Retirement plan

CARTER MCKENZIE SELECT, LLC 401(K)/PROFIT SHARING PLAN

Name: CARTER MCKENZIE SELECT, LLC - CARTER MCKENZIE SELECT, LLC 401(K)/PROFIT SHARING PLAN (2023) Form 5500
Creator: CARTER MCKENZIE SELECT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARTER MCKENZIE SELECT, LLC 401(K)/PROFIT SHARING PLAN, CARTER MCKENZIE SELECT, LLC

CARTER MCKENZIE SELECT, LLCEIN 20-5769565Plan #002PY 2023

300 LITTLETON ROAD SUITE 302 - PARSIPPANY, NJ 07054973-244-6060cartermckenzie.comLinkedIn1-10 employeesstaffing and recruiting

Other plans on this EIN

3 filings

#005Retirement-$3.6M assets #003Retirement-$2.0M assets #004Retirement-$224K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.8M

+16.6% from 2022

Total participants

-6.9% from 2022

Average account balance

$102,997

+21.0% from 2022

Annual return

13.29%

+27.89 pp from 2022

Benchmarks

See 41,854 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,854 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.62M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

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.

261.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$133K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2329

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

0 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 codes2E2J2F2G3D

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.
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

$64K

$7954 / participant

Other / not subdivided$64K100.0%

% of EOY assets

2.288%

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

$102,997

$96,643+6.6%

$86,617+18.9%

$139,456-26.1%

Participation rate

100.0%

74.4%+25.6pp

71.7%+28.3pp

80.3%+19.7pp

Annual return

13.29%

106.57%-93.3pp

591.91%-578.6pp

373.45%-360.2pp

Employer contribution / active EE

$1,986

$3,264-39.2%

$3,023-34.3%

$4,753-58.2%

Participant deferral / active EE

$13,557

$4,835+180.4%

$4,437+205.5%

$6,711+102.0%

Admin fee / account holder

$2,357

$6,406-63.2%

$5,613-58.0%

$11,407-79.3%

CARTER MCKENZIE SELECT, LLC 401(K)/PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARTER MCKENZIE SELECT, LLC 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