Retirement plan

THE CORING & CUTTING GROUP RETIREMENT PLAN

Name: CORING & CUTTING GROUP. - THE CORING & CUTTING GROUP RETIREMENT PLAN (2020) Form 5500
Creator: CORING & CUTTING GROUP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CORING & CUTTING GROUP RETIREMENT PLAN, CORING & CUTTING GROUP.

CORING & CUTTING GROUP.EIN 20-3861409Plan #001PY 2020

120 WEST 72ND STREET, SUITE 200 - KANSAS CITY, MO 64114816-523-2131LinkedIn201-500 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$19.1M

+15.7% from 2019

Total participants

260

-3.3% from 2019

Average account balance

$76,426

+19.0% from 2019

Annual return

15.56%

-6.50 pp from 2019

Benchmarks

See 1,065 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,065 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.37M

Not enough data

1 years with asset history on file

Average account balance

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

$117K

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.

208

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.

88.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$477

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
MARINER LLC6+ years Filed as: MARINER RETIREMENT ADVISORS Service code 27 · EIN 61-1740806	Advisory (Plan)	$49,447
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754	Recordkeeping	$26,304
PICKETT, CHANEY & MCMULLEN LLP6+ years Filed as: PICKETT, CHANEY AND MCMULLEN LLP Service code 10 · EIN 48-1246310	Accounting	$7,125

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$87K

$523 / participant

Investment mgmt$49K56.6%
Contract admin$26K30.1%
Other / not subdivided$12K13.4%

% of EOY assets

0.458%

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: PICKETT, CHANEY & MCMULLEN LLP
Auditor EIN: 481246310
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,426

$43,133+77.2%

$89,414-14.5%

$73,493+4.0%

Participation rate

94.0%

55.0%+39.1pp

68.0%+26.0pp

70.7%+23.3pp

Annual return

15.56%

135.66%-120.1pp

245.50%-229.9pp

28.51%-13.0pp

Employer contribution / active EE

$2,593

$1,438+80.3%

$2,586+0.2%

$2,270+14.2%

Participant deferral / active EE

$2,960

$2,445+21.1%

$3,890-23.9%

$3,740-20.9%

Admin fee / account holder

$350

$444-21.2%

$4,883-92.8%

$513-31.8%

Provider

Service type

Compensation

MARINER LLC6+ years

Filed as: MARINER RETIREMENT ADVISORS

Service code 27 · EIN 61-1740806

Advisory (Plan)

$49,447

ASCENSUS LLC3 years

Service code 15 · EIN 11-3665754

Recordkeeping

$26,304

PICKETT, CHANEY & MCMULLEN LLP6+ years

Filed as: PICKETT, CHANEY AND MCMULLEN LLP

Service code 10 · EIN 48-1246310

Accounting

$7,125

THE CORING & CUTTING GROUP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CORING & CUTTING GROUP RETIREMENT 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