Retirement plan

NICHIHA U.S.A., INC. 401(K) PROFIT SHARING PLAN

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

NICHIHA U.S.A., INC.EIN 58-2401503Plan #001PY 2024

3150 AVONDALE MILL ROAD - MACON, GA 31216770-853-9486

Prospect flagsHigh feesLow participationLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$11.4M

+18.4% from 2023

Total participants

747

+10.0% from 2023

Average account balance

$35,404

-7.7% from 2023

Annual return

14.29%

-5.22 pp from 2023

Benchmarks

See 1,157 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,157 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.40M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

322

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.

40.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$397

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$67,303
GALLAGHER FIDUCIARY ADVISORS, LLC3 years Service code 27	Advisory (Plan)	$38,403
GALLAGHER FIDUCIARY ADVISORS, LLC3 years Filed as: GALLAGHER FIDUCIARY ADVSIORS, LLC Service code 27 · EIN 36-4291971	Advisory (Plan)	$29,000
SKIBBIE CPA, INC.1 year Filed as: SKIBBIE CPA INC Service code 10 · EIN 27-0851321	Accounting	$18,000
ORENDA RETIREMENT, LLC4 years Filed as: ORENDA RETIREMENT LLC Service code 13 · EIN 36-4877979	Contract Administrator	$17,104

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

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.
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.
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.

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$128K

$178 / participant

Investment mgmt$29K22.7%
Contract admin$81K63.2%
Other / not subdivided$18K14.1%

% of EOY assets

1.121%

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: SKIBBIE CPA, INC.
Auditor EIN: 270851321
Audit fees: $18,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,404

$92,186-61.6%

$105,624-66.5%

$77,762-54.5%

Participation rate

40.9%

81.0%-40.1pp

75.3%-34.4pp

70.6%-29.7pp

Annual return

14.29%

17.83%-3.5pp

116.20%-101.9pp

31.27%-17.0pp

Employer contribution / active EE

$732

$3,376-78.3%

$3,168-76.9%

$2,728-73.2%

Participant deferral / active EE

$2,166

$5,395-59.9%

$5,013-56.8%

$4,651-53.4%

Admin fee / account holder

$397

$219+81.2%

$10,961-96.4%

$433-8.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$67,303

GALLAGHER FIDUCIARY ADVISORS, LLC3 years

Service code 27

Advisory (Plan)

$38,403

GALLAGHER FIDUCIARY ADVISORS, LLC3 years

Filed as: GALLAGHER FIDUCIARY ADVSIORS, LLC

Service code 27 · EIN 36-4291971

Advisory (Plan)

$29,000

SKIBBIE CPA, INC.1 year

Filed as: SKIBBIE CPA INC

Service code 10 · EIN 27-0851321

Accounting

$18,000

ORENDA RETIREMENT, LLC4 years

Filed as: ORENDA RETIREMENT LLC

Service code 13 · EIN 36-4877979

Contract Administrator

$17,104

NICHIHA U.S.A., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NICHIHA U.S.A., INC. 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