Retirement plan

CREDENCE MANAGEMENT SOLUTIONS GHTP 401(K) PROFIT SHARING PLAN

Name: CREDENCE MANAGEMENT SOLUTIONS LLC - CREDENCE MANAGEMENT SOLUTIONS GHTP 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: CREDENCE MANAGEMENT SOLUTIONS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CREDENCE MANAGEMENT SOLUTIONS GHTP 401(K) PROFIT SHARING PLAN, CREDENCE MANAGEMENT SOLUTIONS LLC

CREDENCE MANAGEMENT SOLUTIONS LLCEIN 20-3679671Plan #003PY 2022

8609 WESTWOOD CENTER DR, SUITE 300 - VIENNA, VA 221822214888-459-2430

Other plans on this EIN

2 filings

#002Retirement-$50.5M assets #004Retirement-$1.6M assets

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.6M

+34.2% from 2021

Total participants

140

+48.9% from 2021

Average account balance

$31,918

+9.0% from 2021

Annual return

-15.00%

-82.89 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.30M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

350

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+24.65%

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$306K

$2504 / participant

Other / not subdivided$306K100.0%

% of EOY assets

8.547%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,918

$84,499-62.2%

$125,391-74.5%

$66,949-52.3%

Participation rate

77.0%

76.4%+0.6pp

82.4%-5.3pp

69.8%+7.2pp

Annual return

-15.00%

-8.49%-6.5pp

572.41%-587.4pp

1.57%-16.6pp

Employer contribution / active EE

$6,613

$3,554+86.1%

$4,816+37.3%

$2,545+159.8%

Participant deferral / active EE

$6,336

$6,785-6.6%

$7,448-14.9%

$4,239+49.5%

Admin fee / account holder

$2,728

$685+298.2%

$10,009-72.7%

$594+359.6%

CREDENCE MANAGEMENT SOLUTIONS GHTP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CREDENCE MANAGEMENT SOLUTIONS GHTP 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