Retirement plan

CINEDIGM 401(K) PLAN

Name: CINEDIGM CORP. - CINEDIGM 401(K) PLAN (2020) Form 5500
Creator: CINEDIGM CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CINEDIGM 401(K) PLAN, CINEDIGM CORP.

CINEDIGM CORP.EIN 22-3720962Plan #001PY 2020

45 W 36TH STREET 7TH FLOOR - NEW YORK, NY 10018212-206-8600

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$13.2M

+13.9% from 2019

Total participants

127

-11.2% from 2019

Average account balance

$117,472

+39.3% from 2019

Annual return

17.91%

-4.95 pp from 2019

Benchmarks

See 3,013 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,013 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.04M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

149

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.

80.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+15.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-3

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 3 by compensation

Provider	Service type	Compensation
SOBEL AND CO LLC CPA1 year Filed as: SOBEL CO. LLC Service code 10 · EIN 22-1430039	Accounting	$28,500
ALLIANCE PENSION CONSULTANTS, LLC1 year Filed as: ALLIANT RETIREMENT CONSULTING Service code 27 · EIN 33-0785439	Advisory (Plan)	$15,000
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	-$7,054

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$37K

$571 / participant

Investment mgmt$1180.3%
Other / not subdivided$36K99.7%

% of EOY assets

0.278%

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: SOBEL & COMPANY, LLC
Auditor EIN: 221430039
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,472

$70,486+66.7%

$100,535+16.8%

$79,856+47.1%

Participation rate

76.6%

73.6%+2.9pp

79.4%-2.9pp

69.6%+6.9pp

Annual return

17.91%

21.90%-4.0pp

30.90%-13.0pp

31.71%-13.8pp

Employer contribution / active EE

$3,803

$2,165+75.7%

$3,419+11.3%

$2,471+53.9%

Participant deferral / active EE

$7,596

$5,182+46.6%

$6,271+21.1%

$3,741+103.1%

Admin fee / account holder

$326

$4,480-92.7%

$8,085-96.0%

$5,306-93.8%

Provider

Service type

Compensation

SOBEL AND CO LLC CPA1 year

Filed as: SOBEL CO. LLC

Service code 10 · EIN 22-1430039

Accounting

$28,500

ALLIANCE PENSION CONSULTANTS, LLC1 year

Filed as: ALLIANT RETIREMENT CONSULTING

Service code 27 · EIN 33-0785439

Advisory (Plan)

$15,000

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

-$7,054

CINEDIGM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CINEDIGM 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