Retirement plan

CHT USA 401(K) PROFIT SHARING PLAN

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

CHT USA INC.EIN 45-4366410Plan #002PY 2024

805 WOLFE AVENUE - CASSOPOLIS, MI 49031269-445-0847

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.8M

+18.5% from 2023

Total participants

159

+2.6% from 2023

Average account balance

$55,097

+15.5% from 2023

Annual return

13.75%

-5.18 pp from 2023

Benchmarks

See 1,845 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,845 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.76M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

159

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

$1.05M

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

+13.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$308

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
CAP FINANCIAL PARTNERS, LLC3 years Filed as: CAP FINANCIAL PARTNERS Service code 27 · EIN 26-0058143	Advisory (Plan)	$39,485
ASCENSUS LLC7 years Service code 15 · EIN 11-3665754	Recordkeeping	$9,512

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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

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

$49K

$360 / participant

Investment mgmt$39K80.6%
Contract admin$10K19.4%

% of EOY assets

0.559%

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: ERNST & YOUNG U.S. LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,097

$78,607-29.9%

$105,624-47.8%

$74,478-26.0%

Participation rate

100.0%

72.8%+27.2pp

75.3%+24.7pp

67.2%+32.8pp

Annual return

13.75%

15.96%-2.2pp

116.20%-102.5pp

1370.56%-1356.8pp

Employer contribution / active EE

$2,589

$2,523+2.6%

$3,168-18.3%

$2,626-1.4%

Participant deferral / active EE

$5,126

$4,325+18.5%

$5,013+2.3%

$4,350+17.8%

Admin fee / account holder

$308

$2,220-86.1%

$10,961-97.2%

$1,946-84.2%

Provider

Service type

Compensation

CAP FINANCIAL PARTNERS, LLC3 years

Filed as: CAP FINANCIAL PARTNERS

Service code 27 · EIN 26-0058143

Advisory (Plan)

$39,485

ASCENSUS LLC7 years

Service code 15 · EIN 11-3665754

Recordkeeping

$9,512

CHT USA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHT USA 401(K) PROFIT SHARING 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