Retirement plan

CHAIN INDUSTRIES INC. PENSION & PROFIT SHARING PLAN WITH 401K PROVISIONS

Name: CHAIN INDUSTRIES INC. - CHAIN INDUSTRIES INC. PENSION & PROFIT SHARING PLAN WITH 401K PROVISIONS (2022) Form 5500
Creator: CHAIN INDUSTRIES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHAIN INDUSTRIES INC. PENSION & PROFIT SHARING PLAN WITH 401K PROVISIONS, CHAIN INDUSTRIES INC.

CHAIN INDUSTRIES INC.EIN 38-2436142Plan #002PY 2022

C/O 22725 FAIRVIEW CTR DR, STE 100 - FAIRVIEW PARK, OH 44126248-348-7843

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.9M

-7.8% from 2021

Total participants

+9.5% from 2021

Average account balance

$169,291

-15.9% from 2021

Annual return

-10.61%

-21.19 pp from 2021

Benchmarks

See 23,461 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,461 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.20M

Not enough data

1 years with asset history on file

Average account balance

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

$226K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$118K

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

+13.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2309

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2G2J3H

Plan features

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$51K

$2701 / participant

Other / not subdivided$51K100.0%

% of EOY assets

1.318%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$169,291

$142,409+18.9%

$119,634+41.5%

$134,545+25.8%

Participation rate

100.0%

82.8%+17.2pp

79.3%+20.7pp

81.2%+18.8pp

Annual return

-10.61%

-12.46%+1.8pp

-14.98%+4.4pp

418.37%-429.0pp

Employer contribution / active EE

$2,217

$5,224-57.6%

$4,232-47.6%

$4,742-53.2%

Participant deferral / active EE

$6,130

$6,468-5.2%

$5,601+9.4%

$6,401-4.2%

Admin fee / account holder

$2,232

$13,594-83.6%

$10,329-78.4%

$11,431-80.5%

CHAIN INDUSTRIES INC. PENSION & PROFIT SHARING PLAN WITH 401K PROVISIONS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHAIN INDUSTRIES INC. PENSION & PROFIT SHARING PLAN WITH 401K PROVISIONS

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