Retirement plan

COORDINATED SERVICES MANAGEMENT, INC. 401(K) RETIREMENT PLAN

Name: COORDINATED SERVICES MANAGEMENT, INC. - COORDINATED SERVICES MANAGEMENT, INC. 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: COORDINATED SERVICES MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COORDINATED SERVICES MANAGEMENT, INC. 401(K) RETIREMENT PLAN, COORDINATED SERVICES MANAGEMENT, INC.

COORDINATED SERVICES MANAGEMENT, INC.EIN 54-1164589Plan #001PY 2022

3333 PETERS CREEK RD NW - ROANOKE, VA 240192719540-366-0622

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.4M

-17.5% from 2021

Total participants

730

-8.6% from 2021

Average account balance

$35,199

-16.7% from 2021

Annual return

-15.69%

-29.68 pp from 2021

Benchmarks

See 3,875 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,875 peers

Snapshot2022

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)

$48K

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.

198

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.

12.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$750K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$577

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

+11.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290	Contract Administrator	$17,831
BUSINESS SOLUTIONS INC8+ years Service code 49 · EIN 54-1942298	Other Services	$1,257

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$18K

$26 / participant

Contract admin$18K100.0%

% of EOY assets

0.241%

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: BROWN EDWARDS AND COMPANY, L.L.P.
Auditor EIN: 540504608
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,199

$46,332-24.0%

$143,799-75.5%

$64,819-45.7%

Participation rate

25.2%

64.2%-39.1pp

80.3%-55.1pp

71.5%-46.3pp

Annual return

-15.69%

-10.05%-5.6pp

-0.04%-15.6pp

32.84%-48.5pp

Employer contribution / active EE

$1,911-100.0%

$4,952-100.0%

$2,507-100.0%

Participant deferral / active EE

$1,178

$2,647-55.5%

$5,638-79.1%

$4,311-72.7%

Admin fee / account holder

$85

$154-44.8%

$14,677-99.4%

$188-54.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY8+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$17,831

BUSINESS SOLUTIONS INC8+ years

Service code 49 · EIN 54-1942298

Other Services

$1,257

COORDINATED SERVICES MANAGEMENT, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COORDINATED SERVICES MANAGEMENT, INC. 401(K) RETIREMENT 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