Retirement plan

CHUGH, LLP PROFIT SHARING PLAN

Name: CHUGH, LLP - CHUGH, LLP PROFIT SHARING PLAN (2024) Form 5500
Creator: CHUGH, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHUGH, LLP PROFIT SHARING PLAN, CHUGH, LLP

CHUGH, LLPEIN 47-3050556Plan #001PY 2024

15925 CARMENITA ROAD - CERRITOS, CA 907032206562-229-1220chugh.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#002Retirement-$17.1M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$12.3M

+19.7% from 2023

Total participants

251

+2.0% from 2023

Average account balance

$49,506

+17.3% from 2023

Annual return

20.14%

-3.44 pp from 2023

Benchmarks

See 6,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.33M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

249

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$220K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+20.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$243

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 1 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH6+ years Filed as: MERRILL LYNCH Service code 28 · EIN 13-5674085	Investment Management	$45,489

Plan features & details

Pension benefit codes2A2E3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$61K

$311 / participant

Other / not subdivided$61K100.0%

% of EOY assets

0.492%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: STERLING ACCOUNTING & TAX SERVICES
Auditor EIN: 474504762
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,506

$101,499-51.2%

$147,005-66.3%

$74,546-33.6%

Participation rate

99.0%

75.5%+23.4pp

82.2%+16.8pp

67.2%+31.8pp

Annual return

20.14%

8732.34%-8712.2pp

418.76%-398.6pp

1366.03%-1345.9pp

Employer contribution / active EE

$1,128

$3,811-70.4%

$4,934-77.1%

$2,624-57.0%

Participant deferral / active EE

$7,304-100.0%

$8,070-100.0%

$4,347-100.0%

Admin fee / account holder

$243

$1,748-86.1%

$13,006-98.1%

$1,944-87.5%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH6+ years

Filed as: MERRILL LYNCH

Service code 28 · EIN 13-5674085

Investment Management

$45,489

CHUGH, LLP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHUGH, LLP 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