Retirement plan

COMMUNITY SYSTEMS, INC. CONTRIBUTORY 403 (B) PLAN

Name: COMMUNITY SYSTEMS SUPPORT AND MANAGEMENT SERVICES, INC. - COMMUNITY SYSTEMS, INC. CONTRIBUTORY 403 (B) PLAN (2020) Form 5500
Creator: COMMUNITY SYSTEMS SUPPORT AND MANAGEMENT SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY SYSTEMS, INC. CONTRIBUTORY 403 (B) PLAN, COMMUNITY SYSTEMS SUPPORT AND MANAGEMENT SERVICES, INC.

COMMUNITY SYSTEMS SUPPORT AND MANAGEMENT SERVICES, INC.EIN 47-1464237Plan #002PY 2020

6 BENJAMIN NYE CIRCLE, SUITE 1 - POCASSET, MA 02559703-448-0606LinkedIn1-10 employeesnon-profit organization management

Prospect flagsHigh retiree %Low assets / participant

How to read this page

Total assets (EOY)

$16.4M

+23.6% from 2019

Total participants

1,656

-1.9% from 2019

Average account balance

$11,275

+31.5% from 2019

Annual return

18.74%

-4.26 pp from 2019

Benchmarks

See 1,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,342 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.83M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

1,342

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.

70.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVESTMENTS INST'L OPS CO Service code 37 · EIN 04-2647786	Loan Processing	$35,502

Plan features & details

Pension benefit codes2F2G2M2T3D3H

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$36K

$32 / participant

Other / not subdivided$36K100.0%

% of EOY assets

0.216%

all-in expense ratio

Categories reported

0 / 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: KEVIN P. MARTIN AND ASSOCIATES, P.C
Auditor EIN: 043097400
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,275

$56,095-79.9%

$178,503-93.7%

$90,274-87.5%

Participation rate

82.2%

65.6%+16.7pp

81.9%+0.3pp

73.4%+8.9pp

Annual return

18.74%

28.81%-10.1pp

151.12%-132.4pp

53.97%-35.2pp

Employer contribution / active EE

$626

$1,572-60.2%

$5,011-87.5%

$2,523-75.2%

Participant deferral / active EE

$1,169

$2,669-56.2%

$5,202-77.5%

$4,231-72.4%

Admin fee / account holder

$24

$101-75.8%

$13,987-99.8%

$114-78.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVESTMENTS INST'L OPS CO

Service code 37 · EIN 04-2647786

Loan Processing

$35,502

COMMUNITY SYSTEMS, INC. CONTRIBUTORY 403 (B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY SYSTEMS, INC. CONTRIBUTORY 403 (B) 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