Retirement plan

COMMUNITY SOLUTIONS, INC. PROTOTYPE 401(K) PROFIT-SHARING PLAN

Name: COMMUNITY SOLUTIONS, INC. - COMMUNITY SOLUTIONS, INC. PROTOTYPE 401(K) PROFIT-SHARING PLAN (2019) Form 5500
Creator: COMMUNITY SOLUTIONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY SOLUTIONS, INC. PROTOTYPE 401(K) PROFIT-SHARING PLAN, COMMUNITY SOLUTIONS, INC.

COMMUNITY SOLUTIONS, INC.EIN 06-1580562Plan #001PY 2019

340 W. NEWBERRY ROAD, SUITE B - BLOOMFIELD, CT 06002860-683-7111csi-online.orgLinkedIn201-500 employeesindividual & family services

Prospect flagsLow returnsFailed to transmit contributions

Top hat statement on fileNQDC

Filed April 25, 2007

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$9.3M

+1.4% from 2018

Total participants

547

-26.2% from 2018

Average account balance

$19,535

+32.4% from 2018

Annual return

5.82%

-1.61 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.75M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

895

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.

91.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.57M

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

+11.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$118

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 10 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 49 · EIN 04-1590850	Other Services	$95,567
AMERIPRISE FINANCIAL SERVICES INC2 years Service code 53 · EIN 41-0973005	Insurance Commissions	$15,406
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 26 · EIN 61-1732930	Advisory (Participants)	$6
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS2 years Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Service code 52 · EIN 22-2169185	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 94-2362417	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT2 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
OPPENHEIMER2 years Service code 52 · EIN 13-5657518	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.2 years Filed as: VANGUARD Service code 52 · EIN 23-1999755	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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

2 tripped

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

$96K

$213 / participant

Investment mgmt$71K74.8%
Contract admin$24K24.6%
Other / not subdivided$5170.5%

% of EOY assets

1.023%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WHITTLESEY, PC
Auditor EIN: 060903326
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,535

$62,928-69.0%

$172,752-88.7%

$67,579-71.1%

Participation rate

84.6%

64.5%+20.1pp

82.6%+2.0pp

71.3%+13.3pp

Annual return

5.82%

30.36%-24.5pp

802.97%-797.1pp

378.56%-372.7pp

Employer contribution / active EE

$592

$1,636-63.8%

$5,144-88.5%

$2,148-72.4%

Participant deferral / active EE

$1,370

$2,145-36.1%

$5,198-73.7%

$3,539-61.3%

Admin fee / account holder

$200

$167+20.0%

$13,955-98.6%

$142+40.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 49 · EIN 04-1590850

Other Services

$95,567

AMERIPRISE FINANCIAL SERVICES INC2 years

Service code 53 · EIN 41-0973005

Insurance Commissions

$15,406

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 26 · EIN 61-1732930

Advisory (Participants)

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS2 years

Service code 52 · EIN 36-3129984

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Service code 52 · EIN 22-2169185

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 94-2362417

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT2 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

OPPENHEIMER2 years

Service code 52 · EIN 13-5657518

Indirect Investment Fees

THE VANGUARD GROUP, INC.2 years

Filed as: VANGUARD

Service code 52 · EIN 23-1999755

Indirect Investment Fees

COMMUNITY SOLUTIONS, INC. PROTOTYPE 401(K) PROFIT-SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY SOLUTIONS, INC. PROTOTYPE 401(K) PROFIT-SHARING PLAN

Top hat statement on fileNQDC

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