Retirement plan

CUSTOM COMPUTER SPECIALIST LLC 401(K) PLAN

Name: CUSTOM COMPUTER SPECIALISTS, LLC - CUSTOM COMPUTER SPECIALIST LLC 401(K) PLAN (2022) Form 5500
Creator: CUSTOM COMPUTER SPECIALISTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUSTOM COMPUTER SPECIALIST LLC 401(K) PLAN, CUSTOM COMPUTER SPECIALISTS, LLC

CUSTOM COMPUTER SPECIALISTS, LLCEIN 11-2497640Plan #002PY 2022

70 SUFFOLK COURT - HAUPPAUGE, NY 11788631-864-6699LinkedIn1-10 employeesinformation technology and services

Prospect flagsLow returnsLow employer contribution

How to read this page

Total assets (EOY)

$30.4M

-17.3% from 2021

Total participants

519

+7.9% from 2021

Average account balance

$61,928

-23.5% from 2021

Annual return

-20.14%

-36.45 pp from 2021

Benchmarks

See 3,158 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,158 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.83M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

466

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.

96.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA INSTITUTIONAL PLAN SERVICES, L Service code 26 · EIN 04-3516284	Advisory (Participants)	$83,971
UBS FINANCIAL SERVICES INC5 years Service code 99 · EIN 13-2638166	Other Fees	$40,702

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$85K

$227 / participant

Other / not subdivided$85K100.0%

% of EOY assets

0.279%

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: GRASSI AND CO., CPAS, P.C.
Auditor EIN: 113266576
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,928

$82,188-24.7%

$125,391-50.6%

$64,824-4.5%

Participation rate

92.5%

77.9%+14.6pp

82.4%+10.1pp

71.5%+21.0pp

Annual return

-20.14%

3.50%-23.6pp

572.41%-592.5pp

32.84%-53.0pp

Employer contribution / active EE

$591

$3,617-83.7%

$4,816-87.7%

$2,507-76.4%

Participant deferral / active EE

$5,331

$7,177-25.7%

$7,448-28.4%

$4,311+23.6%

Admin fee / account holder

$173

$163+5.7%

$10,009-98.3%

$188-8.1%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA INSTITUTIONAL PLAN SERVICES, L

Service code 26 · EIN 04-3516284

Advisory (Participants)

$83,971

UBS FINANCIAL SERVICES INC5 years

Service code 99 · EIN 13-2638166

Other Fees

$40,702

CUSTOM COMPUTER SPECIALIST LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUSTOM COMPUTER SPECIALIST LLC 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