Retirement plan

COMMUNITY LABOR ADMINISTRATIVE SERVICES, INC. 401(K) PROFIT SHARING PLAN

Name: COMMUNITY LABOR ADMINISTRATIVE SERVICES, INC. - COMMUNITY LABOR ADMINISTRATIVE SERVICES, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: COMMUNITY LABOR ADMINISTRATIVE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY LABOR ADMINISTRATIVE SERVICES, INC. 401(K) PROFIT SHARING PLAN, COMMUNITY LABOR ADMINISTRATIVE SERVICES, INC.

COMMUNITY LABOR ADMINISTRATIVE SERVICES, INC.EIN 11-3520187Plan #001PY 2023

77 SANDS ST FL 6 - BROOKLYN, NY 112011431718-222-3796communitylabor.comLinkedIn51-200 employeesgovernment relations

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10M

+56.7% from 2022

Total participants

355

-22.0% from 2022

Average account balance

$34,311

+37.3% from 2022

Annual return

30.28%

+33.12 pp from 2022

Benchmarks

See 820 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort820 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.83M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

324

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.

59.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.97M

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

+14.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12

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 3 by compensation

Provider	Service type	Compensation
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH, INC. Service code 55	Other Commissions	$11,291
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER LIFE & ANNUITY INS CO OF NY Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$5,303
OSAIC WEALTH INC1 year Service code 55 10 EXCHANGE PL STE 1410 · JERSEY CITY, NJ 07302	Other Commissions	$0

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$3K

$11 / participant

Recordkeeping$3K100.0%

% of EOY assets

0.035%

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: CONDON O'MEARA MCGINTY DONNELLY LLP
Auditor EIN: 133628255
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,311

$40,435-15.1%

$80,627-57.4%

$74,460-53.9%

Participation rate

79.3%

47.4%+31.9pp

67.0%+12.3pp

70.7%+8.6pp

Annual return

30.28%

165.19%-134.9pp

936.76%-906.5pp

34.38%-4.1pp

Employer contribution / active EE

$2,771

$1,498+85.0%

$2,723+1.8%

$2,638+5.0%

Participant deferral / active EE

$4,576

$2,673+71.2%

$4,443+3.0%

$4,530+1.0%

Admin fee / account holder

$12

$721-98.3%

$5,381-99.8%

$348-96.6%

Provider

Service type

Compensation

OSAIC WEALTH INC1 year

Filed as: OSAIC WEALTH, INC.

Service code 55

Other Commissions

$11,291

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER LIFE & ANNUITY INS CO OF NY

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$5,303

OSAIC WEALTH INC1 year

Service code 55

10 EXCHANGE PL STE 1410 · JERSEY CITY, NJ 07302

Other Commissions

COMMUNITY LABOR ADMINISTRATIVE SERVICES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY LABOR ADMINISTRATIVE SERVICES, INC. 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