Retirement plan

CREDIT SAINT, LLC 401(K) PLAN

Name: CREDIT SAINT, LLC - CREDIT SAINT, LLC 401(K) PLAN (2023) Form 5500
Creator: CREDIT SAINT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CREDIT SAINT, LLC 401(K) PLAN, CREDIT SAINT, LLC

CREDIT SAINT, LLCEIN 26-0839546Plan #001PY 2023

250 PEHLE AVENUE, SUITE 200 - SADDLE BROOK, NJ 07663201-694-6595creditsaint.comLinkedIn51-200 employeesfinancial services

Prospect flagsLow returnsLow participationLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+54.5% from 2022

Total participants

210

+9.9% from 2022

Average account balance

$6,522

+28.9% from 2022

Annual return

12.75%

+27.68 pp from 2022

Benchmarks

See 1,361 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,361 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.15M

Not enough data

1 years with asset history on file

Average account balance

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

$8K

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.

145

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.

74.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$283K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$160

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
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, NJ 80111	Recordkeeping Fees	$6,067
ALTIGRO PENSION SERVICES INC2 years Service code 13 3 US HIGHWAY 46 WEST · FAIRFIELD, NJ 070042904	Contract Administrator	$2,572
CETERA ADVISOR NETWORKS LLC2 years Service code 27 2301 ROSECRANS AVE., #5100 · EL SEGUNDO, CA 902455670	Advisory (Plan)	$1,416
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$786
LEAFHOUSE FINANCIAL ADVISORS, LLC2 years Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC Service code 99 6300 BRIDGE POINT PKWAY · AUSTIN, TX 787305097	Other Fees	$322

Plan features & details

Pension benefit codes2A2E2F2G2J3B3D2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$11K

$79 / participant

Contract admin$11K100.0%

% of EOY assets

1.015%

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: PRICEKUBECKA, PLLC
Auditor EIN: 752783674
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,522

$41,150-84.2%

$80,627-91.9%

$71,511-90.9%

Participation rate

65.4%

50.3%+15.2pp

67.0%-1.6pp

67.9%-2.5pp

Annual return

12.75%

38.48%-25.7pp

936.76%-924.0pp

28.86%-16.1pp

Employer contribution / active EE

$1,214

$1,515-19.9%

$2,723-55.4%

$2,589-53.1%

Participant deferral / active EE

$1,054

$2,701-61.0%

$4,443-76.3%

$4,291-75.4%

Admin fee / account holder

$66

$1,841-96.4%

$5,381-98.8%

$1,588-95.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, NJ 80111

Recordkeeping Fees

$6,067

ALTIGRO PENSION SERVICES INC2 years

Service code 13

3 US HIGHWAY 46 WEST · FAIRFIELD, NJ 070042904

Contract Administrator

$2,572

CETERA ADVISOR NETWORKS LLC2 years

Service code 27

2301 ROSECRANS AVE., #5100 · EL SEGUNDO, CA 902455670

Advisory (Plan)

$1,416

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$786

LEAFHOUSE FINANCIAL ADVISORS, LLC2 years

Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC

Service code 99

6300 BRIDGE POINT PKWAY · AUSTIN, TX 787305097

Other Fees

$322

CREDIT SAINT, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CREDIT SAINT, LLC 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