Retirement plan

CPASITESOLUTIONS 401(K) PLAN

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

CPASITESOLUTIONS, INC.EIN 38-3856676Plan #001PY 2023

38977 SKY CANYON DRIVE, SUITE 200 - MURRIETA, CA 92563888-932-3644

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.4M

+39.6% from 2022

Total participants

352

+10.3% from 2022

Average account balance

$27,552

+26.4% from 2022

Annual return

25.12%

+28.31 pp from 2022

Benchmarks

See 3,234 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,234 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.65M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

351

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.73M

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

+18.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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 6 by compensation

Provider	Service type	Compensation
CREATIVE PLANNING LLC2 years Filed as: CREATIVE PLANNING HOLD CO LLC Service code 99	Other Fees	$20,405
PENSION ASSURANCE LLP1 year Service code 10 · EIN 30-0840934	Accounting	$12,500
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INS AND ANNUITY CO Service code 49 · EIN 71-0294708	Other Services	$4,775
CBIZ RETIREMENT PLAN SERVICES2 years Filed as: CBIZ BENEFITS AND INSURANCE SERVICE Service code 49	Other Services	$3,794
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS AND INS SERVICES Service code 49 · EIN 31-1582098	Other Services	$2,125
CREATIVE PLANNING LLC2 years Filed as: CREATIVE PLANNING HOLD CO INC Service code 99 · EIN 84-4519624	Other Fees	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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

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).

Expense breakdown

Schedule H Part II

Admin total

$19K

$77 / participant

Contract admin$5K23.5%
Other / not subdivided$15K76.5%

% of EOY assets

0.207%

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: PENSION ASSURANCE, LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,552

$95,369-71.1%

$135,942-79.7%

$74,440-63.0%

Participation rate

95.2%

78.2%+17.0pp

81.9%+13.3pp

70.7%+24.5pp

Annual return

25.12%

32.72%-7.6pp

68.28%-43.2pp

34.37%-9.3pp

Employer contribution / active EE

$1,628

$3,878-58.0%

$4,858-66.5%

$2,638-38.3%

Participant deferral / active EE

$4,648

$7,788-40.3%

$7,759-40.1%

$4,529+2.6%

Admin fee / account holder

$57

$266-78.6%

$10,764-99.5%

$348-83.6%

Provider

Service type

Compensation

CREATIVE PLANNING LLC2 years

Filed as: CREATIVE PLANNING HOLD CO LLC

Service code 99

Other Fees

$20,405

PENSION ASSURANCE LLP1 year

Service code 10 · EIN 30-0840934

Accounting

$12,500

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INS AND ANNUITY CO

Service code 49 · EIN 71-0294708

Other Services

$4,775

CBIZ RETIREMENT PLAN SERVICES2 years

Filed as: CBIZ BENEFITS AND INSURANCE SERVICE

Service code 49

Other Services

$3,794

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS AND INS SERVICES

Service code 49 · EIN 31-1582098

Other Services

$2,125

CREATIVE PLANNING LLC2 years

Filed as: CREATIVE PLANNING HOLD CO INC

Service code 99 · EIN 84-4519624

Other Fees

CPASITESOLUTIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CPASITESOLUTIONS 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