Retirement plan

RAZOR USA, LLC EMPLOYEES' 401(K) PLAN

Name: RAZOR USA, LLC - RAZOR USA, LLC EMPLOYEES' 401(K) PLAN (2022) Form 5500
Creator: RAZOR USA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RAZOR USA, LLC EMPLOYEES' 401(K) PLAN, RAZOR USA, LLC

RAZOR USA, LLCEIN 95-4807765Plan #001PY 2022

12723 E. 166TH STREET - CERRITOS, CA 90703562-345-6033razor.comLinkedIn51-200 employeesconsumer goods

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$12.8M

-20.2% from 2021

Total participants

155

-3.1% from 2021

Average account balance

$94,707

-18.4% from 2021

Annual return

-24.28%

-35.27 pp from 2021

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.79M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

129

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.

85.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+18.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$727

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
LPL FINANCIAL4 years Filed as: LPL FINANCIAL CORPORATION Service code 27 · EIN 04-3046611	Advisory (Plan)	$40,898
MOSS ADAMS LLP2 years Service code 10 · EIN 91-0189318	Accounting	$31,542
EQUITABLE ADVISORS LLC3 years Filed as: EQUITABLE ADVISORS, LLC Service code 27 · EIN 13-4078005	Advisory (Plan)	$4,949
ASCENSUS LLC2 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843	Recordkeeping	$3,600
TRANSAMERICA RETIREMENT SOLUTIONS4 years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$2,482
MESIROW FINANCIAL INVESTMENT MANAGE4 years Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$8K

$69 / participant

Contract admin$8K100.0%

% of EOY assets

0.064%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,707

$65,453+44.7%

$86,698+9.2%

$66,938+41.5%

Participation rate

83.1%

75.5%+7.6pp

76.6%+6.5pp

69.8%+13.2pp

Annual return

-24.28%

-10.89%-13.4pp

35.95%-60.2pp

1.58%-25.9pp

Employer contribution / active EE

$3,033

$2,154+40.8%

$2,837+6.9%

$2,545+19.2%

Participant deferral / active EE

$7,509

$4,102+83.1%

$4,656+61.3%

$4,238+77.2%

Admin fee / account holder

$61

$642-90.6%

$7,493-99.2%

$594-89.8%

Provider

Service type

Compensation

LPL FINANCIAL4 years

Filed as: LPL FINANCIAL CORPORATION

Service code 27 · EIN 04-3046611

Advisory (Plan)

$40,898

MOSS ADAMS LLP2 years

Service code 10 · EIN 91-0189318

Accounting

$31,542

EQUITABLE ADVISORS LLC3 years

Filed as: EQUITABLE ADVISORS, LLC

Service code 27 · EIN 13-4078005

Advisory (Plan)

$4,949

ASCENSUS LLC2 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 15 · EIN 82-3719843

Recordkeeping

$3,600

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$2,482

MESIROW FINANCIAL INVESTMENT MANAGE4 years

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

RAZOR USA, LLC EMPLOYEES' 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RAZOR USA, LLC EMPLOYEES' 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