Retirement plan

MARUKAI CORPORATION 401(K) PROFIT SHARING PLAN

Name: MARUKAI CORPORATION - MARUKAI CORPORATION 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: MARUKAI CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARUKAI CORPORATION 401(K) PROFIT SHARING PLAN, MARUKAI CORPORATION

MARUKAI CORPORATIONEIN 99-0113530Plan #001PY 2021

801 KAHEKA STREET - HONOLULU, HI 968143725808-973-6690LinkedIn1-10 employeesfood & beverages

Prospect flagsLow returnsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.3M

+5.1% from 2020

Total participants

854

-2.8% from 2020

Average account balance

$15,397

+7.6% from 2020

Annual return

1.54%

-11.41 pp from 2020

Benchmarks

See 1,264 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,264 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$779K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-102.43%

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

Top 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$67,462
MY GROUP LLC4 years Filed as: SI GROUP Service code 17 · EIN 99-0242337	Pension Consulting	$23,815
PENSION ASSURANCE LLP2 years Service code 10 · EIN 30-0840934	Accounting	$13,000
COMMONWEALTH FINANCIAL NETWORK5 years Service code 27 · EIN 04-2675571	Advisory (Plan)	$12,069

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$122K

$208 / participant

Other / not subdivided$122K100.0%

% of EOY assets

0.989%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,397

$50,956-69.8%

$96,570-84.1%

$86,821-82.3%

Participation rate

90.8%

65.2%+25.6pp

69.8%+21.0pp

72.3%+18.5pp

Annual return

1.54%

21.27%-19.7pp

37.79%-36.3pp

97.94%-96.4pp

Employer contribution / active EE

$685

$1,111-38.3%

$2,357-70.9%

$2,406-71.5%

Participant deferral / active EE

$1,875

$2,954-36.5%

$3,849-51.3%

$4,132-54.6%

Admin fee / account holder

$152

$166-8.3%

$6,182-97.5%

$170-10.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$67,462

MY GROUP LLC4 years

Filed as: SI GROUP

Service code 17 · EIN 99-0242337

Pension Consulting

$23,815

PENSION ASSURANCE LLP2 years

Service code 10 · EIN 30-0840934

Accounting

$13,000

COMMONWEALTH FINANCIAL NETWORK5 years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$12,069

MARUKAI CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARUKAI CORPORATION 401(K) 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