Retirement plan

CUBRC AND AVARINT EMPLOYEE RETIREMENT PLAN

Name: CUBRC, INC. - CUBRC AND AVARINT EMPLOYEE RETIREMENT PLAN (2019) Form 5500
Creator: CUBRC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUBRC AND AVARINT EMPLOYEE RETIREMENT PLAN, CUBRC, INC.

CUBRC, INC.EIN 22-2505934Plan #002PY 2019

4455 GENESEE ST - BUFFALO, NY 14225716-204-5111cubrc.orgLinkedIn51-200 employeesresearch

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$24.7M

+29.3% from 2018

Total participants

199

+8.2% from 2018

Average account balance

$126,423

+22.0% from 2018

Annual return

23.87%

+29.65 pp from 2018

Benchmarks

See 5,552 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,552 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.63M

Not enough data

1 years with asset history on file

Average account balance

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

$177K

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.

281

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+18.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$386

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
AXA EQUITABLE LIFE INSURANCE CO2 years Filed as: AXA ADVISORS LLC Service code 27 · EIN 13-4078005	Advisory (Plan)	$38,000
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$35,875

Plan features & details

Pension benefit codes2F2G2J2T3D2E

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

$74K

$471 / participant

Other / not subdivided$74K100.0%

% of EOY assets

0.300%

all-in expense ratio

Categories reported

0 / 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: TRONCONI SEGARRA & ASSOCIATES LLP
Auditor EIN: 043728817
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,423

$89,652+41.0%

$141,197-10.5%

$65,186+93.9%

Participation rate

97.5%

74.7%+22.7pp

82.5%+15.0pp

70.2%+27.3pp

Annual return

23.87%

32.79%-8.9pp

71.41%-47.5pp

29.39%-5.5pp

Employer contribution / active EE

$8,807

$3,065+187.4%

$4,736+86.0%

$2,177+304.6%

Participant deferral / active EE

$8,558

$5,691+50.4%

$6,710+27.5%

$3,514+143.5%

Admin fee / account holder

$379

$569-33.4%

$10,265-96.3%

$847-55.3%

Provider

Service type

Compensation

AXA EQUITABLE LIFE INSURANCE CO2 years

Filed as: AXA ADVISORS LLC

Service code 27 · EIN 13-4078005

Advisory (Plan)

$38,000

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$35,875

CUBRC AND AVARINT EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUBRC AND AVARINT EMPLOYEE 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