Retirement plan

CENTRAL PENN 401(K) RETIREMENT SAVINGS PLAN

Name: CENTRAL PENN, INC. - CENTRAL PENN 401(K) RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: CENTRAL PENN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL PENN 401(K) RETIREMENT SAVINGS PLAN, CENTRAL PENN, INC.

CENTRAL PENN, INC.EIN 23-1857027Plan #002PY 2020

600 VALLEY ROAD, P.O. BOX 309 - SUMMERDALE, PA 17093717-732-0702LinkedIn1-10 employeese-learning

Other plans on this EIN

1 filing

#001Retirement-$11.4M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.2M

+19.3% from 2019

Total participants

146

-2.0% from 2019

Average account balance

$44,667

+19.3% from 2019

Annual return

13.76%

-4.73 pp from 2019

Benchmarks

See 1,462 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,462 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.21M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

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.

65.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$309K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6771

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

0 years with F_SCH_H allocation on file

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
AMERICAN CENTURY2 years Filed as: AMERICAN CENTURY INVESTMENT INC Service code 28 · EIN 44-6006315	Investment Management	$0
AMERICAN CENTURY2 years Filed as: AMERICAN CENTURY INVESTMENT MANAGEM Service code 28	Investment Management	$0
CHARLES SCHWAB & CO., INC.2 years Service code 19	Securities Custodian	$0
DIMENSIONAL FUND ADVISORS2 years Filed as: DIMENSIONAL FUND ADVISORS LP Service code 28 · EIN 30-0447847	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY & RESEARCH COMPANY Service code 28 · EIN 06-1194217	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Filed as: FIDELITY MANAGEMENT & RESEARCH COMP Service code 28	Investment Management	$0
GOLDMAN SACHS1 year Filed as: GOLDMAN SACHS ASSET LP Service code 28 · EIN 13-4019460	Investment Management	$0
GOLDMAN SACHS1 year Filed as: GOLDMAN SACHS ASSET MANAGEMENT LP Service code 28	Investment Management	$0
T ROWE PRICE RPS INC3 years Filed as: T ROWE PRICE ASSOCIATES INC Service code 28 · EIN 52-2264646	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3F

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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$7K

$55 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.174%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: TROUT CPA
Auditor EIN: 231551315
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,667

$65,322-31.6%

$70,449-36.6%

$73,488-39.2%

Participation rate

61.9%

77.0%-15.0pp

75.1%-13.1pp

70.7%-8.7pp

Annual return

13.76%

15.71%-2.0pp

109.03%-95.3pp

28.51%-14.8pp

Employer contribution / active EE

$2,460-100.0%

$2,737-100.0%

$2,270-100.0%

Participant deferral / active EE

$2,534

$3,375-24.9%

$3,709-31.7%

$3,740-32.2%

Admin fee / account holder

$78

$214-63.6%

$3,845-98.0%

$513-84.8%

Provider

Service type

Compensation

AMERICAN CENTURY2 years

Filed as: AMERICAN CENTURY INVESTMENT INC

Service code 28 · EIN 44-6006315

Investment Management

AMERICAN CENTURY2 years

Filed as: AMERICAN CENTURY INVESTMENT MANAGEM

Service code 28

Investment Management

CHARLES SCHWAB & CO., INC.2 years

Service code 19

Securities Custodian

DIMENSIONAL FUND ADVISORS2 years

Filed as: DIMENSIONAL FUND ADVISORS LP

Service code 28 · EIN 30-0447847

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY & RESEARCH COMPANY

Service code 28 · EIN 06-1194217

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Filed as: FIDELITY MANAGEMENT & RESEARCH COMP

Service code 28

Investment Management

GOLDMAN SACHS1 year

Filed as: GOLDMAN SACHS ASSET LP

Service code 28 · EIN 13-4019460

Investment Management

GOLDMAN SACHS1 year

Filed as: GOLDMAN SACHS ASSET MANAGEMENT LP

Service code 28

Investment Management

T ROWE PRICE RPS INC3 years

Filed as: T ROWE PRICE ASSOCIATES INC

Service code 28 · EIN 52-2264646

Investment Management

CENTRAL PENN 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL PENN 401(K) RETIREMENT SAVINGS 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