Retirement plan

C.T.I. PENSION PLAN

Name: C. THORREZ INDUSTRIES, INC. - C.T.I. PENSION PLAN (2024) Form 5500
Creator: C. THORREZ INDUSTRIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, C.T.I. PENSION PLAN, C. THORREZ INDUSTRIES, INC.

C. THORREZ INDUSTRIES, INC.EIN 38-1866594Plan #001PY 2024

4909 W MICHIGAN AVENUE - JACKSON, MI 49201517-750-3160

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$25M

+11.3% from 2023

Total participants

256

+0.4% from 2023

Average account balance

$99,614

+13.1% from 2023

Annual return

15.15%

-1.48 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.00M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

251

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$839K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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 3 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES1 year Service code 15 · EIN 16-1459052	Recordkeeping	$28,253
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$8,005
ALTA TRUST1 year Filed as: ALTA TRUST COMPANY Service code 27 · EIN 26-1505234	Advisory (Plan)	$6,651

Plan features & details

Pension benefit codes2E2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$35K

$243 / participant

Recordkeeping$29K81.1%
Investment mgmt$7K18.9%

% of EOY assets

0.141%

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: ANDREWS HOOPER PAVLIK PLC
Auditor EIN: 383133790
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,614

$79,209+25.8%

$102,434-2.8%

$74,459+33.8%

Participation rate

96.6%

74.8%+21.8pp

76.5%+20.0pp

67.2%+29.3pp

Annual return

15.15%

54.98%-39.8pp

29.46%-14.3pp

1369.70%-1354.6pp

Employer contribution / active EE

$2,251

$2,362-4.7%

$3,023-25.5%

$2,626-14.3%

Participant deferral / active EE

$3,534

$4,417-20.0%

$5,055-30.1%

$4,350-18.8%

Admin fee / account holder

$140

$2,002-93.0%

$9,462-98.5%

$1,945-92.8%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES1 year

Service code 15 · EIN 16-1459052

Recordkeeping

$28,253

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$8,005

ALTA TRUST1 year

Filed as: ALTA TRUST COMPANY

Service code 27 · EIN 26-1505234

Advisory (Plan)

$6,651

C.T.I. PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

C.T.I. PENSION 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