Retirement plan

CARDINAL MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN

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

CARDINAL MANAGEMENT GROUP, INC.EIN 54-1442661Plan #001PY 2024

4330 PRINCE WILLIAM PKWY - WOODBRIDGE, VA 22192703-569-5797LinkedIn1-10 employees

Prospect flagsRecently cancelled planFailed to transmit contributionsCorrective distributionsWind-down / frozen

How to read this page

Total assets (EOY)

-100.0% from 2023

Total participants

-100.0% from 2023

Average account balance

-100.0% from 2023

Annual return

12.24%

-8.59 pp from 2023

Benchmarks

See 20,156 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort20,156 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$315K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MATTHEWS CARTER & BOYCE PC1 year Service code 10 12500 FAIR LAKES CIR STE 260 · FAIRFAX, VA 22033	Accounting	$30,376
MORGAN STANLEY SMITH BARNEY7 years Filed as: MORGAN STANLEY Service code 27 1585 BROADWAY · NEW YORK, NY 10036	Advisory (Plan)	$26,497
THE RETIREMENT ADVANTAGE INC3 years Service code 13 101 E GRAND AVENUE STE 16 · PORT WASHINGTON, WI 53074	Contract Administrator	$18,478
JPMORGAN INVEST HOLDINGS LLC3 years Service code 64 383 MADISON AVENUE · NEW YORK, NY 10179	Recordkeeping Fees	$9,855

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

4 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
InformationalRecently cancelled plan
Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II

Admin total

$85K

Recordkeeping$55K64.5%
Contract admin$30K35.5%

% of EOY assets

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MATTHEWS, CARTER AND BOYCE, P.C.
Auditor EIN: 541487262
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$210,698-100.0%

$178,014-100.0%

$145,959-100.0%

Participation rate

0.0%

80.8%-80.8pp

77.1%-77.1pp

80.3%-80.3pp

Annual return

12.24%

386.27%-374.0pp

294.80%-282.6pp

561.95%-549.7pp

Employer contribution / active EE

$4,567-100.0%

$3,950-100.0%

$4,661-100.0%

Participant deferral / active EE

$6,958-100.0%

$6,276-100.0%

$6,689-100.0%

Admin fee / account holder

$12,016-100.0%

$10,362-100.0%

$13,398-100.0%

Provider

Service type

Compensation

MATTHEWS CARTER & BOYCE PC1 year

Service code 10

12500 FAIR LAKES CIR STE 260 · FAIRFAX, VA 22033

Accounting

$30,376

MORGAN STANLEY SMITH BARNEY7 years

Filed as: MORGAN STANLEY

Service code 27

1585 BROADWAY · NEW YORK, NY 10036

Advisory (Plan)

$26,497

THE RETIREMENT ADVANTAGE INC3 years

Service code 13

101 E GRAND AVENUE STE 16 · PORT WASHINGTON, WI 53074

Contract Administrator

$18,478

JPMORGAN INVEST HOLDINGS LLC3 years

Service code 64

383 MADISON AVENUE · NEW YORK, NY 10179

Recordkeeping Fees

$9,855

CARDINAL MANAGEMENT GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARDINAL MANAGEMENT GROUP, INC. 401(K) 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