Retirement plan

CMG CHELSEA, LLC AND AFFILIATES 401(K) PLAN

Name: CMG CHELSEA, LLC - CMG CHELSEA, LLC AND AFFILIATES 401(K) PLAN (2024) Form 5500
Creator: CMG CHELSEA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CMG CHELSEA, LLC AND AFFILIATES 401(K) PLAN, CMG CHELSEA, LLC

CMG CHELSEA, LLCEIN 20-8816858Plan #001PY 2024

316 SOUTH AVENUE - FANWOOD, NJ 07023908-889-4200LinkedIn501-1000 employeeshospital & health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$15M

-8.4% from 2023

Total participants

663

-35.3% from 2023

Average account balance

$27,505

+24.3% from 2023

Annual return

12.99%

-4.70 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.05M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

547

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.

61.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$237

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$84,304
NATIONAL PROFESSIONAL PLANNING GROU2 years Filed as: NATIONAL PROFESSIONAL PLANNING GR Service code 13 494 SYCAMORE AVE, SUITE 100 · SHREWSBURY, NJ 07702	Contract Administrator	$33,420
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SERVICES INC. Service code 27 315 DEADBRICK STREET, 5TH FLOOR · NASHVILLE TN, TN 37238	Advisory (Plan)	$31,659
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$17,901

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$130K

$428 / participant

Investment mgmt$130K100.0%

% of EOY assets

0.863%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,505

$50,902-46.0%

$155,534-82.3%

$77,736-64.6%

Participation rate

61.7%

63.1%-1.4pp

78.2%-16.5pp

70.6%-8.9pp

Annual return

12.99%

34.85%-21.9pp

64.92%-51.9pp

31.26%-18.3pp

Employer contribution / active EE

$528

$1,991-73.5%

$4,675-88.7%

$2,728-80.7%

Participant deferral / active EE

$3,569

$2,824+26.4%

$5,630-36.6%

$4,651-23.3%

Admin fee / account holder

$237

$437-45.7%

$15,900-98.5%

$433-45.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS. CO. OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$84,304

NATIONAL PROFESSIONAL PLANNING GROU2 years

Filed as: NATIONAL PROFESSIONAL PLANNING GR

Service code 13

494 SYCAMORE AVE, SUITE 100 · SHREWSBURY, NJ 07702

Contract Administrator

$33,420

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SERVICES INC.

Service code 27

315 DEADBRICK STREET, 5TH FLOOR · NASHVILLE TN, TN 37238

Advisory (Plan)

$31,659

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$17,901

CMG CHELSEA, LLC AND AFFILIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CMG CHELSEA, LLC AND AFFILIATES 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