Retirement plan

CSS PAYROLL 401(K) PLAN

Name: CSS PAYROLL CO LP - CSS PAYROLL 401(K) PLAN (2024) Form 5500
Creator: CSS PAYROLL CO LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CSS PAYROLL 401(K) PLAN, CSS PAYROLL CO LP

CSS PAYROLL CO LPEIN 37-1900386Plan #001PY 2024

777 S FIGUEROA, FLOOR 41 - LOS ANGELES, CA 90017310-895-4786

Prospect flagsLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$42.9M

+17.4% from 2023

Total participants

1,796

-3.1% from 2023

Average account balance

$30,232

+39.9% from 2023

Annual return

18.15%

-22.72 pp from 2023

Benchmarks

See 154 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants1,000-4,999

Cohort154 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.93M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

1,420

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.

68.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+18.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$85,870
SILICON VALLEY RETIREMENT SERVICES2 years Service code 27 · EIN 27-2233898	Advisory (Plan)	$32,400
PENSION ASSURANCE LLP1 year Service code 10 · EIN 30-0840934	Accounting	$16,000
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$8,541

Plan features & details

Pension benefit codes2F2G2J2S2T3D2E

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.
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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).

Expense breakdown

Schedule H Part II

Admin total

$143K

$119 / participant

Recordkeeping$86K60.1%
Investment mgmt$41K28.7%
Other / not subdivided$16K11.2%

% of EOY assets

0.333%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: $16,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,232

$58,644-48.4%

$178,505-83.1%

$200,096-84.9%

Participation rate

68.6%

65.5%+3.2pp

77.1%-8.5pp

72.0%-3.4pp

Annual return

18.15%

19.25%-1.1pp

27.16%-9.0pp

34.26%-16.1pp

Employer contribution / active EE

$1,801-100.0%

$3,955-100.0%

$3,038-100.0%

Participant deferral / active EE

$6,890

$4,248+62.2%

$6,280+9.7%

$5,090+35.4%

Admin fee / account holder

$101

$145-30.8%

$10,428-99.0%

$269-62.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$85,870

SILICON VALLEY RETIREMENT SERVICES2 years

Service code 27 · EIN 27-2233898

Advisory (Plan)

$32,400

PENSION ASSURANCE LLP1 year

Service code 10 · EIN 30-0840934

Accounting

$16,000

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$8,541

CSS PAYROLL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CSS PAYROLL 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