Retirement plan

CHRISTY EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Name: O'BRIEN INDUSTRIAL HOLDINGS, LLC - CHRISTY EMPLOYEES' PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: O'BRIEN INDUSTRIAL HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHRISTY EMPLOYEES' PROFIT SHARING PLAN AND TRUST, O'BRIEN INDUSTRIAL HOLDINGS, LLC

O'BRIEN INDUSTRIAL HOLDINGS, LLCEIN 92-0198356Plan #001PY 2022

4641 MCREE AVE. - ST. LOUIS, MO 63110314-773-7500

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed May 17, 2024

Plan administrator

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4641 McRee Ave.

St. Louis, MO 63110

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Plans declared (1)

Plan name not on file3 emp

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Total assets (EOY)

$15.3M

-11.1% from 2021

Total participants

166

-1.8% from 2021

Average account balance

$100,280

-11.7% from 2021

Annual return

-16.69%

-24.13 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

$20.24M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

152

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+10.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$436

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES4 years Service code 15 · EIN 16-1450952	Recordkeeping	$39,245
CLAYTON FINANCIAL GROUP, LLC3 years Service code 27 · EIN 47-3829020	Advisory (Plan)	$31,211
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$7,466
CHARLES SCHWAB & CO., INC.4 years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2S2T3D3H

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$70K

$526 / participant

Investment mgmt$31K44.3%
Other / not subdivided$39K55.7%

% of EOY assets

0.459%

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: SCHMERSAHL TRELOAR & CO.
Auditor EIN: 431540459
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,280

$72,620+38.1%

$90,760+10.5%

$66,938+49.8%

Participation rate

90.3%

73.7%+16.6pp

75.7%+14.6pp

69.8%+20.5pp

Annual return

-16.69%

-12.28%-4.4pp

-12.16%-4.5pp

1.58%-18.3pp

Employer contribution / active EE

$4,368

$2,369+84.4%

$2,922+49.5%

$2,545+71.6%

Participant deferral / active EE

$5,542

$3,979+39.3%

$4,565+21.4%

$4,238+30.8%

Admin fee / account holder

$460

$707-34.9%

$8,444-94.5%

$594-22.4%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES4 years

Service code 15 · EIN 16-1450952

Recordkeeping

$39,245

CLAYTON FINANCIAL GROUP, LLC3 years

Service code 27 · EIN 47-3829020

Advisory (Plan)

$31,211

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$7,466

CHARLES SCHWAB & CO., INC.4 years

Service code 59 · EIN 94-1737782

Shareholder Servicing

CHRISTY EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHRISTY EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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