Retirement plan

CINNAIRE CORPORATION PROFIT SHARING PLAN

Name: CINNAIRE CORPORATION - CINNAIRE CORPORATION PROFIT SHARING PLAN (2023) Form 5500
Creator: CINNAIRE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CINNAIRE CORPORATION PROFIT SHARING PLAN, CINNAIRE CORPORATION

CINNAIRE CORPORATIONEIN 38-3126310Plan #002PY 2023

1118 S WASHINGTON - LANSING, MI 48910517-482-8555cinnaire.comLinkedIn51-200 employeesfinancial services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$12.9M

+11.9% from 2022

Total participants

147

+12.2% from 2022

Average account balance

$96,600

+9.4% from 2022

Annual return

14.37%

+30.91 pp from 2022

Benchmarks

See 1,071 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,071 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.37M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

167

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

$1.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$385

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MILLENNIUM INVESTMENT & RETIREMENT1 year Filed as: MILLENIUM INVESTMENT AND RETIREMENT Service code 26 · EIN 94-3428956	Advisory (Participants)	$1,386
NORTHSTAR FIDUCIARY PARTNERS1 year Service code 26 · EIN 30-0132728	Advisory (Participants)	$673
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$550

Plan features & details

Pension benefit codes2A2E2G2T3D3H

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.
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.
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

2 tripped

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

$56K

$435 / participant

Recordkeeping$56K100.0%

% of EOY assets

0.433%

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: MANER COSTERISAN, P.C.
Auditor EIN: 382157642
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,600

$65,390+47.7%

$169,385-43.0%

$71,495+35.1%

Participation rate

89.9%

67.0%+23.0pp

77.2%+12.8pp

67.9%+22.0pp

Annual return

14.37%

21.31%-6.9pp

405.82%-391.5pp

28.85%-14.5pp

Employer contribution / active EE

$11,704

$2,079+463.0%

$4,012+191.7%

$2,589+352.0%

Participant deferral / active EE

$4,367-100.0%

$6,221-100.0%

$4,291-100.0%

Admin fee / account holder

$418

$1,324-68.4%

$9,011-95.4%

$1,588-73.6%

Provider

Service type

Compensation

MILLENNIUM INVESTMENT & RETIREMENT1 year

Filed as: MILLENIUM INVESTMENT AND RETIREMENT

Service code 26 · EIN 94-3428956

Advisory (Participants)

$1,386

NORTHSTAR FIDUCIARY PARTNERS1 year

Service code 26 · EIN 30-0132728

Advisory (Participants)

$673

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$550

CINNAIRE CORPORATION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CINNAIRE CORPORATION 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