Retirement plan

YUSHIRO / QUALICHEM 401(K) PLAN

Name: YUSHIRO MANUFACTURING AMERICA, INC. - YUSHIRO / QUALICHEM 401(K) PLAN (2024) Form 5500
Creator: YUSHIRO MANUFACTURING AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, YUSHIRO / QUALICHEM 401(K) PLAN, YUSHIRO MANUFACTURING AMERICA, INC.

YUSHIRO MANUFACTURING AMERICA, INC.EIN 62-1296001Plan #001PY 2024

783 WEST MAUSOLEUM ROAD - SHELBYVILLE, IN 46176317-398-9862LinkedIn1-10 employeeschemicals

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$15.4M

+22.9% from 2023

Total participants

185

+3.9% from 2023

Average account balance

$103,852

+18.8% from 2023

Annual return

15.35%

-1.78 pp from 2023

Benchmarks

See 1,848 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,848 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.37M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

148

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.

76.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$280

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 4 by compensation

Provider	Service type	Compensation
FIRST CITIZENS BANK & TRUST COMPANY4 years Filed as: FIRST CITIZENS INSTITUTIONAL TRUST Service code 27 P.O. BOX 29522-CLN 15 · RALEIGH, NC 27615	Advisory (Plan)	$30,000
THE VANGUARD GROUP, INC.4 years Service code 15 · EIN 23-1945930	Recordkeeping	$12,450
TRINITY PENSION GROUP, LLC4 years Filed as: TRINITY PENSION GROUP LLC Service code 13 · EIN 20-0235252 P.O. BOX 2159 · JAMESTOWN, NC 27282	Contract Administrator	$1,100
ASCENSUS LLC4 years Service code 15 · EIN 11-3665754	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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.
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

$41K

$264 / participant

Recordkeeping$10K25.0%
Investment mgmt$30K72.4%
Contract admin$1K2.7%

% of EOY assets

0.270%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BLUE & CO.
Auditor EIN: 351178661
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,852

$78,562+32.2%

$105,608-1.7%

$74,429+39.5%

Participation rate

76.4%

72.8%+3.6pp

75.3%+1.1pp

67.2%+9.2pp

Annual return

15.35%

15.94%-0.6pp

116.50%-101.2pp

1368.38%-1353.0pp

Employer contribution / active EE

$3,359

$2,521+33.2%

$3,167+6.1%

$2,625+28.0%

Participant deferral / active EE

$7,055

$4,321+63.3%

$5,010+40.8%

$4,348+62.2%

Admin fee / account holder

$280

$2,217-87.4%

$11,028-97.5%

$1,944-85.6%

Provider

Service type

Compensation

FIRST CITIZENS BANK & TRUST COMPANY4 years

Filed as: FIRST CITIZENS INSTITUTIONAL TRUST

Service code 27

P.O. BOX 29522-CLN 15 · RALEIGH, NC 27615

Advisory (Plan)

$30,000

THE VANGUARD GROUP, INC.4 years

Service code 15 · EIN 23-1945930

Recordkeeping

$12,450

TRINITY PENSION GROUP, LLC4 years

Filed as: TRINITY PENSION GROUP LLC

Service code 13 · EIN 20-0235252

P.O. BOX 2159 · JAMESTOWN, NC 27282

Contract Administrator

$1,100

ASCENSUS LLC4 years

Service code 15 · EIN 11-3665754

Recordkeeping

YUSHIRO / QUALICHEM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

YUSHIRO / QUALICHEM 401(K) 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