Retirement plan

CHC SOLUTIONS, INC. RETIREMENT PLAN

Name: CHC SOLUTIONS, INC. - CHC SOLUTIONS, INC. RETIREMENT PLAN (2022) Form 5500
Creator: CHC SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHC SOLUTIONS, INC. RETIREMENT PLAN, CHC SOLUTIONS, INC.

CHC SOLUTIONS, INC.EIN 81-5106329Plan #002PY 2022

162 INDUSTRY DRIVE - PITTSBURGH, PA 15275412-235-9550chcsolutions.comLinkedIn201-500 employeesmedical devices

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.1M

-5.7% from 2021

Total participants

232

+3.1% from 2021

Average account balance

$28,222

-10.0% from 2021

Annual return

-14.58%

-27.15 pp from 2021

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.84M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

217

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.

87.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$328

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 2 by compensation

Provider	Service type	Compensation
PCS RETIREMENT, LLC1 year Filed as: PCS RETIREMENT LLC Service code 13 · EIN 23-3038464	Contract Administrator	$26,034
4RIVERS WEALTH MANAGEMENT LLC4 years Service code 27 FOSTER PLAZA 5 651 HOLIDAY DR · PITTSBURGH, PA 15220	Advisory (Plan)	$17,871

Plan features & details

Pension benefit codes2A2E2G2J2S3D

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$44K

$212 / participant

Investment mgmt$18K40.7%
Contract admin$26K59.3%

% of EOY assets

0.724%

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: GROSSMAN YANAK & FORD LLP
Auditor EIN: 251638525
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,222

$65,453-56.9%

$86,698-67.4%

$66,938-57.8%

Participation rate

91.8%

75.5%+16.3pp

76.6%+15.2pp

69.8%+22.0pp

Annual return

-14.58%

-10.89%-3.7pp

35.95%-50.5pp

1.58%-16.2pp

Employer contribution / active EE

$1,428

$2,154-33.7%

$2,837-49.7%

$2,545-43.9%

Participant deferral / active EE

$3,383

$4,102-17.5%

$4,656-27.3%

$4,238-20.2%

Admin fee / account holder

$204

$642-68.2%

$7,493-97.3%

$594-65.6%

Provider

Service type

Compensation

PCS RETIREMENT, LLC1 year

Filed as: PCS RETIREMENT LLC

Service code 13 · EIN 23-3038464

Contract Administrator

$26,034

4RIVERS WEALTH MANAGEMENT LLC4 years

Service code 27

FOSTER PLAZA 5 651 HOLIDAY DR · PITTSBURGH, PA 15220

Advisory (Plan)

$17,871

CHC SOLUTIONS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHC SOLUTIONS, INC. RETIREMENT 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