Retirement plan

CURATE PARTNERS LLC 401 K PROFIT SHARING PLAN TRUST

Name: CURATE PARTNERS LLC - CURATE PARTNERS LLC 401 K PROFIT SHARING PLAN TRUST (2023) Form 5500
Creator: CURATE PARTNERS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CURATE PARTNERS LLC 401 K PROFIT SHARING PLAN TRUST, CURATE PARTNERS LLC

CURATE PARTNERS LLCEIN 46-5538719Plan #001PY 2023

300 UNICORN PARK DRIVE, FLOOR 1 - WOBURN, MA 01801617-600-4902curatepartners.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed June 16, 2022

Plan administrator

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PO Box 80457

Stoneham, MA 02180

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Plans declared (1)

Curate Group Deferrred Compensation Plan73 emp

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Total assets (EOY)

$4.5M

+24.3% from 2022

Total participants

235

-42.5% from 2022

Average account balance

$20,563

+123.4% from 2022

Annual return

20.03%

+36.44 pp from 2022

Benchmarks

See 1,919 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,919 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.64M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

203

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$863K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$219

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
THE ANGELL PENSION GROUP, INC.2 years Filed as: THE ANGELL PENSION GROUP INC Service code 13 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914	Contract Administrator	$23,519
MAYFLOWER FINANCIAL ADVISORS, LLC2 years Filed as: MAYFLOWER FINANCIAL ADVISORS LLC Service code 27 265 FRANKLIN ST STE 401 · BOSTON, MA 02110	Advisory (Plan)	$21,196
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$19,644

Plan features & details

Pension benefit codes2T2J3D2S2G2E2F

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

1 tripped

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

$37K

$308 / participant

Other / not subdivided$37K100.0%

% of EOY assets

0.821%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,563

$58,264-64.7%

$86,617-76.3%

$71,495-71.2%

Participation rate

84.9%

65.0%+19.9pp

71.7%+13.2pp

67.9%+16.9pp

Annual return

20.03%

21.63%-1.6pp

591.91%-571.9pp

28.85%-8.8pp

Employer contribution / active EE

$2,574-100.0%

$3,023-100.0%

$2,589-100.0%

Participant deferral / active EE

$9,354

$3,436+172.2%

$4,437+110.8%

$4,291+118.0%

Admin fee / account holder

$169

$1,057-84.0%

$5,613-97.0%

$1,588-89.4%

Provider

Service type

Compensation

THE ANGELL PENSION GROUP, INC.2 years

Filed as: THE ANGELL PENSION GROUP INC

Service code 13

88 BOYD AVENUE · EAST PROVIDENCE, RI 02914

Contract Administrator

$23,519

MAYFLOWER FINANCIAL ADVISORS, LLC2 years

Filed as: MAYFLOWER FINANCIAL ADVISORS LLC

Service code 27

265 FRANKLIN ST STE 401 · BOSTON, MA 02110

Advisory (Plan)

$21,196

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$19,644

CURATE PARTNERS LLC 401 K PROFIT SHARING PLAN TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CURATE PARTNERS LLC 401 K PROFIT SHARING PLAN TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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