Retirement plan

ZEREP MANAGEMENT CORPORATION 401(K) PLAN

Name: ZEREP MANAGEMENT CORPORATION - ZEREP MANAGEMENT CORPORATION 401(K) PLAN (2023) Form 5500
Creator: ZEREP MANAGEMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ZEREP MANAGEMENT CORPORATION 401(K) PLAN, ZEREP MANAGEMENT CORPORATION

ZEREP MANAGEMENT CORPORATIONEIN 95-2668942Plan #003PY 2023

17445 E. RAILROAD STREET - CITY OF INDUSTRY, CA 91748626-961-6291

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$20M

+20.5% from 2022

Total participants

174

-34.3% from 2022

Average account balance

$120,509

+92.4% from 2022

Annual return

16.16%

+32.60 pp from 2022

Benchmarks

See 1,360 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,360 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.22M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

315

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$193

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 4 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON STREET · CHARLOTTE, NC 28081	Advisory (Plan)	$35,242
ROGERS CLEM AND COMPANY7 years Service code 10 · EIN 95-2694521 1067 PARK VIEW DR · COVINA, CA 91724	Accounting	$10,000
ASCENSUS LLC5 years Filed as: ASCENSUS CONSULTING Service code 13 1102 CHESTNUT HILLS PKWY · FORT WAYNE, IN 468148728	Contract Administrator	$9,390
JPMORGAN INVEST HOLDINGS LLC8+ years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$375

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.

Opportunity flags

2 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).

Expense breakdown

Schedule H Part II

Admin total

$57K

$402 / participant

Investment mgmt$39K67.8%
Contract admin$17K29.2%
Other / not subdivided$2K2.9%

% of EOY assets

0.287%

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: ROGERS, CLEM & COMPANY
Auditor EIN: 952694521
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,509

$41,151+192.8%

$80,648+49.4%

$71,529+68.5%

Participation rate

94.4%

50.2%+44.2pp

67.0%+27.4pp

67.9%+26.5pp

Annual return

16.16%

38.49%-22.3pp

937.21%-921.1pp

28.97%-12.8pp

Employer contribution / active EE

$5,206

$1,513+244.1%

$2,724+91.2%

$2,590+101.0%

Participant deferral / active EE

$6,501

$2,700+140.7%

$4,443+46.3%

$4,291+51.5%

Admin fee / account holder

$346

$1,842-81.2%

$5,382-93.6%

$1,588-78.2%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO ADVISORS LLC

Service code 27

401 S TRYON STREET · CHARLOTTE, NC 28081

Advisory (Plan)

$35,242

ROGERS CLEM AND COMPANY7 years

Service code 10 · EIN 95-2694521

1067 PARK VIEW DR · COVINA, CA 91724

Accounting

$10,000

ASCENSUS LLC5 years

Filed as: ASCENSUS CONSULTING

Service code 13

1102 CHESTNUT HILLS PKWY · FORT WAYNE, IN 468148728

Contract Administrator

$9,390

JPMORGAN INVEST HOLDINGS LLC8+ years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$375

ZEREP MANAGEMENT CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ZEREP MANAGEMENT CORPORATION 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