Retirement plan

CUMBERLAND SECURITIES, INC. PROFIT SHARING PLAN

Name: CUMBERLAND SECURITIES, INC. - CUMBERLAND SECURITIES, INC. PROFIT SHARING PLAN (2018) Form 5500
Creator: CUMBERLAND SECURITIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUMBERLAND SECURITIES, INC. PROFIT SHARING PLAN, CUMBERLAND SECURITIES, INC.

CUMBERLAND SECURITIES, INC.EIN 45-3047907Plan #002PY 2018

918 CHEROKEE BOULEVARD - KNOXVILLE, TN 37919865-368-1131csicrsv.tripod.comLinkedIn11-50 employees

Other plans on this EIN

1 filing

#001Retirement-$3.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$465K

+5.5% from 2017

Total participants

-12.5% from 2017

Average account balance

$66,471

+20.6% from 2017

Annual return

-3.76%

-19.31 pp from 2017

Benchmarks

See 31,466 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,466 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.97M

Not enough data

1 years with asset history on file

Average account balance

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

$593K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$268K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$54K

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

+20.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$112

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

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.
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.
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

1 tripped

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

$85K

$12129 / participant

Other / not subdivided$85K100.0%

% of EOY assets

18.247%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,471

$160,059-58.5%

$140,019-52.5%

$135,380-50.9%

Participation rate

100.0%

88.5%+11.5pp

87.5%+12.5pp

82.6%+17.4pp

Annual return

-3.76%

911.48%-915.2pp

651.17%-654.9pp

519.81%-523.6pp

Employer contribution / active EE

$5,561

$6,420-13.4%

$5,605-0.8%

$4,779+16.4%

Participant deferral / active EE

$12,394

$7,641+62.2%

$6,927+78.9%

$5,609+121.0%

Admin fee / account holder

$12,129

$13,328-9.0%

$10,705+13.3%

$10,828+12.0%

CUMBERLAND SECURITIES, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUMBERLAND SECURITIES, INC. 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