Retirement plan

CHANGMING ENTERPRISE, INC. RETIREMENT PLAN

Name: CHANGMING ENTERPRISE, INC. - CHANGMING ENTERPRISE, INC. RETIREMENT PLAN (2022) Form 5500
Creator: CHANGMING ENTERPRISE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHANGMING ENTERPRISE, INC. RETIREMENT PLAN, CHANGMING ENTERPRISE, INC.

CHANGMING ENTERPRISE, INC.EIN 95-4687040Plan #001PY 2022

3562 S. DIAMOND CANYON RD - DIAMOND BAR, CA 91765909-630-8380

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$978K

+16.5% from 2021

Total participants

0.0% from 2021

Average account balance

$489,125

+16.5% from 2021

Annual return

1.16%

-5.15 pp from 2021

Benchmarks

See 23,471 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,471 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.36M

Not enough data

1 years with asset history on file

Average account balance

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

$678K

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

$146K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$73K

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

+4.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J3D

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.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$489,125

$142,361+243.6%

$119,608+308.9%

$134,509+263.6%

Participation rate

100.0%

82.8%+17.2pp

79.3%+20.7pp

81.2%+18.8pp

Annual return

1.16%

-12.46%+13.6pp

-14.98%+16.1pp

418.13%-417.0pp

Employer contribution / active EE

$40,500

$5,224+675.3%

$4,232+856.9%

$4,741+754.3%

Participant deferral / active EE

$23,750

$6,468+267.2%

$5,601+324.0%

$6,400+271.1%

Admin fee / account holder

$13,588-100.0%

$10,326-100.0%

$11,427-100.0%

CHANGMING ENTERPRISE, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CHANGMING ENTERPRISE, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion