Retirement plan

CHETU, INC. 401(K) PROFIT SHARING PLAN

Name: CHETU, INC. - CHETU, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: CHETU, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHETU, INC. 401(K) PROFIT SHARING PLAN, CHETU, INC.

CHETU, INC.EIN 65-0999101Plan #002PY 2020

10167 W. SUNRISE BLVD. SUITE 200 - PLANTATION, FL 333227619954-342-5676chetu.comLinkedIn1001-5000 employeescomputer software

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.3M

No prior year

Total participants

119

No prior year

Average account balance

$59,692

No prior year

Annual return

13.37%

No prior year

Benchmarks

See 26,418 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,418 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.44M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

138

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.

83.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$245

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
JPMORGAN INVEST HOLDINGS LLC1+ years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$12,594
NOVOTNY CPA GROUP PLC1+ years Service code 10 800 E ELLIS · NORTON SHORES, MI 49441	Accounting	$4,000
IFP ADVISORS INC DBA INDEPENDENT FI1+ years Service code 27 3030 N ROCKY POINT DRIVE W · TAMPA, FL 33607	Advisory (Plan)	$1,687
RESOURCES INVESTMENT ADVISORS LLC1+ years Filed as: RESOURCES INVESTMENT ADVISORS DBA B Service code 27 4860 COLLEGE BLVD · LEAWOOD, KS 66211	Advisory (Plan)	$633

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$19K

$193 / participant

Contract admin$19K100.0%

% of EOY assets

0.440%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: NOVOTNY CPA GROUP PLC
Auditor EIN: 383185476
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,692

$98,776-39.6%

$149,745-60.1%

$79,856-25.3%

Participation rate

52.0%

75.8%-23.7pp

82.5%-30.4pp

69.6%-17.6pp

Annual return

13.37%

27.38%-14.0pp

276.72%-263.4pp

31.71%-18.3pp

Employer contribution / active EE

$2,427

$3,217-24.6%

$4,646-47.8%

$2,471-1.8%

Participant deferral / active EE

$4,317

$5,681-24.0%

$6,843-36.9%

$3,741+15.4%

Admin fee / account holder

$263

$6,053-95.7%

$9,312-97.2%

$5,306-95.0%

Provider

Service type

Compensation

JPMORGAN INVEST HOLDINGS LLC1+ years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$12,594

NOVOTNY CPA GROUP PLC1+ years

Service code 10

800 E ELLIS · NORTON SHORES, MI 49441

Accounting

$4,000

IFP ADVISORS INC DBA INDEPENDENT FI1+ years

Service code 27

3030 N ROCKY POINT DRIVE W · TAMPA, FL 33607

Advisory (Plan)

$1,687

RESOURCES INVESTMENT ADVISORS LLC1+ years

Filed as: RESOURCES INVESTMENT ADVISORS DBA B

Service code 27

4860 COLLEGE BLVD · LEAWOOD, KS 66211

Advisory (Plan)

$633

CHETU, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHETU, 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