Retirement plan

CORE SERVICES GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: CORE SERVICES GROUP, INC. - CORE SERVICES GROUP, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: CORE SERVICES GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORE SERVICES GROUP, INC. 401(K) PROFIT SHARING PLAN, CORE SERVICES GROUP, INC.

CORE SERVICES GROUP, INC.EIN 14-1925944Plan #001PY 2019

45 MAIN ST. SUITE 711 - BROOKLYN, NY 11201718-801-8050LinkedIn1-10 employeesnon-profit organization management

Prospect flagsLow participationLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$758K

+56.7% from 2018

Total participants

469

+266.4% from 2018

Average account balance

$12,421

+10.4% from 2018

Annual return

30.41%

+37.47 pp from 2018

Benchmarks

See 873 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort873 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.11M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

53.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$102K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+13.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4061

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

Top 3 by compensation

Provider	Service type	Compensation
PAYCHEX, INC.1 year Filed as: PAYCHEX Service code 15 · EIN 16-1470238	Recordkeeping	$7,110
TAG RESOURCES, LLC1 year Service code 15 · EIN 62-1874769	Recordkeeping	$2,031
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA FINANCIAL LIFE INS Service code 15 · EIN 36-6071399	Recordkeeping	$1,706

Plan features & details

Pension benefit codes2E2J2F2G3D3H2T

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$11K

$23 / participant

Contract admin$11K100.0%

% of EOY assets

1.432%

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: TEMPLETON & CO
Auditor EIN: 141918990
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,421

$54,237-77.1%

$90,304-86.2%

$67,579-81.6%

Participation rate

11.7%

68.6%-56.9pp

73.3%-61.6pp

71.3%-59.6pp

Annual return

30.41%

37.27%-6.9pp

78.13%-47.7pp

378.56%-348.1pp

Employer contribution / active EE

$1,846-100.0%

$2,855-100.0%

$2,148-100.0%

Participant deferral / active EE

$307

$2,625-88.3%

$3,885-92.1%

$3,539-91.3%

Admin fee / account holder

$178

$123+44.1%

$5,354-96.7%

$142+25.0%

Provider

Service type

Compensation

PAYCHEX, INC.1 year

Filed as: PAYCHEX

Service code 15 · EIN 16-1470238

Recordkeeping

$7,110

TAG RESOURCES, LLC1 year

Service code 15 · EIN 62-1874769

Recordkeeping

$2,031

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA FINANCIAL LIFE INS

Service code 15 · EIN 36-6071399

Recordkeeping

$1,706

CORE SERVICES GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORE SERVICES GROUP, 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