Retirement plan

FUSCO GROUP 401(K) PLAN

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

THE FUSCO CORPORATIONEIN 06-0356190Plan #003PY 2021

555 LONG WHARF DRIVE, 14TH FLOOR - NEW HAVEN, CT 06511203-777-7451

Other plans on this EIN

1 filing

#001Retirement-$5.2M assets

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$18.3M

+48.6% from 2020

Total participants

109

-2.7% from 2020

Average account balance

$205,202

+53.7% from 2020

Annual return

45.21%

+52.28 pp from 2020

Benchmarks

See 7,182 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,182 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.13M

Not enough data

1 years with asset history on file

Average account balance

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

$233K

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.

171.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$543K

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

+4.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18437

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 3 by compensation

Provider	Service type	Compensation
JANNY MONTGOMERY SCOTT, LLC4 years Service code 10 · EIN 23-0731260	Accounting	$29,840
NEWPORT GROUP, INC.5 years Service code 12 · EIN 27-2037969	Sub-transfer agency fees; Claims proc...	$21,023
MARCUM LLP6+ years Service code 10 · EIN 11-1986323	Accounting	$12,750

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$66K

$800 / participant

Investment mgmt$30K45.0%
Contract admin$21K31.7%
Other / not subdivided$16K23.4%

% of EOY assets

0.363%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$205,202

$137,414+49.3%

$189,520+8.3%

$85,856+139.0%

Participation rate

75.9%

84.6%-8.7pp

87.8%-11.9pp

69.3%+6.6pp

Annual return

45.21%

38.14%+7.1pp

555.25%-510.0pp

318.58%-273.4pp

Employer contribution / active EE

$2,364

$4,344-45.6%

$6,161-61.6%

$2,565-7.8%

Participant deferral / active EE

$5,679

$6,260-9.3%

$8,220-30.9%

$3,952+43.7%

Admin fee / account holder

$746

$8,630-91.4%

$12,046-93.8%

$6,261-88.1%

Provider

Service type

Compensation

JANNY MONTGOMERY SCOTT, LLC4 years

Service code 10 · EIN 23-0731260

Accounting

$29,840

NEWPORT GROUP, INC.5 years

Service code 12 · EIN 27-2037969

Sub-transfer agency fees; Claims proc...

$21,023

MARCUM LLP6+ years

Service code 10 · EIN 11-1986323

Accounting

$12,750

FUSCO GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FUSCO 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