Retirement plan

CUBRC AND AVARINT EMPLOYEE RETIREMENT PLAN

Name: CUBRC, INC. - CUBRC AND AVARINT EMPLOYEE RETIREMENT PLAN (2023) 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 2023

4455 GENESEE ST, SUITE 106 - BUFFALO, NY 14225716-204-5111cubrc.orgLinkedIn51-200 employeesresearch

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$42.5M

+26.7% from 2022

Total participants

259

+10.7% from 2022

Average account balance

$165,182

+15.3% from 2022

Annual return

21.54%

+38.92 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 37 · EIN 04-2647786	Loan Processing	$60,423
EQUITABLE ADVISORS LLC4 years Service code 27 · EIN 13-4078005	Advisory (Plan)	$38,000

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

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

$98K

$515 / participant

Recordkeeping$60K61.4%
Investment mgmt$38K38.6%

% of EOY assets

0.232%

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: TRONCONI SEGARRA & ASSOCIATES LLP
Auditor EIN: 043728817
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$165,182

$91,439+80.6%

$135,974+21.5%

$71,511+131.0%

Participation rate

99.0%

75.7%+23.3pp

81.9%+17.0pp

67.9%+31.0pp

Annual return

21.54%

29.90%-8.4pp

68.30%-46.8pp

28.86%-7.3pp

Employer contribution / active EE

$9,480

$3,705+155.9%

$4,859+95.1%

$2,589+266.1%

Participant deferral / active EE

$10,241

$7,093+44.4%

$7,760+32.0%

$4,291+138.7%

Admin fee / account holder

$383

$1,267-69.8%

$10,767-96.4%

$1,588-75.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 37 · EIN 04-2647786

Loan Processing

$60,423

EQUITABLE ADVISORS LLC4 years

Service code 27 · EIN 13-4078005

Advisory (Plan)

$38,000

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