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 (2022) 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, INC.EIN 22-2589018Plan #001PY 2022

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

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$4.6M

-18.6% from 2021

Total participants

311

+5.4% from 2021

Average account balance

$27,675

-6.2% from 2021

Annual return

-11.77%

-22.55 pp from 2021

Benchmarks

See 3,875 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,875 peers

Snapshot2022

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 5 by compensation

Provider	Service type	Compensation
MERIDIAN WEALTH PARTNERS LLC5 years Filed as: MERIDIAN WEALTH PARTNERS, LLC Service code 27 · EIN 81-5475391 9 OLD LINCOLN HWY · MALVERN, PA 19355	Advisory (Plan)	$22,570
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 · EIN 84-0467907 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$15,817
PENSION PLAN CONSULTANTS LLC8+ years Service code 13 · EIN 26-4274775 653 SKIPPACK PIKE · BLUE BELL, PA 19422	Contract Administrator	$10,619
JUMP PERRY & CO LLP5 years Filed as: JUMP, PERRY & COMPANY, LLP Service code 10 · EIN 22-2264838 12 LEXINGTON AVE · TOMS RIVER, NJ 08754	Accounting	$7,500
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: ADVISED ASSETS GROUP, LLC Service code 28 · EIN 84-0467907 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$984

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$54K

$198 / participant

Other / not subdivided$54K100.0%

% of EOY assets

1.191%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,675

$46,332-40.3%

$143,799-80.8%

$64,819-57.3%

Participation rate

46.9%

64.2%-17.3pp

80.3%-33.4pp

71.5%-24.6pp

Annual return

-11.77%

-10.05%-1.7pp

-0.04%-11.7pp

32.84%-44.6pp

Employer contribution / active EE

$727

$1,911-61.9%

$4,952-85.3%

$2,507-71.0%

Participant deferral / active EE

$830

$2,647-68.7%

$5,638-85.3%

$4,311-80.7%

Admin fee / account holder

$329

$154+114.1%

$14,677-97.8%

$188+75.4%

Provider

Service type

Compensation

MERIDIAN WEALTH PARTNERS LLC5 years

Filed as: MERIDIAN WEALTH PARTNERS, LLC

Service code 27 · EIN 81-5475391

9 OLD LINCOLN HWY · MALVERN, PA 19355

Advisory (Plan)

$22,570

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$15,817

PENSION PLAN CONSULTANTS LLC8+ years

Service code 13 · EIN 26-4274775

653 SKIPPACK PIKE · BLUE BELL, PA 19422

Contract Administrator

$10,619

JUMP PERRY & CO LLP5 years

Filed as: JUMP, PERRY & COMPANY, LLP

Service code 10 · EIN 22-2264838

12 LEXINGTON AVE · TOMS RIVER, NJ 08754

Accounting

$7,500

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28 · EIN 84-0467907

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$984

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