Retirement plan

COACTION SPECIALTY INSURANCE 401(K) PLAN

Name: COACTION SPECIALTY MANAGEMENT COMPANY - COACTION SPECIALTY INSURANCE 401(K) PLAN (2024) Form 5500
Creator: COACTION SPECIALTY MANAGEMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COACTION SPECIALTY INSURANCE 401(K) PLAN, COACTION SPECIALTY MANAGEMENT COMPANY

COACTION SPECIALTY MANAGEMENT COMPANYEIN 13-2511244Plan #004PY 2024

412 MT KEMBLE AVENUE, SUITE 300C - MORRISTOWN, NJ 07960973-532-1454

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$69M

+24.7% from 2023

Total participants

622

+5.8% from 2023

Average account balance

$115,527

+19.9% from 2023

Annual return

22.61%

+1.49 pp from 2023

Benchmarks

See 836 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort836 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$68.97M

Not enough data

1 years with asset history on file

Average account balance

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

$116K

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.

597

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.

94.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+22.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$62

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
CAPFINANCIAL PARTNERS LLC10+ years Service code 27 · EIN 26-0058143	Advisory (Plan)	$36,800
WITHUMSMITH+BROWN, PC2 years Filed as: WITHUMSMITH+BROW, PC Service code 10 · EIN 22-2027092	Accounting	$15,860
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	-$15,495

Plan features & details

Pension benefit codes2J3H2F3D

Plan features

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).
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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$37K

$88 / participant

Investment mgmt$37K99.0%
Other / not subdivided$3651.0%

% of EOY assets

0.054%

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: WITHUM SMITH & BROWN
Auditor EIN: 222027092
Audit fees: $15,860
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,527

$45,031+156.6%

$85,009+35.9%

$77,671+48.7%

Participation rate

94.1%

48.7%+45.4pp

67.5%+26.6pp

70.6%+23.5pp

Annual return

22.61%

79.22%-56.6pp

66.47%-43.9pp

31.21%-8.6pp

Employer contribution / active EE

$7,938

$1,609+393.3%

$2,728+191.0%

$2,726+191.2%

Participant deferral / active EE

$11,553

$2,807+311.5%

$4,522+155.5%

$4,648+148.6%

Admin fee / account holder

$62

$912-93.2%

$6,153-99.0%

$430-85.5%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC10+ years

Service code 27 · EIN 26-0058143

Advisory (Plan)

$36,800

WITHUMSMITH+BROWN, PC2 years

Filed as: WITHUMSMITH+BROW, PC

Service code 10 · EIN 22-2027092

Accounting

$15,860

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$15,495

COACTION SPECIALTY INSURANCE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COACTION SPECIALTY INSURANCE 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