Retirement plan

CUMBERLAND SECURITIES, INC. PROFIT SHARING PLAN

Name: CUMBERLAND SECURITIES, INC. - CUMBERLAND SECURITIES, INC. PROFIT SHARING PLAN (2019) 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 2019

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

Other plans on this EIN

1 filing

#001Retirement-$3.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$537K

+15.4% from 2018

Total participants

+14.3% from 2018

Average account balance

$67,100

+0.9% from 2018

Annual return

24.07%

+27.83 pp from 2018

Benchmarks

See 31,997 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort31,997 peers

Snapshot2019

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

$139K

$27771 / participant

Other / not subdivided$139K100.0%

% of EOY assets

25.868%

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

$67,100

$183,968-63.5%

$162,166-58.6%

$152,870-56.1%

Participation rate

100.0%

88.5%+11.5pp

87.6%+12.4pp

82.4%+17.6pp

Annual return

24.07%

150.77%-126.7pp

115.59%-91.5pp

345.34%-321.3pp

Employer contribution / active EE

$1,783

$6,371-72.0%

$5,614-68.2%

$4,763-62.6%

Participant deferral / active EE

$17,833

$8,034+122.0%

$7,298+144.4%

$5,850+204.8%

Admin fee / account holder

$17,357

$13,121+32.3%

$10,842+60.1%

$11,597+49.7%

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