Retirement plan

COLASANTI GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: THE COLASANTI GROUP, INC. - COLASANTI GROUP, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: THE COLASANTI GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLASANTI GROUP, INC. 401(K) PROFIT SHARING PLAN, THE COLASANTI GROUP, INC.

THE COLASANTI GROUP, INC.EIN 38-1458813Plan #003PY 2023

24500 WOOD COURT - MACOMB, MI 48042586-598-9700colasanticorp.comLinkedIn1-10 employees

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$9.6M

-5.4% from 2022

Total participants

216

+11.9% from 2022

Average account balance

$96,842

+3.2% from 2022

Annual return

13.62%

+28.47 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.63M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

46.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$903K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$233

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 3 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK2 years Filed as: COMMONWEALTH FINANCIAL Service code 17 · EIN 04-2675571	Pension Consulting	$19,334
MINNESOTA LIFE INSURANCE COMPANY5 years Service code 13 · EIN 41-0417830	Contract Administrator	$14,957
FENNER, MELSTROM, & DOOLING PLC8 years Service code 10 · EIN 38-1402622	Accounting	$11,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H2X

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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$38K

$204 / participant

Investment mgmt$19K51.4%
Contract admin$18K48.6%

% of EOY assets

0.392%

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: FENNER, MELSTROM & DOOLING PLC
Auditor EIN: 381402622
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,842

$76,696+26.3%

$96,538+0.3%

$71,529+35.4%

Participation rate

36.4%

66.6%-30.2pp

74.3%-37.9pp

67.9%-31.5pp

Annual return

13.62%

48.32%-34.7pp

35.74%-22.1pp

28.97%-15.3pp

Employer contribution / active EE

$1,615

$3,032-46.7%

$3,740-56.8%

$2,590-37.7%

Participant deferral / active EE

$3,345

$3,770-11.3%

$4,880-31.5%

$4,291-22.0%

Admin fee / account holder

$380

$2,030-81.3%

$6,737-94.4%

$1,588-76.1%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK2 years

Filed as: COMMONWEALTH FINANCIAL

Service code 17 · EIN 04-2675571

Pension Consulting

$19,334

MINNESOTA LIFE INSURANCE COMPANY5 years

Service code 13 · EIN 41-0417830

Contract Administrator

$14,957

FENNER, MELSTROM, & DOOLING PLC8 years

Service code 10 · EIN 38-1402622

Accounting

$11,000

COLASANTI GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLASANTI GROUP, INC. 401(K) 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