Retirement plan

PARTNER SOLUTIONS MULTIPLE EMPLOYER PLAN

Name: CSP MANAGEMENT, INC. DBA PARTNER SOLUTIONS FOR SCHOOLS - PARTNER SOLUTIONS MULTIPLE EMPLOYER PLAN (2023) 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 2023

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

Prospect flagsLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$52.2M

+26.0% from 2022

Total participants

2,460

+8.5% from 2022

Average account balance

$21,623

+14.0% from 2022

Annual return

17.75%

+34.95 pp from 2022

Benchmarks

See 300 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort300 peers

Snapshot2023

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3 years Service code 15 · EIN 13-3689044	Recordkeeping	$149,137
BAIRD FUNDS3 years Filed as: ROBERT W. BAIRD & CO. INC Service code 27 · EIN 39-6037917	Advisory (Plan)	$110,720
HONIGMAN MILLER SCHWARTZ AND COHN1 year Filed as: HONIGMAN Service code 17 · EIN 38-1407377	Pension Consulting	$26,116
CROSKEY LANNI, PC2 years Filed as: CROSKEY LANNI Service code 10 · EIN 20-1257602	Accounting	$16,750

Plan features & details

Pension benefit codes2E2F2G2J2K2T2V

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

3 tripped

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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$306K

$149 / participant

Recordkeeping$149K48.7%
Investment mgmt$140K45.8%
Other / not subdivided$17K5.5%

% of EOY assets

0.586%

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: MARCUM LLP
Auditor EIN: 111986323
Audit fees: $16,750
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,623

$105,179-79.4%

$64,099-66.3%

$80,149-73.0%

Participation rate

97.8%

73.5%+24.2pp

72.3%+25.5pp

72.9%+24.8pp

Annual return

17.75%

20.34%-2.6pp

33.70%-15.9pp

40.39%-22.6pp

Employer contribution / active EE

$1,617

$3,311-51.1%

$2,748-41.1%

$2,977-45.7%

Participant deferral / active EE

$2,119

$4,020-47.3%

$3,881-45.4%

$5,015-57.7%

Admin fee / account holder

$127

$113+11.9%

$3,070-95.9%

$145-12.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Service code 15 · EIN 13-3689044

Recordkeeping

$149,137

BAIRD FUNDS3 years

Filed as: ROBERT W. BAIRD & CO. INC

Service code 27 · EIN 39-6037917

Advisory (Plan)

$110,720

HONIGMAN MILLER SCHWARTZ AND COHN1 year

Filed as: HONIGMAN

Service code 17 · EIN 38-1407377

Pension Consulting

$26,116

CROSKEY LANNI, PC2 years

Filed as: CROSKEY LANNI

Service code 10 · EIN 20-1257602

Accounting

$16,750

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