Retirement plan

ACHILLES USA, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: ACHILLES USA, INC. - ACHILLES USA, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: ACHILLES USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACHILLES USA, INC. 401(K) PROFIT SHARING PLAN AND TRUST, ACHILLES USA, INC.

ACHILLES USA, INC.EIN 91-0908438Plan #001PY 2022

1407 80TH STREET SW - EVERETT, WA 982036220425-513-6411achillesusa.comLinkedIn51-200 employeesplastics

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$14M

-19.2% from 2021

Total participants

189

+3.3% from 2021

Average account balance

$75,851

-22.3% from 2021

Annual return

-14.35%

-30.15 pp from 2021

Benchmarks

See 1,872 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.03M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

225

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.

92.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$226

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 3 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP5 years Filed as: USI ADVISORS INC Service code 27 · EIN 06-1397347	Advisory (Plan)	$30,334
SABEY CPA, PLLC4 years Service code 10 · EIN 83-2111556	Accounting	$12,750
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$3,419

Plan features & details

Pension benefit codes2E2F2G2J2S2T3H3D

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$47K

$339 / participant

Other / not subdivided$47K100.0%

% of EOY assets

0.333%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SABEY CPA, PLLC
Auditor EIN: 832111556
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,851

$72,620+4.4%

$90,756-16.4%

$66,930+13.3%

Participation rate

96.4%

73.7%+22.7pp

75.7%+20.7pp

69.8%+26.5pp

Annual return

-14.35%

-12.28%-2.1pp

-12.16%-2.2pp

1.57%-15.9pp

Employer contribution / active EE

$2,737

$2,369+15.5%

$2,922-6.3%

$2,545+7.6%

Participant deferral / active EE

$4,902

$3,979+23.2%

$4,565+7.4%

$4,238+15.7%

Admin fee / account holder

$253

$707-64.3%

$8,445-97.0%

$593-57.4%

Provider

Service type

Compensation

USI CONSULTING GROUP5 years

Filed as: USI ADVISORS INC

Service code 27 · EIN 06-1397347

Advisory (Plan)

$30,334

SABEY CPA, PLLC4 years

Service code 10 · EIN 83-2111556

Accounting

$12,750

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$3,419

ACHILLES USA, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACHILLES USA, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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