Retirement plan

EMPLOYEE BENEFIT PLAN OF CGH TECHNOLOGIES, INC.

Name: CGH TECHNOLOGIES, INC. - EMPLOYEE BENEFIT PLAN OF CGH TECHNOLOGIES, INC. (2024) Form 5500
Creator: CGH TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF CGH TECHNOLOGIES, INC., CGH TECHNOLOGIES, INC.

CGH TECHNOLOGIES, INC.EIN 52-1701132Plan #001PY 2024

400 VIRGINIA AVENUE, SW, SUITE 700B - WASHINGTON, DC 20024202-554-7774cghtech.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$9.4M

+16.8% from 2023

Total participants

126

-14.3% from 2023

Average account balance

$80,576

+38.8% from 2023

Annual return

11.95%

-5.21 pp from 2023

Benchmarks

See 28,896 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,896 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.43M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

117

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1000K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+11.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$609

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 4 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC4 years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 26 · EIN 47-1411118 4320 REDWOOD HIGHWAY, SUITE B-60 · BUFFALO, NY 142010600	Advisory (Participants)	$24,163
BETHKE CPA, LLC3 years Service code 10 · EIN 42-1591506 932 HUNGERFORD DRIVE, SUITE 13 · ROCKVILLE, MD 20850	Accounting	$16,619
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$15,820
DUNCAN ACCOUNTING & TAX SERVICES3 years Filed as: DUNCAN FINANCIAL GROUP, LLC Service code 13 · EIN 61-1959547 311 MAIN STREET, SUITE 200 · IRWIN, PA 15642	Contract Administrator	$12,740

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$71K

$989 / participant

Recordkeeping$71K100.0%

% of EOY assets

0.755%

all-in expense ratio

Categories reported

1 / 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: BETHKE CPA, INC
Auditor EIN: 421591506
Audit fees: $0
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,576

$102,393-21.3%

$147,041-45.2%

$80,911-0.4%

Participation rate

87.5%

75.9%+11.6pp

82.2%+5.3pp

67.6%+19.9pp

Annual return

11.95%

134.95%-123.0pp

419.21%-407.3pp

35.63%-23.7pp

Employer contribution / active EE

$1,157

$3,715-68.9%

$4,935-76.6%

$2,756-58.0%

Participant deferral / active EE

$12,729

$6,647+91.5%

$8,071+57.7%

$4,297+196.2%

Admin fee / account holder

$609

$7,943-92.3%

$13,006-95.3%

$6,935-91.2%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC4 years

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 26 · EIN 47-1411118

4320 REDWOOD HIGHWAY, SUITE B-60 · BUFFALO, NY 142010600

Advisory (Participants)

$24,163

BETHKE CPA, LLC3 years

Service code 10 · EIN 42-1591506

932 HUNGERFORD DRIVE, SUITE 13 · ROCKVILLE, MD 20850

Accounting

$16,619

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$15,820

DUNCAN ACCOUNTING & TAX SERVICES3 years

Filed as: DUNCAN FINANCIAL GROUP, LLC

Service code 13 · EIN 61-1959547

311 MAIN STREET, SUITE 200 · IRWIN, PA 15642

Contract Administrator

$12,740

EMPLOYEE BENEFIT PLAN OF CGH TECHNOLOGIES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF CGH TECHNOLOGIES, INC.

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