Retirement plan

PARTNER SOLUTIONS MULTIPLE EMPLOYER PLAN

Name: CSP MANAGEMENT, INC. DBA PARTNER SOLUTIONS FOR SCHOOLS - PARTNER SOLUTIONS MULTIPLE EMPLOYER PLAN (2019) 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 2019

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

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$32.2M

+29.9% from 2018

Total participants

2,060

+31.4% from 2018

Average account balance

$21,059

+6.2% from 2018

Annual return

23.93%

+32.22 pp from 2018

Benchmarks

See 266 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort266 peers

Snapshot2019

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 7 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850 430 W 7TH STREER · KANSAS CITY, MO 64105	Other Services	$53,613
THE BENEFIT ADVANTAGE, INC.5+ years Service code 13	Contract Administrator	$22,983
CSP MANAGEMENT, INC.3 years Service code 10 · EIN 20-1257602	Accounting	$13,557
THE BENEFIT ADVANTAGE, INC.5+ years Filed as: THE BENEFIT ADVANTAGE Service code 13 · EIN 38-3254950 3497 AUBURN RD · AUBURN HILLS, MI 48326	Contract Administrator	$4,000
ALGER3 years Service code 52 · EIN 13-2665689	Indirect Investment Fees	$0
BAIRD INSURANCE SERVICES INC4 years Filed as: BAIRD INSURANCE SERVICES Service code 53 · EIN 39-1236032	Insurance Commissions	$0
INVESCO3 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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$88K

$57 / participant

Investment mgmt$88K100.0%

% of EOY assets

0.272%

all-in expense ratio

Categories reported

1 / 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

$21,059

$204,517-89.7%

$69,464-69.7%

$77,775-72.9%

Participation rate

65.5%

74.6%-9.1pp

73.2%-7.7pp

Annual return

23.93%

22.10%+1.8pp

28.98%-5.0pp

32.58%-8.6pp

Employer contribution / active EE

$1,131

$3,548-68.1%

$2,779-59.3%

$2,504-54.8%

Participant deferral / active EE

$1,732

$3,478-50.2%

$3,536-51.0%

$3,966-56.3%

Admin fee / account holder

$57

$101-43.1%

$3,840-98.5%

$100-42.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

430 W 7TH STREER · KANSAS CITY, MO 64105

Other Services

$53,613

THE BENEFIT ADVANTAGE, INC.5+ years

Service code 13

Contract Administrator

$22,983

CSP MANAGEMENT, INC.3 years

Service code 10 · EIN 20-1257602

Accounting

$13,557

THE BENEFIT ADVANTAGE, INC.5+ years

Filed as: THE BENEFIT ADVANTAGE

Service code 13 · EIN 38-3254950

3497 AUBURN RD · AUBURN HILLS, MI 48326

Contract Administrator

$4,000

ALGER3 years

Service code 52 · EIN 13-2665689

Indirect Investment Fees

BAIRD INSURANCE SERVICES INC4 years

Filed as: BAIRD INSURANCE SERVICES

Service code 53 · EIN 39-1236032

Insurance Commissions

INVESCO3 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