Retirement plan

CITY MILL COMPANY, LIMITED PROFIT SHARING 401(K) PLAN

Name: CITY MILL COMPANY, LIMITED - CITY MILL COMPANY, LIMITED PROFIT SHARING 401(K) PLAN (2023) Form 5500
Creator: CITY MILL COMPANY, LIMITED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CITY MILL COMPANY, LIMITED PROFIT SHARING 401(K) PLAN, CITY MILL COMPANY, LIMITED

CITY MILL COMPANY, LIMITEDEIN 99-0036090Plan #002PY 2023

660 NORTH NIMITZ HIGHWAY - HONOLULU, HI 96817808-533-3811citymill.comLinkedIn201-500 employeesretail

Other plans on this EIN

1 filing

#003Retirement-$31K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$13.7M

+16.5% from 2022

Total participants

342

-1.7% from 2022

Average account balance

$41,558

+19.3% from 2022

Annual return

15.57%

+28.40 pp from 2022

Benchmarks

See 2,288 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,288 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$13.64M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

306

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.

95.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$835K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+8.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$288

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH Service code 52 · EIN 13-5674085 PO BOX 74008967 · CHICAGO, IL 60674	Indirect Investment Fees	$37,872
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-0472300 PO BOX 7877 · FORT WAYNE, IN 46802	Contract Administrator	$34,016
KMH LLP1 year Service code 10 · EIN 42-1539623 1003 BISHOP ST STE 2400 · HONOLULU, HI 96813	Accounting	$15,686

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$88K

$363 / participant

Investment mgmt$38K43.2%
Contract admin$34K38.8%
Other / not subdivided$16K17.9%

% of EOY assets

0.641%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: KMH LLP
Auditor EIN: 421539623
Audit fees: $15,686
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,558

$54,701-24.0%

$86,188-51.8%

$71,457-41.8%

Participation rate

94.6%

60.1%+34.5pp

69.0%+25.6pp

67.9%+26.7pp

Annual return

15.57%

20.06%-4.5pp

1168.45%-1152.9pp

28.85%-13.3pp

Employer contribution / active EE

$1,272

$1,265+0.6%

$2,380-46.5%

$2,588-50.8%

Participant deferral / active EE

$2,271

$3,108-26.9%

$3,985-43.0%

$4,289-47.1%

Admin fee / account holder

$266

$1,922-86.1%

$6,852-96.1%

$1,587-83.2%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH

Service code 52 · EIN 13-5674085

PO BOX 74008967 · CHICAGO, IL 60674

Indirect Investment Fees

$37,872

LINCOLN NATIONAL CORPORATION3 years

Service code 13 · EIN 35-0472300

PO BOX 7877 · FORT WAYNE, IN 46802

Contract Administrator

$34,016

KMH LLP1 year

Service code 10 · EIN 42-1539623

1003 BISHOP ST STE 2400 · HONOLULU, HI 96813

Accounting

$15,686

CITY MILL COMPANY, LIMITED PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CITY MILL COMPANY, LIMITED PROFIT SHARING 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