Retirement plan

PARTNER SOLUTIONS MULTIPLE EMPLOYER PLAN

Name: CSP MANAGEMENT, INC. DBA PARTNER SOLUTIONS FOR SCHOOLS - PARTNER SOLUTIONS MULTIPLE EMPLOYER PLAN (2018) Form 5500
Creator: CSP MANAGEMENT, INC. DBA PARTNER SOLUTIONS FOR SCHOOLS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARTNER SOLUTIONS MULTIPLE EMPLOYER PLAN, CSP MANAGEMENT, INC. DBA PARTNER SOLUTIONS FOR SCHOOLS

CSP MANAGEMENT, INC. DBA PARTNER SOLUTIONS FOR SCHOOLSEIN 20-1257602Plan #001PY 2018

869 S. OLD US 23, SUITE 500 - BRIGHTON, MI 48114810-229-5145

Prospect flagsLow returnsLow assets / participantLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$24.8M

-1.0% from 2017

Total participants

1,568

-3.6% from 2017

Average account balance

$19,823

-17.5% from 2017

Annual return

-8.29%

-26.20 pp from 2017

Benchmarks

See 265 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort265 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$63.71M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

2,500

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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 10 of 14 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850 430 W 7TH STREER · KANSAS CITY, MO 64105	Other Services	$40,617
THE BENEFIT ADVANTAGE, INC.4+ years Service code 13	Contract Administrator	$23,182
THE BENEFIT ADVANTAGE, INC.4+ years Filed as: THE BENEFIT ADVANTAGE Service code 13 · EIN 38-3254950 3497 AUBURN RD · AUBURN HILLS, MI 48326	Contract Administrator	$10,900
CSP MANAGEMENT, INC.2 years Service code 10 · EIN 20-1257602	Accounting	$9,825
ALGER2 years Service code 52 · EIN 13-2665689	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BAIRD INSURANCE SERVICES INC3 years Filed as: BAIRD INSURANCE SERVICES Service code 53 · EIN 39-1236032	Insurance Commissions	$0
EATON VANCE2 years Service code 52 · EIN 04-6039283	Indirect Investment Fees	$0
FRANKLIN TEMPLETON2 years Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 84-0933032	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2G2J2K2T2F

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.

Opportunity flags

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$52K

$36 / participant

Investment mgmt$28K54.0%
Contract admin$24K46.0%

% of EOY assets

0.208%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CROSKEY LANNI, PC
Auditor EIN: 382777985
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,823

$87,173-77.3%

$59,899-66.9%

$75,289-73.7%

Participation rate

77.5%

74.5%+3.1pp

74.7%+2.8pp

72.4%+5.1pp

Annual return

-8.29%

-2.14%-6.1pp

3.46%-11.7pp

-0.04%-8.3pp

Employer contribution / active EE

$1,088

$3,473-68.7%

$2,723-60.0%

$2,405-54.7%

Participant deferral / active EE

$1,422

$3,379-57.9%

$3,402-58.2%

$3,739-62.0%

Admin fee / account holder

$41

$75-44.9%

$3,592-98.9%

$102-59.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

430 W 7TH STREER · KANSAS CITY, MO 64105

Other Services

$40,617

THE BENEFIT ADVANTAGE, INC.4+ years

Service code 13

Contract Administrator

$23,182

THE BENEFIT ADVANTAGE, INC.4+ years

Filed as: THE BENEFIT ADVANTAGE

Service code 13 · EIN 38-3254950

3497 AUBURN RD · AUBURN HILLS, MI 48326

Contract Administrator

$10,900

CSP MANAGEMENT, INC.2 years

Service code 10 · EIN 20-1257602

Accounting

$9,825

ALGER2 years

Service code 52 · EIN 13-2665689

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BAIRD INSURANCE SERVICES INC3 years

Filed as: BAIRD INSURANCE SERVICES

Service code 53 · EIN 39-1236032

Insurance Commissions

EATON VANCE2 years

Service code 52 · EIN 04-6039283

Indirect Investment Fees

FRANKLIN TEMPLETON2 years

Service code 52 · EIN 59-6865210

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 84-0933032

Indirect Investment Fees

PARTNER SOLUTIONS MULTIPLE EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARTNER SOLUTIONS MULTIPLE EMPLOYER 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