Retirement plan

CRITICALPOINT CAPITAL, LLC 401(K) PLAN

Name: CRITICALPOINT PARTNERS, LLC - CRITICALPOINT CAPITAL, LLC 401(K) PLAN (2020) Form 5500
Creator: CRITICALPOINT PARTNERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CRITICALPOINT CAPITAL, LLC 401(K) PLAN, CRITICALPOINT PARTNERS, LLC

CRITICALPOINT PARTNERS, LLCEIN 45-5416532Plan #001PY 2020

1230 ROSECRANS AVENUE, SUITE 170 - MANHATTAN BEACH, CA 90266310-321-4400

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$15.7M

+21.1% from 2019

Total participants

1,585

+32.9% from 2019

Average account balance

$24,805

-23.4% from 2019

Annual return

16.03%

-507.97 pp from 2019

Benchmarks

See 348 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort348 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.19M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

469

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.

86.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$90K

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

+14.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$537

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 4 by compensation

Provider	Service type	Compensation
MONARCH PLAN ADVISORS2+ years Filed as: MONARCH CORPROATE ADVISORS INC Service code 27 40 W. EASY ST, STE. 4 · SIMI VALLEY, CA 93065	Advisory (Plan)	$56,688
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN INVEST HOLDINGS LLC Service code 64 383 MADISON AVENUE · NEW YORK, NY 10179	Recordkeeping Fees	$33,110
TRUOG-RYDING COMPANY, INC.2+ years Filed as: TRUOG-RYDING COMPANY INC Service code 13 2659 TOWNSGATE ROAD, STE. 101 · WESTLAKE VILLAGE, CA 91361	Contract Administrator	$26,341
KIMBERLIN COMPANY, PLLC1 year Filed as: KIMBERLIN COMPANY PLLC Service code 99 · EIN 45-5497718 6150 W. GOLA SPRINGS PL. UNIT 24 · CAHNDLER, AZ 85226	Other Fees	$10,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$126K

$86 / participant

Investment mgmt$119K94.7%
Contract admin$7K5.3%

% of EOY assets

0.799%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LTSP, INC.
Auditor EIN: 953864890
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,805

$43,466-42.9%

$90,965-72.7%

$90,274-72.5%

Participation rate

34.9%

62.5%-27.6pp

69.0%-34.1pp

73.4%-38.5pp

Annual return

16.03%

25.26%-9.2pp

134.57%-118.5pp

53.97%-37.9pp

Employer contribution / active EE

$840-99.7%

$2,122-99.9%

$2,523-99.9%

Participant deferral / active EE

$1,521

$2,138-28.8%

$3,373-54.9%

$4,231-64.0%

Admin fee / account holder

$198

$92+115.8%

$5,960-96.7%

$114+73.8%

Provider

Service type

Compensation

MONARCH PLAN ADVISORS2+ years

Filed as: MONARCH CORPROATE ADVISORS INC

Service code 27

40 W. EASY ST, STE. 4 · SIMI VALLEY, CA 93065

Advisory (Plan)

$56,688

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN INVEST HOLDINGS LLC

Service code 64

383 MADISON AVENUE · NEW YORK, NY 10179

Recordkeeping Fees

$33,110

TRUOG-RYDING COMPANY, INC.2+ years

Filed as: TRUOG-RYDING COMPANY INC

Service code 13

2659 TOWNSGATE ROAD, STE. 101 · WESTLAKE VILLAGE, CA 91361

Contract Administrator

$26,341

KIMBERLIN COMPANY, PLLC1 year

Filed as: KIMBERLIN COMPANY PLLC

Service code 99 · EIN 45-5497718

6150 W. GOLA SPRINGS PL. UNIT 24 · CAHNDLER, AZ 85226

Other Fees

$10,000

CRITICALPOINT CAPITAL, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CRITICALPOINT CAPITAL, LLC 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