pp from 2023

Benchmarks

See 6,285 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,285 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.30M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

141

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+20.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$73

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 2 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$9,117
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$1,125

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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$10K

$86 / participant

Recordkeeping$1K11.0%
Investment mgmt$9K89.0%

% of EOY assets

0.048%

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: WEISS AND COMPANY LLP
Auditor EIN: 362663249
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$151,037

$101,591+48.7%

$147,096+2.7%

$74,429+102.9%

Participation rate

89.1%

75.5%+13.5pp

82.2%+6.9pp

67.2%+21.9pp

Annual return

20.70%

8746.45%-8725.8pp

419.75%-399.0pp

1368.38%-1347.7pp

Employer contribution / active EE

$5,948

$3,813+56.0%

$4,936+20.5%

$2,625+126.6%

Participant deferral / active EE

$10,410

$7,302+42.6%

$8,071+29.0%

$4,348+139.4%

Admin fee / account holder

$73

$1,750-95.8%

$13,005-99.4%

$1,944-96.3%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$9,117

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$1,125

R.M. CHIN & ASSOCIATES, INC. PROFIT SHARING/ 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R.M. CHIN & ASSOCIATES, INC. PROFIT SHARING/ 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