Retirement plan

CARE ENVIRONMENTAL REMEDIATION SERVICES, INC. 401K PLAN

Name: CARE ENVIRONMENTAL REMEDIATION SERVICES, INC. - CARE ENVIRONMENTAL REMEDIATION SERVICES, INC. 401K PLAN (2021) Form 5500
Creator: CARE ENVIRONMENTAL REMEDIATION SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARE ENVIRONMENTAL REMEDIATION SERVICES, INC. 401K PLAN, CARE ENVIRONMENTAL REMEDIATION SERVICES, INC.

CARE ENVIRONMENTAL REMEDIATION SERVICES, INC.EIN 11-3663319Plan #001PY 2021

1248 SUSSEX TURNPIKE, BUILDING A6 - RANDOLPH, NJ 07869973-361-7373careremediation.comLinkedIn11-50 employeesenvironmental services

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

+21.5% from 2020

Total participants

+9.1% from 2020

Average account balance

$140,696

+21.5% from 2020

Annual return

16.08%

+2.52 pp from 2020

Benchmarks

See 15,329 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort15,329 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.51M

Not enough data

1 years with asset history on file

Average account balance

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

$251K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$49K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5667

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,696

$114,093+23.3%

$96,171+46.3%

$167,536-16.0%

Participation rate

88.9%

75.1%+13.8pp

68.4%+20.4pp

82.1%+6.8pp

Annual return

16.08%

190.00%-173.9pp

192.04%-176.0pp

478.82%-462.7pp

Employer contribution / active EE

$3,429-100.0%

$2,799-100.0%

$4,839-100.0%

Participant deferral / active EE

$7,733

$5,197+48.8%

$4,350+77.8%

$6,342+21.9%

Admin fee / account holder

$6,899-100.0%

$5,538-100.0%

$12,315-100.0%

CARE ENVIRONMENTAL REMEDIATION SERVICES, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CARE ENVIRONMENTAL REMEDIATION SERVICES, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion