Retirement plan

CIS SECURE COMPUTING, INC. 401(K) PROFIT SHARING PLAN

Name: CIS SECURE COMPUTING, INC. - CIS SECURE COMPUTING, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: CIS SECURE COMPUTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CIS SECURE COMPUTING, INC. 401(K) PROFIT SHARING PLAN, CIS SECURE COMPUTING, INC.

CIS SECURE COMPUTING, INC.EIN 20-0858084Plan #001PY 2021

21050 ASHBURN CROSSING DRIVE, SUITE 145 - ASHBURN, VA 20147703-996-0500

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$6.5M

+24.0% from 2020

Total participants

206

+19.1% from 2020

Average account balance

$45,747

+11.0% from 2020

Annual return

10.43%

+0.41 pp from 2020

Benchmarks

See 5,718 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,718 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.07M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

415

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

$4.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$252

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
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$45,403
HERITAGE PENSION ADVISORS, LLC3 years Filed as: HERITAGE INSITUTIONAL SERVICES Service code 27 · EIN 27-2388726	Advisory (Plan)	$11,080
EMPLOYEE BENEFITS GROUP, LLC3 years Service code 13 · EIN 73-1554797	Contract Administrator	$4,430

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$56K

$316 / participant

Investment mgmt$11K19.6%
Contract admin$45K80.4%

% of EOY assets

0.863%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,747

$104,482-56.2%

$159,455-71.3%

$79,393-42.4%

Participation rate

64.8%

76.6%-11.8pp

82.8%-18.0pp

70.7%-5.9pp

Annual return

10.43%

67.96%-57.5pp

263.63%-253.2pp

116.87%-106.4pp

Employer contribution / active EE

$2,266

$3,416-33.7%

$4,830-53.1%

$2,428-6.6%

Participant deferral / active EE

$4,090

$6,467-36.7%

$7,353-44.4%

$4,046+1.1%

Admin fee / account holder

$395

$711-44.5%

$10,800-96.3%

$627-37.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$45,403

HERITAGE PENSION ADVISORS, LLC3 years

Filed as: HERITAGE INSITUTIONAL SERVICES

Service code 27 · EIN 27-2388726

Advisory (Plan)

$11,080

EMPLOYEE BENEFITS GROUP, LLC3 years

Service code 13 · EIN 73-1554797

Contract Administrator

$4,430

CIS SECURE COMPUTING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CIS SECURE COMPUTING, 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