Retirement plan

COPLEY PROFESSIONAL SERVICES GROUP 401(K) PLAN

Name: COPLEY PROFESSIONAL SERVICES GROUP, INC. - COPLEY PROFESSIONAL SERVICES GROUP 401(K) PLAN (2020) Form 5500
Creator: COPLEY PROFESSIONAL SERVICES GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COPLEY PROFESSIONAL SERVICES GROUP 401(K) PLAN, COPLEY PROFESSIONAL SERVICES GROUP, INC.

COPLEY PROFESSIONAL SERVICES GROUP, INC.EIN 04-3358048Plan #001PY 2020

P.O. BOX 749 - MORRISVILLE, VT 05661802-851-8603lamoillehealthpartners.orgLinkedIn51-200 employeesmedical practice

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.6M

+16.1% from 2019

Total participants

256

+10.3% from 2019

Average account balance

$46,340

+4.8% from 2019

Annual return

17.37%

-2.61 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.41M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

247

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.

67.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.98%

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

1 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
HORNER TOWNSEND & KENT INC4 years Service code 53	Insurance Commissions	$17,761
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSSETS MUTUAL LIFE INS CO Service code 49 · EIN 04-1590850	Other Services	$3,376
FUTURE PLAN CONSULTING - FORT WAYNE5+ years Filed as: FUTURE PLANNING ASSOCIATES Service code 13 · EIN 03-0271340	Contract Administrator	$0
HONOR TOWNSHEND & KENT INC5+ years Service code 53 · EIN 23-1706139	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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

$3K

$17 / participant

Contract admin$3K100.0%

% of EOY assets

0.039%

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: BAKER NEWMAN NOYES
Auditor EIN: 010494526
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,340

$58,888-21.3%

$178,499-74.0%

$73,493-36.9%

Participation rate

65.7%

66.2%-0.5pp

81.9%-16.2pp

70.7%-5.0pp

Annual return

17.37%

24.86%-7.5pp

151.10%-133.7pp

28.51%-11.1pp

Employer contribution / active EE

$1,350

$2,236-39.6%

$5,011-73.1%

$2,270-40.5%

Participant deferral / active EE

$2,156

$2,568-16.0%

$5,202-58.5%

$3,740-42.3%

Admin fee / account holder

$18

$400-95.5%

$13,986-99.9%

$513-96.5%

Provider

Service type

Compensation

HORNER TOWNSEND & KENT INC4 years

Service code 53

Insurance Commissions

$17,761

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSSETS MUTUAL LIFE INS CO

Service code 49 · EIN 04-1590850

Other Services

$3,376

FUTURE PLAN CONSULTING - FORT WAYNE5+ years

Filed as: FUTURE PLANNING ASSOCIATES

Service code 13 · EIN 03-0271340

Contract Administrator

HONOR TOWNSHEND & KENT INC5+ years

Service code 53 · EIN 23-1706139

Insurance Commissions

COPLEY PROFESSIONAL SERVICES GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COPLEY PROFESSIONAL SERVICES GROUP 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