Retirement plan

CASCADE MANAGEMENT SERVICES, INC. 401(K) RETIREMENT PLAN & TRUST

Name: CASCADE MANAGEMENT SERVICES, INC. - CASCADE MANAGEMENT SERVICES, INC. 401(K) RETIREMENT PLAN & TRUST (2021) Form 5500
Creator: CASCADE MANAGEMENT SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CASCADE MANAGEMENT SERVICES, INC. 401(K) RETIREMENT PLAN & TRUST, CASCADE MANAGEMENT SERVICES, INC.

CASCADE MANAGEMENT SERVICES, INC.EIN 34-1867706Plan #001PY 2021

816 NORTH MAIN STREET - WELLINGTON, OH 44090440-647-5585

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$5.5M

+8.3% from 2020

Total participants

220

+4.8% from 2020

Average account balance

$71,415

+18.1% from 2020

Annual return

13.56%

-1.09 pp from 2020

Benchmarks

See 2,170 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,170 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.72M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

37.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$258K

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

+13.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8883

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES7+ years Filed as: RAYMOND JAMES & ASSOCIATES Service code 28 · EIN 59-1237041 10883 PEARL RD SUITE 302 · STRONGSVILLE, OH 44136	Investment Management	$15,971
NOBLE-DAVIS CONSULTING, INC.7+ years Service code 64 · EIN 34-1723189 6190 COCHRAN ROAD · SOLON, OH 44139	Recordkeeping Fees	$15,691

Plan features & details

Pension benefit codes2E2J2K3D3H2F2G2T

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$32K

$158 / participant

Investment mgmt$16K50.4%
Contract admin$16K49.6%

% of EOY assets

0.576%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CORRIGAN KRAUSE
Auditor EIN: 371574855
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,415

$59,220+20.6%

$96,570-26.0%

$79,391-10.0%

Participation rate

28.9%

61.9%-33.0pp

69.8%-41.0pp

70.7%-41.9pp

Annual return

13.56%

27.08%-13.5pp

37.79%-24.2pp

116.88%-103.3pp

Employer contribution / active EE

$442

$1,216-63.7%

$2,357-81.3%

$2,428-81.8%

Participant deferral / active EE

$843

$2,948-71.4%

$3,849-78.1%

$4,046-79.2%

Admin fee / account holder

$411

$659-37.6%

$6,182-93.3%

$627-34.4%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES7+ years

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 28 · EIN 59-1237041

10883 PEARL RD SUITE 302 · STRONGSVILLE, OH 44136

Investment Management

$15,971

NOBLE-DAVIS CONSULTING, INC.7+ years

Service code 64 · EIN 34-1723189

6190 COCHRAN ROAD · SOLON, OH 44139

Recordkeeping Fees

$15,691

CASCADE MANAGEMENT SERVICES, INC. 401(K) RETIREMENT PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CASCADE MANAGEMENT SERVICES, INC. 401(K) RETIREMENT PLAN & TRUST

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