Retirement plan

COLLABORATIVE SUPPORT PROGRAMS 401(K) PROFIT SHARING PLAN & TRUST

Name: COLLABORATIVE SUPPORT PROGRAMS OF NEW JERSEY INC - COLLABORATIVE SUPPORT PROGRAMS 401(K) PROFIT SHARING PLAN & TRUST (2016) Form 5500
Creator: COLLABORATIVE SUPPORT PROGRAMS OF NEW JERSEY INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLLABORATIVE SUPPORT PROGRAMS 401(K) PROFIT SHARING PLAN & TRUST, COLLABORATIVE SUPPORT PROGRAMS OF NEW JERSEY INC

COLLABORATIVE SUPPORT PROGRAMS OF NEW JERSEY INCEIN 22-2589018Plan #001PY 2016

11 SPRING STREET - FREEHOLD, NJ 07728732-780-1175cspnj.orgLinkedIn51-200 employeesmental health care

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$3.6M

+12.3% from 2015

Total participants

256

+4.1% from 2015

Average account balance

$16,785

+4.5% from 2015

Annual return

7.06%

+9.75 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.64M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

182

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.

41.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$509K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$326

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
ASPIRE FINANCIAL SERVICES2+ years Filed as: ASPIRE FINANCIAL SERVICES, LLC Service code 15 · EIN 27-1033755	Recordkeeping	$17,704
HJ WEALTH MANAGEMENT LLC2+ years Service code 27 · EIN 33-1109526	Advisory (Plan)	$15,338
PENSION PLAN CONSULTANTS LLC2+ years Service code 16 · EIN 26-4274775	Consulting	$9,383
JUMP PERRY & CO LLP2+ years Filed as: JUMP, PERRY AND CO. LLP Service code 10 · EIN 22-2264838	Accounting	$6,500

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$45K

$227 / participant

Other / not subdivided$45K100.0%

% of EOY assets

1.242%

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: JUMP, PERRY AND COMPANY, L.L.P
Auditor EIN: 222264838
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,785

$46,732-64.1%

$156,551-89.3%

$55,167-69.6%

Participation rate

79.8%

65.8%+14.0pp

84.0%-4.2pp

69.0%+10.8pp

Annual return

7.06%

17.72%-10.7pp

32.23%-25.2pp

169.23%-162.2pp

Employer contribution / active EE

$561

$2,105-73.4%

$5,501-89.8%

$1,963-71.4%

Participant deferral / active EE

$1,201

$2,204-45.5%

$4,871-75.3%

$3,054-60.7%

Admin fee / account holder

$209

$418-50.2%

$13,028-98.4%

$504-58.6%

Provider

Service type

Compensation

ASPIRE FINANCIAL SERVICES2+ years

Filed as: ASPIRE FINANCIAL SERVICES, LLC

Service code 15 · EIN 27-1033755

Recordkeeping

$17,704

HJ WEALTH MANAGEMENT LLC2+ years

Service code 27 · EIN 33-1109526

Advisory (Plan)

$15,338

PENSION PLAN CONSULTANTS LLC2+ years

Service code 16 · EIN 26-4274775

Consulting

$9,383

JUMP PERRY & CO LLP2+ years

Filed as: JUMP, PERRY AND CO. LLP

Service code 10 · EIN 22-2264838

Accounting

$6,500

COLLABORATIVE SUPPORT PROGRAMS 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLLABORATIVE SUPPORT PROGRAMS 401(K) PROFIT SHARING PLAN & TRUST

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