Retirement plan

CONNORS GROUP SAFE HARBOR 401K PROFIT SHARING PLAN

Name: CONNORS & ASSOCIATES LLC DBA CONNORS GROUP - CONNORS GROUP SAFE HARBOR 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: CONNORS & ASSOCIATES LLC DBA CONNORS GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONNORS GROUP SAFE HARBOR 401K PROFIT SHARING PLAN, CONNORS & ASSOCIATES LLC DBA CONNORS GROUP

CONNORS & ASSOCIATES LLC DBA CONNORS GROUPEIN 26-2369273Plan #001PY 2024

4000 TOWN CENTER BLVD, STE 310 - CANONSBURG, PA 15317800-813-7028

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$20.5M

+31.6% from 2023

Total participants

170

-22.4% from 2023

Average account balance

$123,411

+68.9% from 2023

Annual return

21.92%

-0.46 pp from 2023

Benchmarks

See 1,419 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,419 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.49M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

166

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+21.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$317

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
VOYA RETIREMENT INSURANCE & ANNUITY3 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$52,651
CARNEGIE INVESTMENT COUNSEL3 years Filed as: CARNEGIE INVESTMENT COUNCEL Service code 99 · EIN 26-4766975	Other Fees	$32,871

Plan features & details

Pension benefit codes2A2E2F2G2T3D

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.
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

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

$53K

$446 / participant

Contract admin$52K99.4%
Other / not subdivided$3000.6%

% of EOY assets

0.257%

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: SISTERSON & CO. LLP
Auditor EIN: 251467156
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,411

$45,119+173.5%

$85,126+45.0%

$74,429+65.8%

Participation rate

96.6%

49.4%+47.3pp

67.5%+29.1pp

67.2%+29.4pp

Annual return

21.92%

26.28%-4.4pp

66.63%-44.7pp

1368.38%-1346.5pp

Employer contribution / active EE

$4,822

$1,460+230.2%

$2,731+76.5%

$2,625+83.7%

Participant deferral / active EE

$12,739

$2,738+365.3%

$4,523+181.6%

$4,348+193.0%

Admin fee / account holder

$317

$2,214-85.7%

$6,160-94.9%

$1,944-83.7%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$52,651

CARNEGIE INVESTMENT COUNSEL3 years

Filed as: CARNEGIE INVESTMENT COUNCEL

Service code 99 · EIN 26-4766975

Other Fees

$32,871

CONNORS GROUP SAFE HARBOR 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONNORS GROUP SAFE HARBOR 401K PROFIT SHARING 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