Retirement plan

CAROLINA SERVICES OF FAYETTEVILLE, INC. AND AFFILIATED COMPANIES EMPLOYEE SAVINGS AND PROFIT SHARING PLAN AND TRUST

Name: CAROLINA SERVICES OF FAYETTEVILLE, INC. - CAROLINA SERVICES OF FAYETTEVILLE, INC. AND AFFILIATED COMPANIES EMPLOYEE SAVINGS AND PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: CAROLINA SERVICES OF FAYETTEVILLE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROLINA SERVICES OF FAYETTEVILLE, INC. AND AFFILIATED COMPANIES EMPLOYEE SAVINGS AND PROFIT SHARING PLAN AND TRUST, CAROLINA SERVICES OF FAYETTEVILLE, INC.

CAROLINA SERVICES OF FAYETTEVILLE, INC.EIN 56-0890421Plan #333PY 2024

537 S EASTERN BLVD - FAYETTEVILLE, NC 28301910-221-3561LinkedIn201-500 employeespackage/freight delivery

Prospect flagsLow returnsLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$2.6M

-6.6% from 2023

Total participants

139

-3.5% from 2023

Average account balance

$20,617

-7.3% from 2023

Annual return

10.13%

-0.66 pp from 2023

Benchmarks

See 4,585 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort4,585 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.56M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

124

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.

84.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$229K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146

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 3 by compensation

Provider	Service type	Compensation
ASCENSUS LLC4 years Service code 15 · EIN 11-3665754	Recordkeeping	$7,447
ONEDIGITAL INVESTMENT ADVISORS LLC2 years Filed as: ONE DIGITAL INVESTMENT ADVISORS Service code 27 11101 SWITZER RD · OVERLAND PARK, KS 66210	Advisory (Plan)	$5,874
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969	Contract Administrator	$4,828

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T2X3D3F

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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).

Expense breakdown

Schedule H Part II

Admin total

$18K

$187 / participant

Recordkeeping$10K56.5%
Investment mgmt$6K32.4%
Contract admin$2K11.1%

% of EOY assets

0.710%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,617

$55,902-63.1%

$76,030-72.9%

$80,959-74.5%

Participation rate

84.5%

62.1%+22.5pp

69.1%+15.5pp

67.7%+16.9pp

Annual return

10.13%

20.59%-10.5pp

361.54%-351.4pp

35.67%-25.5pp

Employer contribution / active EE

$162

$1,867-91.3%

$2,688-94.0%

$2,757-94.1%

Participant deferral / active EE

$2,195

$3,051-28.0%

$4,257-48.4%

$4,300-49.0%

Admin fee / account holder

$146

$5,239-97.2%

$6,421-97.7%

$6,925-97.9%

Provider

Service type

Compensation

ASCENSUS LLC4 years

Service code 15 · EIN 11-3665754

Recordkeeping

$7,447

ONEDIGITAL INVESTMENT ADVISORS LLC2 years

Filed as: ONE DIGITAL INVESTMENT ADVISORS

Service code 27

11101 SWITZER RD · OVERLAND PARK, KS 66210

Advisory (Plan)

$5,874

NEWPORT GROUP, INC.1 year

Service code 13 · EIN 27-2037969

Contract Administrator

$4,828

CAROLINA SERVICES OF FAYETTEVILLE, INC. AND AFFILIATED COMPANIES EMPLOYEE SAVINGS AND PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROLINA SERVICES OF FAYETTEVILLE, INC. AND AFFILIATED COMPANIES EMPLOYEE SAVINGS AND PROFIT SHARING PLAN AND TRUST

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