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 (2024) 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 2024

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

Other plans on this EIN

1 filing

#001Retirement-$552K assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$5.7M

+32.8% from 2023

Total participants

-2.8% from 2023

Average account balance

$161,705

+36.6% from 2023

Annual return

15.54%

-7.38 pp from 2023

Benchmarks

See 8,995 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,995 peers

Snapshot2024

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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$8K

$277 / participant

Other / not subdivided$8K100.0%

% of EOY assets

0.147%

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

$161,705

$101,798+58.8%

$165,071-2.0%

$80,935+99.8%

Participation rate

100.0%

71.8%+28.2pp

78.6%+21.4pp

67.7%+32.3pp

Annual return

15.54%

16.73%-1.2pp

70.17%-54.6pp

35.66%-20.1pp

Employer contribution / active EE

$14,538

$2,954+392.1%

$4,347+234.4%

$2,757+427.4%

Participant deferral / active EE

$10,275

$4,476+129.5%

$6,035+70.2%

$4,299+139.0%

Admin fee / account holder

$238

$8,221-97.1%

$12,695-98.1%

$6,924-96.6%

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