Retirement plan

CSC SERVICEWORKS, INC. 401(K) PLAN

Name: CSC SERVICEWORKS, INC. - CSC SERVICEWORKS, INC. 401(K) PLAN (2020) Form 5500
Creator: CSC SERVICEWORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CSC SERVICEWORKS, INC. 401(K) PLAN, CSC SERVICEWORKS, INC.

CSC SERVICEWORKS, INC.EIN 53-0188589Plan #001PY 2020

6110 PELICAN CREEK CIRCLE - RIVERVIEW, FL 33578813-672-8700cscsw.comLinkedIn1001-5000 employeesconsumer services

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$136.4M

+2.7% from 2019

Total participants

2,689

-12.1% from 2019

Average account balance

$87,542

+8.8% from 2019

Annual return

14.14%

-6.26 pp from 2019

Benchmarks

See 243 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants1,000-4,999

Cohort243 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$133.32M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

1,339

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.

41.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.11M

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

+13.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$161

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Service code 12 · EIN 13-3689044	Finders' fees / placement fees; Parti...	$161,195
LPL FINANCIAL6+ years Service code 16 · EIN 04-3046611	Consulting	$84,638
RPCP COM PROCESSING1 year Filed as: RPCP COMPENSATION PROCESSING Service code 16	Consulting	$24,000
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: THE CARILLON Service code 10 · EIN 56-1434747	Accounting	$13,500
MID ATLANTIC CAPITAL CORPORATION6+ years Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES6+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$283K

$125 / participant

Investment mgmt$109K38.3%
Other / not subdivided$175K61.7%

% of EOY assets

0.208%

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: GREER WALKER LLP
Auditor EIN: 561434747
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,542

$47,634+83.8%

$90,430-3.2%

$90,274-3.0%

Participation rate

50.3%

67.5%-17.2pp

72.7%-22.4pp

73.4%-23.1pp

Annual return

14.14%

19.61%-5.5pp

1293.73%-1279.6pp

53.97%-39.8pp

Employer contribution / active EE

$330

$1,749-81.1%

$3,262-89.9%

$2,523-86.9%

Participant deferral / active EE

$2,418

$2,824-14.4%

$3,963-39.0%

$4,231-42.8%

Admin fee / account holder

$182

$106+71.5%

$5,613-96.8%

$114+59.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Service code 12 · EIN 13-3689044

Finders' fees / placement fees; Parti...

$161,195

LPL FINANCIAL6+ years

Service code 16 · EIN 04-3046611

Consulting

$84,638

RPCP COM PROCESSING1 year

Filed as: RPCP COMPENSATION PROCESSING

Service code 16

Consulting

$24,000

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: THE CARILLON

Service code 10 · EIN 56-1434747

Accounting

$13,500

MID ATLANTIC CAPITAL CORPORATION6+ years

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES6+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

CSC SERVICEWORKS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CSC SERVICEWORKS, INC. 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