Retirement plan

CAROSELLA AND RUSSO ENTERPRISES, INC. CASH BALANCE PENSION PLAN

Name: CAROSELLA AND RUSSO ENTERPRISES, INC. - CAROSELLA AND RUSSO ENTERPRISES, INC. CASH BALANCE PENSION PLAN (2023) Form 5500
Creator: CAROSELLA AND RUSSO ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROSELLA AND RUSSO ENTERPRISES, INC. CASH BALANCE PENSION PLAN, CAROSELLA AND RUSSO ENTERPRISES, INC.

CAROSELLA AND RUSSO ENTERPRISES, INC.EIN 23-1991945Plan #005PY 2023

1600-30 WASHINGTON AVENUE - PHILADELPHIA, PA 19146215-462-0505LinkedIn1-10 employeesbuilding materials

Other plans on this EIN

1 filing

#004Retirement-$2.9M assets

Prospect flagsLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$3.4M

+36.2% from 2022

Total participants

+8.9% from 2022

Average account balance

No prior year

Annual return

15.14%

+28.11 pp from 2022

Benchmarks

See 109 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined benefit

Participants25-99

Cohort109 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.18M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$383K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C3D3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$37K

$868 / participant

Other / not subdivided$37K100.0%

% of EOY assets

1.113%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,320-100.0%

$202,297-100.0%

$282,865-100.0%

Participation rate

0.0%

66.7%-66.7pp

52.5%-52.5pp

12.4%-12.4pp

Annual return

15.14%

9.79%+5.3pp

14.20%+0.9pp

9.89%+5.2pp

Employer contribution / active EE

$12,268

$8,252+48.7%

$29,473-58.4%

$14,313-14.3%

Participant deferral / active EE

$125-100.0%

$71-100.0%

Admin fee / account holder

$135-100.0%

$7,524-100.0%

$9,084-100.0%

CAROSELLA AND RUSSO ENTERPRISES, INC. CASH BALANCE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROSELLA AND RUSSO ENTERPRISES, INC. CASH BALANCE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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