Retirement plan

CLAIMS RECOVERY FINANCIAL SERVICES 401K PLAN

Name: CLAIMS RECOVERY FINANCIAL SERVICES LLC - CLAIMS RECOVERY FINANCIAL SERVICES 401K PLAN (2016) Form 5500
Creator: CLAIMS RECOVERY FINANCIAL SERVICES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLAIMS RECOVERY FINANCIAL SERVICES 401K PLAN, CLAIMS RECOVERY FINANCIAL SERVICES LLC

CLAIMS RECOVERY FINANCIAL SERVICES LLCEIN 20-3866006Plan #001PY 2016

231 EAST AVENUE - ALBION, NY 14411585-589-8943crfservices.comLinkedIn201-500 employeesfinancial services

Prospect flagsLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$3.4M

+20.0% from 2015

Total participants

374

-13.8% from 2015

Average account balance

$11,467

+42.1% from 2015

Annual return

7.19%

+4.36 pp from 2015

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.62M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

140

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.

67.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$114K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$244

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.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$26,734
PPS PENSION & FINANCIAL SERVICES2+ years Filed as: PPS PENSION AND FINANCIAL SERVICES Service code 13 8660 SHERIDAN DRIVE · WILLIAMSVILLE, NY 14221	Contract Administrator	$7,430
PPS PENSION & FINANCIAL SERVICES2+ years Service code 15 · EIN 16-1062503	Recordkeeping	$1,364
ANTHONY M PONTARELLI CPA LLC2+ years Filed as: ANTHONY S TOMASULA Service code 53 8660 SHERIDAN DRIVE · WILLIASMVILLE, NY 14221	Insurance Commissions	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
JOSEPH W. MCCARTHY & ASSOCIATES2+ years Filed as: JOSEPH L. DILEO Service code 53 300 CORPORATE PARKWAY SUITE 216N · AMHERST, NY 14226	Insurance Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSCHUSETTS MUTUAL LIFE INSURANCE Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant 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.

Expense breakdown

Schedule H Part II

Admin total

$28K

$83 / participant

Investment mgmt$28K100.0%

% of EOY assets

0.837%

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: INSERO & CO. CPAS LLP
Auditor EIN: 475324570
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,467

$71,802-84.0%

$133,975-91.4%

$57,658-80.1%

Participation rate

76.0%

85.5%-9.5pp

87.1%-11.1pp

70.2%+5.7pp

Annual return

7.19%

13.51%-6.3pp

29.29%-22.1pp

5.13%+2.1pp

Employer contribution / active EE

$927

$3,161-70.7%

$5,211-82.2%

$1,974-53.0%

Participant deferral / active EE

$1,195

$4,606-74.1%

$6,282-81.0%

$3,061-61.0%

Admin fee / account holder

$96

$88+9.5%

$9,324-99.0%

$95+1.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$26,734

PPS PENSION & FINANCIAL SERVICES2+ years

Filed as: PPS PENSION AND FINANCIAL SERVICES

Service code 13

8660 SHERIDAN DRIVE · WILLIAMSVILLE, NY 14221

Contract Administrator

$7,430

PPS PENSION & FINANCIAL SERVICES2+ years

Service code 15 · EIN 16-1062503

Recordkeeping

$1,364

ANTHONY M PONTARELLI CPA LLC2+ years

Filed as: ANTHONY S TOMASULA

Service code 53

8660 SHERIDAN DRIVE · WILLIASMVILLE, NY 14221

Insurance Commissions

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 27 · EIN 61-1732930

Advisory (Plan)

JOSEPH W. MCCARTHY & ASSOCIATES2+ years

Filed as: JOSEPH L. DILEO

Service code 53

300 CORPORATE PARKWAY SUITE 216N · AMHERST, NY 14226

Insurance Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSCHUSETTS MUTUAL LIFE INSURANCE

Service code 60

Sub-TA Fees

CLAIMS RECOVERY FINANCIAL SERVICES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLAIMS RECOVERY FINANCIAL SERVICES 401K 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