Retirement plan

CITADEL SERVICING CORPORATION 401(K) PLAN

Name: CITADEL SERVICING CORPORATION - CITADEL SERVICING CORPORATION 401(K) PLAN (2024) Form 5500
Creator: CITADEL SERVICING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CITADEL SERVICING CORPORATION 401(K) PLAN, CITADEL SERVICING CORPORATION

CITADEL SERVICING CORPORATIONEIN 20-8006279Plan #001PY 2024

3 ADA PARKWAY, SUITE 200 - IRVINE, CA 92618949-953-8171LinkedIn1-10 employees

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$6.4M

+169.4% from 2022

Total participants

462

+46.2% from 2022

Average account balance

$15,214

-27.5% from 2022

Annual return

20.33%

+27.42 pp from 2022

Benchmarks

See 1,550 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,550 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.39M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

420

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+20.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$69

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 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY1 year Service code 26 · EIN 71-0294708	Advisory (Participants)	$30,550
LPL FINANCIAL1 year Filed as: LPL FINANCIAL CORPORATION Service code 99 · EIN 04-3046611	Other Fees	$8,918

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

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

$29K

$83 / participant

Investment mgmt$1K4.1%
Contract admin$26K90.8%
Other / not subdivided$2K5.2%

% of EOY assets

0.454%

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: STEPHENS, REIDING & BELLER LLP
Auditor EIN: 330639599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,214

$129,095-88.2%

$184,185-91.7%

$77,692-80.4%

Participation rate

88.0%

87.3%+0.7pp

86.8%+1.2pp

70.6%+17.5pp

Annual return

20.33%

33.29%-13.0pp

28.81%-8.5pp

31.25%-10.9pp

Employer contribution / active EE

$1,694

$4,410-61.6%

$6,426-73.6%

$2,726-37.9%

Participant deferral / active EE

$5,411

$7,300-25.9%

$9,132-40.7%

$4,648+16.4%

Admin fee / account holder

$69

$256-73.0%

$13,909-99.5%

$431-84.0%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Service code 26 · EIN 71-0294708

Advisory (Participants)

$30,550

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL CORPORATION

Service code 99 · EIN 04-3046611

Other Fees

$8,918

CITADEL SERVICING CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CITADEL SERVICING CORPORATION 401(K) 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