Retirement plan

CORLISS MANAGEMENT GROUP 401(K) RETIREMENT SAVINGS PLAN

Name: CORLISS MANAGEMENT GROUP, LLC - CORLISS MANAGEMENT GROUP 401(K) RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: CORLISS MANAGEMENT GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORLISS MANAGEMENT GROUP 401(K) RETIREMENT SAVINGS PLAN, CORLISS MANAGEMENT GROUP, LLC

CORLISS MANAGEMENT GROUP, LLCEIN 27-0545334Plan #001PY 2022

PO BOX 487 - SUMNER, WA 98390253-826-8025LinkedIn1-10 employeesreal estate

Prospect flagsHigh retiree %Low returnsLow assets / participantFailed to transmit contributionsCorrective distributionsWind-down / frozen

How to read this page

Total assets (EOY)

$3M

No prior year

Total participants

316

No prior year

Average account balance

$9,507

No prior year

Annual return

-77.86%

No prior year

Benchmarks

See 9,164 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,164 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.19M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$398K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+7.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 · EIN 84-0467907 8515 EAST ORCHRD RD · GREEBWOOD VILLAGE, CO 80111	Recordkeeping Fees	$45,699
ABG PORTFOLIO STRATEGIES, INC.1+ years Filed as: ALERA GROUP INC DBA ALERA Service code 27 3 PARKWAY N STE 500 · DEERFIELD, IL 60015	Advisory (Plan)	$39,278
HUNNEX AND SHOEMAKER, INC.1+ years Filed as: HUNNEX & SHOEMAKER INC Service code 13 · EIN 91-1072394 701 FIFTH AVE SUITE 6710 · SEATTLE, WA 98104	Contract Administrator	$24,090
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHRD RD · GREEBWOOD VILLAGE, CO 80111	Investment Management	$4,324

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

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.
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

6 tripped

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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$86K

$2400 / participant

Other / not subdivided$86K100.0%

% of EOY assets

2.894%

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: WHITLEY PENN LLP
Auditor EIN: 752393478
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,507

$81,870-88.4%

$119,622-92.1%

$68,486-86.1%

Participation rate

94.4%

71.9%+22.6pp

79.3%+15.2pp

67.9%+26.6pp

Annual return

-77.86%

-23.82%-54.0pp

-14.98%-62.9pp

-7.85%-70.0pp

Employer contribution / active EE

$4,348

$2,692+61.5%

$4,232+2.7%

$2,597+67.5%

Participant deferral / active EE

$17,387

$4,148+319.2%

$5,601+210.5%

$4,028+331.7%

Admin fee / account holder

$275

$6,583-95.8%

$10,328-97.3%

$5,404-94.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64 · EIN 84-0467907

8515 EAST ORCHRD RD · GREEBWOOD VILLAGE, CO 80111

Recordkeeping Fees

$45,699

ABG PORTFOLIO STRATEGIES, INC.1+ years

Filed as: ALERA GROUP INC DBA ALERA

Service code 27

3 PARKWAY N STE 500 · DEERFIELD, IL 60015

Advisory (Plan)

$39,278

HUNNEX AND SHOEMAKER, INC.1+ years

Filed as: HUNNEX & SHOEMAKER INC

Service code 13 · EIN 91-1072394

701 FIFTH AVE SUITE 6710 · SEATTLE, WA 98104

Contract Administrator

$24,090

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHRD RD · GREEBWOOD VILLAGE, CO 80111

Investment Management

$4,324

CORLISS MANAGEMENT GROUP 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORLISS MANAGEMENT GROUP 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