Retirement plan

TARGUS INTERNATIONAL LLC 401(K) PROFIT SHARING PLAN

Name: TARGUS INTERNATIONAL LLC - TARGUS INTERNATIONAL LLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: TARGUS INTERNATIONAL LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TARGUS INTERNATIONAL LLC 401(K) PROFIT SHARING PLAN, TARGUS INTERNATIONAL LLC

TARGUS INTERNATIONAL LLCEIN 81-0694486Plan #002PY 2023

1211 N. MILLER STREET - ANAHEIM, CA 92806714-765-5555LinkedIn201-500 employeesapparel & fashion

Prospect flagsLow returnsHigh feesWind-down / frozen

How to read this page

Total assets (EOY)

$566K

-96.8% from 2022

Total participants

-97.5% from 2022

Average account balance

$94,254

+4.7% from 2022

Annual return

6.47%

+23.34 pp from 2022

Benchmarks

See 4,362 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,362 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 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
KIECKHAFER SCHIFFER LLP5 years Filed as: KIECKHAFER, SCHIFFER LLP Service code 10 · EIN 81-5052000	Accounting	$15,000
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 36-4019175	Advisory (Plan)	$11,032
STRATEGIC ADVISORS, INC.8+ years Filed as: STRATEGIC ADVISORS, INC Service code 27 · EIN 04-2654524	Advisory (Plan)	$497
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 13 · EIN 04-2647786	Contract Administrator	$395
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Filed as: FIDELITY INVESTMENTS INSTITUTIOINAL Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$27K

Investment mgmt$12K43.5%
Other / not subdivided$15K56.5%

% of EOY assets

4.691%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KIECKHAFER SCHIFFER LLP
Auditor EIN: 815052000
Audit fees: $15,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,254

$95,664-1.5%

$76,902+22.6%

$139,487-32.4%

Participation rate

0.0%

74.0%-74.0pp

69.6%-69.6pp

80.3%-80.3pp

Annual return

6.47%

55.03%-48.6pp

37.91%-31.4pp

373.84%-367.4pp

Employer contribution / active EE

$3,147-100.0%

$2,534-100.0%

$4,755-100.0%

Participant deferral / active EE

$4,626-100.0%

$3,833-100.0%

$6,713-100.0%

Admin fee / account holder

$4,422

$8,311-46.8%

$5,479-19.3%

$11,407-61.2%

Provider

Service type

Compensation

KIECKHAFER SCHIFFER LLP5 years

Filed as: KIECKHAFER, SCHIFFER LLP

Service code 10 · EIN 81-5052000

Accounting

$15,000

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 36-4019175

Advisory (Plan)

$11,032

STRATEGIC ADVISORS, INC.8+ years

Filed as: STRATEGIC ADVISORS, INC

Service code 27 · EIN 04-2654524

Advisory (Plan)

$497

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 13 · EIN 04-2647786

Contract Administrator

$395

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Filed as: FIDELITY INVESTMENTS INSTITUTIOINAL

Service code 60

Sub-TA Fees

TARGUS INTERNATIONAL LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TARGUS INTERNATIONAL LLC 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