Retirement plan

COACTION SPECIALTY INSURANCE 401(K) PLAN

Name: COACTION SPECIALTY MANAGEMENT COMPANY - COACTION SPECIALTY INSURANCE 401(K) PLAN (2023) 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 2023

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$55.3M

+15.8% from 2022

Total participants

588

+1.0% from 2022

Average account balance

$96,354

+12.7% from 2022

Annual return

21.12%

+36.58 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

$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 LLC9+ years Service code 27 · EIN 26-0058143	Advisory (Plan)	$36,800
WITHUMSMITH+BROWN, PC1 year Filed as: WITHUMSMITH+BROW, PC Service code 10 · EIN 22-2027092	Accounting	$18,720
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	-$15,499

Plan features & details

Pension benefit codes2J3H3D2F

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

$40K

$102 / participant

Investment mgmt$37K92.0%
Other / not subdivided$3K8.0%

% of EOY assets

0.072%

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: $18,720
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,354

$40,435+138.3%

$80,648+19.5%

$74,473+29.4%

Participation rate

96.4%

47.4%+49.0pp

67.0%+29.4pp

70.7%+25.7pp

Annual return

21.12%

165.22%-144.1pp

937.21%-916.1pp

34.36%-13.2pp

Employer contribution / active EE

$6,183

$1,498+312.8%

$2,724+127.0%

$2,638+134.3%

Participant deferral / active EE

$10,855

$2,673+306.2%

$4,443+144.3%

$4,530+139.6%

Admin fee / account holder

$70

$721-90.3%

$5,382-98.7%

$347-79.9%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC9+ years

Service code 27 · EIN 26-0058143

Advisory (Plan)

$36,800

WITHUMSMITH+BROWN, PC1 year

Filed as: WITHUMSMITH+BROW, PC

Service code 10 · EIN 22-2027092

Accounting

$18,720

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$15,499

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