Retirement plan

COMMERCE HOSE & INDUSTRIAL PRODUCTS 401(K) PROFIT SHARING PLAN

Name: COMMERCE HOSE & INDUSTRIAL PRODUCTS - COMMERCE HOSE & INDUSTRIAL PRODUCTS 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: COMMERCE HOSE & INDUSTRIAL PRODUCTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMERCE HOSE & INDUSTRIAL PRODUCTS 401(K) PROFIT SHARING PLAN, COMMERCE HOSE & INDUSTRIAL PRODUCTS

COMMERCE HOSE & INDUSTRIAL PRODUCTSEIN 95-4451876Plan #001PY 2023

4575 E. WASHINGTON BLVD - COMMERCE, CA 90040323-263-9396hoseking.netLinkedIn11-50 employeesindustrial automation

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$291K

+292.5% from 2022

Total participants

+33.3% from 2022

Average account balance

$26,444

+221.1% from 2022

Annual return

6.26%

+6.26 pp from 2022

Benchmarks

See 22,632 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,632 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$527K

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

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

$209K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+19.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4607

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2T3D

Plan features

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$8K

$693 / participant

Other / not subdivided$8K100.0%

% of EOY assets

2.859%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,444

$110,240-76.0%

$96,544-72.6%

$139,487-81.0%

Participation rate

91.7%

78.1%+13.5pp

76.0%+15.7pp

80.3%+11.3pp

Annual return

6.26%

26.41%-20.2pp

25.88%-19.6pp

373.84%-367.6pp

Employer contribution / active EE

$13,796

$3,622+280.9%

$2,966+365.1%

$4,755+190.2%

Participant deferral / active EE

$4,431

$5,549-20.1%

$4,851-8.7%

$6,713-34.0%

Admin fee / account holder

$756

$11,602-93.5%

$8,254-90.8%

$11,407-93.4%

COMMERCE HOSE & INDUSTRIAL PRODUCTS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMERCE HOSE & INDUSTRIAL PRODUCTS 401(K) PROFIT SHARING 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