Retirement plan

USC PROFIT SHARING/401(K) RETIREMENT PLAN

Name: USC CONSULTING GROUP, LP - USC PROFIT SHARING/401(K) RETIREMENT PLAN (2022) Form 5500
Creator: USC CONSULTING GROUP, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, USC PROFIT SHARING/401(K) RETIREMENT PLAN, USC CONSULTING GROUP, LP

USC CONSULTING GROUP, LPEIN 23-1953580Plan #002PY 2022

3000 BAYPORT DRIVE, SUITE 1010 - TAMPA, FL 336078402813-636-4004usccg.comLinkedIn51-200 employeesmanagement consulting

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.2M

-27.3% from 2021

Total participants

139

+11.2% from 2021

Average account balance

$120,658

-34.9% from 2021

Annual return

-14.11%

-26.87 pp from 2021

Benchmarks

See 27,998 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,998 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.18M

Not enough data

1 years with asset history on file

Average account balance

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

$148K

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.

95.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$539K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+9.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$129

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
MERRILL LYNCH PIERCE FENNER & SMITH8+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$49,411
MAYER HOFFMAN MCCANN P.C.7 years Service code 70 · EIN 43-1947695	Consulting Fees	$14,500

Plan features & details

Pension benefit codes2E2F2G2J2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

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

$102K

$1827 / participant

Other / not subdivided$102K100.0%

% of EOY assets

0.633%

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: MAYER HOFFMAN MCCANN, P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,658

$82,678+45.9%

$125,391-3.8%

$68,490+76.2%

Participation rate

91.1%

75.1%+16.0pp

82.4%+8.7pp

67.9%+23.2pp

Annual return

-14.11%

-5.97%-8.1pp

572.41%-586.5pp

-7.85%-6.3pp

Employer contribution / active EE

$3,746

$3,382+10.7%

$4,816-22.2%

$2,597+44.2%

Participant deferral / active EE

$8,501

$6,111+39.1%

$7,448+14.1%

$4,028+111.1%

Admin fee / account holder

$763

$6,277-87.8%

$10,009-92.4%

$5,403-85.9%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH8+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$49,411

MAYER HOFFMAN MCCANN P.C.7 years

Service code 70 · EIN 43-1947695

Consulting Fees

$14,500

USC PROFIT SHARING/401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

USC PROFIT SHARING/401(K) 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