Retirement plan

CMC ENERGY SERVICES PROFIT SHARING AND 401 (K) PLAN

Name: CMC ENERGY SERVICES, INC. - CMC ENERGY SERVICES PROFIT SHARING AND 401 (K) PLAN (2024) Form 5500
Creator: CMC ENERGY SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CMC ENERGY SERVICES PROFIT SHARING AND 401 (K) PLAN, CMC ENERGY SERVICES, INC.

CMC ENERGY SERVICES, INC.EIN 52-1101290Plan #002PY 2024

550 PINETOWN ROAD, SUITE 340 - FORT WASHINGTON, PA 19034215-540-5800cmcenergy.comLinkedIn201-500 employeesenvironmental services

Prospect flagsHigh feesLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$17.5M

+17.3% from 2023

Total participants

504

+3.5% from 2023

Average account balance

$35,540

+12.3% from 2023

Annual return

15.21%

-3.59 pp from 2023

Benchmarks

See 3,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.49M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

492

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$314

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 3 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC3 years Service code 27 · EIN 95-2834236 4340 REDWOOD HWY, STE B60 · SAN RAFAEL, CA 94903	Advisory (Plan)	$55,102
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111	Recordkeeping Fees	$49,218
ATLANTIC PENSION SERVICES, INC.8 years Service code 13 511 SCHOOLHOUSE ROAD, SUITE 400 · KENNETT SQUARE, PA 19348	Contract Administrator	$24,600

Plan features & details

Pension benefit codes2E2G2J2K3D2T2S

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.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$155K

$410 / participant

Recordkeeping$155K100.0%

% of EOY assets

0.885%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,540

$106,264-66.6%

$147,117-75.8%

$77,762-54.3%

Participation rate

96.8%

78.4%+18.4pp

82.2%+14.6pp

70.6%+26.2pp

Annual return

15.21%

56.94%-41.7pp

420.54%-405.3pp

31.27%-16.1pp

Employer contribution / active EE

$1,871

$4,074-54.1%

$4,932-62.1%

$2,728-31.4%

Participant deferral / active EE

$4,680

$8,003-41.5%

$8,065-42.0%

$4,651+0.6%

Admin fee / account holder

$314

$334-6.0%

$12,993-97.6%

$433-27.4%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC3 years

Service code 27 · EIN 95-2834236

4340 REDWOOD HWY, STE B60 · SAN RAFAEL, CA 94903

Advisory (Plan)

$55,102

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CA 80111

Recordkeeping Fees

$49,218

ATLANTIC PENSION SERVICES, INC.8 years

Service code 13

511 SCHOOLHOUSE ROAD, SUITE 400 · KENNETT SQUARE, PA 19348

Contract Administrator

$24,600

CMC ENERGY SERVICES PROFIT SHARING AND 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CMC ENERGY SERVICES PROFIT SHARING AND 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