Retirement plan

COVINGTON TRAVEL SERVICE, INC. PROFIT SHARING PLAN

Name: COVINGTON TRAVEL SERVICE, INC. - COVINGTON TRAVEL SERVICE, INC. PROFIT SHARING PLAN (2019) Form 5500
Creator: COVINGTON TRAVEL SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COVINGTON TRAVEL SERVICE, INC. PROFIT SHARING PLAN, COVINGTON TRAVEL SERVICE, INC.

COVINGTON TRAVEL SERVICE, INC.EIN 54-0832735Plan #001PY 2019

4800 COX ROAD SUITE 200 - GLEN ALLEN, VA 23060804-747-7077covingtontravel.comLinkedIn51-200 employeesleisure, travel & tourism

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$8.5M

+5.9% from 2018

Total participants

+2.3% from 2018

Average account balance

$96,083

+1.1% from 2018

Annual return

2.88%

-6.39 pp from 2018

Benchmarks

See 4,197 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort4,197 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.14M

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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.

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.

87.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$744K

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

+12.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15589

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2H2J2T3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$358K

$4418 / participant

Other / not subdivided$358K100.0%

% of EOY assets

4.232%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,083

$48,053+100.0%

$84,628+13.5%

$72,975+31.7%

Participation rate

100.0%

57.6%+42.4pp

68.2%+31.8pp

69.5%+30.5pp

Annual return

2.88%

37.39%-34.5pp

258.80%-255.9pp

81.01%-78.1pp

Employer contribution / active EE

$4,321

$1,602+169.7%

$2,653+62.9%

$2,440+77.1%

Participant deferral / active EE

$3,113

$2,681+16.1%

$3,900-20.2%

$3,608-13.7%

Admin fee / account holder

$4,067

$3,395+19.8%

$4,914-17.2%

$5,124-20.6%

COVINGTON TRAVEL SERVICE, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COVINGTON TRAVEL SERVICE, INC. PROFIT SHARING 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