Retirement plan

CNHI, LLC 401(K) PLAN

Name: CNHI, LLC - CNHI, LLC 401(K) PLAN (2024) Form 5500
Creator: CNHI, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CNHI, LLC 401(K) PLAN, CNHI, LLC

CNHI, LLCEIN 82-2664009Plan #001PY 2024

201 MONROE STREET, SUITE 450 - MONTGOMERY, AL 36104334-293-5858cnhi.comLinkedIn1001-5000 employeesnewspapers

Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$64.2M

-2.2% from 2023

Total participants

1,016

+6.3% from 2023

Average account balance

$71,218

-8.9% from 2023

Annual return

13.30%

-3.41 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

$64.24M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

902

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.

79.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.73M

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

+13.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$171

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$61,209
RSM US LLP5 years Service code 10 · EIN 42-0714325	Accounting	$35,696
CAPSOUTH PARTNERS5 years Filed as: CAPSOUTH PARTNERS, INC. Service code 27 · EIN 01-0647966	Advisory (Plan)	$33,296
NOVA 401(K) ASSOCIATES3 years Filed as: NOVA 401K ASOCIATES Service code 13 · EIN 20-1181458	Contract Administrator	$30,737
NOVA 401(K) ASSOCIATES3 years Filed as: NOVA 401K ASSOCIATES Service code 13	Contract Administrator	$25,015
ADMINISTRATIVE FIDUCIARY SERVICES3 years Filed as: ADMINISTRATIVE FIDUCIARY Service code 13 · EIN 46-2919997	Contract Administrator	$18,170

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$154K

$273 / participant

Contract admin$154K100.0%

% of EOY assets

0.240%

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: RSM US LLP
Auditor EIN: 411944416
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,218

$92,186-22.7%

$105,624-32.6%

$77,762-8.4%

Participation rate

79.8%

81.0%-1.2pp

75.3%+4.6pp

70.6%+9.2pp

Annual return

13.30%

17.83%-4.5pp

116.20%-102.9pp

31.27%-18.0pp

Employer contribution / active EE

$217

$3,376-93.6%

$3,168-93.1%

$2,728-92.0%

Participant deferral / active EE

$2,844

$5,395-47.3%

$5,013-43.3%

$4,651-38.8%

Admin fee / account holder

$171

$219-21.9%

$10,961-98.4%

$433-60.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$61,209

RSM US LLP5 years

Service code 10 · EIN 42-0714325

Accounting

$35,696

CAPSOUTH PARTNERS5 years

Filed as: CAPSOUTH PARTNERS, INC.

Service code 27 · EIN 01-0647966

Advisory (Plan)

$33,296

NOVA 401(K) ASSOCIATES3 years

Filed as: NOVA 401K ASOCIATES

Service code 13 · EIN 20-1181458

Contract Administrator

$30,737

NOVA 401(K) ASSOCIATES3 years

Filed as: NOVA 401K ASSOCIATES

Service code 13

Contract Administrator

$25,015

ADMINISTRATIVE FIDUCIARY SERVICES3 years

Filed as: ADMINISTRATIVE FIDUCIARY

Service code 13 · EIN 46-2919997

Contract Administrator

$18,170

CNHI, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CNHI, LLC 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