Retirement plan

HARMONI INTERNATIONAL SPICE INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Name: HARMONI INTERNATIONAL SPICE INC. - HARMONI INTERNATIONAL SPICE INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN (2020) Form 5500
Creator: HARMONI INTERNATIONAL SPICE INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HARMONI INTERNATIONAL SPICE INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN, HARMONI INTERNATIONAL SPICE INC.

HARMONI INTERNATIONAL SPICE INC.EIN 95-4715616Plan #002PY 2020

881 S. AZUSA AVE. - CITY OF INDUSTRY, CA 91748626-330-1550harmonigroup.comLinkedIn11-50 employeesfood production

Other plans on this EIN

1 filing

#001Retirement-$489K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.2M

+36.2% from 2019

Total participants

0.0% from 2019

Average account balance

$83,107

+41.3% from 2019

Annual return

22.13%

+0.73 pp from 2019

Benchmarks

See 22,194 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,194 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.66M

Not enough data

1 years with asset history on file

Average account balance

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

$162K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$744K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+15.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$238

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

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

Expense breakdown

Schedule H Part II

Admin total

$36K

$1484 / participant

Other / not subdivided$36K100.0%

% of EOY assets

1.587%

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

$83,107

$162,821-49.0%

$133,978-38.0%

$158,982-47.7%

Participation rate

95.8%

83.2%+12.6pp

79.8%+16.0pp

82.0%+13.9pp

Annual return

22.13%

41.95%-19.8pp

45.10%-23.0pp

302.99%-280.9pp

Employer contribution / active EE

$7,168

$4,976+44.0%

$3,919+82.9%

$4,763+50.5%

Participant deferral / active EE

$3,979

$5,910-32.7%

$5,047-21.2%

$5,983-33.5%

Admin fee / account holder

$1,319

$11,742-88.8%

$8,930-85.2%

$11,252-88.3%

HARMONI INTERNATIONAL SPICE INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HARMONI INTERNATIONAL SPICE INC. 401(K) SAFE HARBOR 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