Retirement plan

CFP FIRE PROTECTION, INC. 401(K) SAVINGS PLAN

Name: CFP FIRE PROTECTION, INC. - CFP FIRE PROTECTION, INC. 401(K) SAVINGS PLAN (2023) Form 5500
Creator: CFP FIRE PROTECTION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CFP FIRE PROTECTION, INC. 401(K) SAVINGS PLAN, CFP FIRE PROTECTION, INC.

CFP FIRE PROTECTION, INC.EIN 56-2302929Plan #004PY 2023

153 TECHNOLOGY DRIVE, SUITE 200 - IRVINE, CA 92618949-727-3277LinkedIn51-200 employeesinvestment management

Prospect flagsLow returnsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$8.8M

+5.5% from 2022

Total participants

178

+7.9% from 2022

Average account balance

$87,170

+11.8% from 2022

Annual return

4.84%

+19.72 pp from 2022

Benchmarks

See 264 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort264 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.37M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

109

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.

42.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$941K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$189

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC5 years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$12,327
GLOBAL RETIREMENT PARTNERS LLC5 years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 16 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903	Consulting	$7,500

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$20K

$132 / participant

Recordkeeping$12K62.2%
Other / not subdivided$8K37.8%

% of EOY assets

0.225%

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: WITHUM SMITH+BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,170

$80,138+8.8%

$130,231-33.1%

$71,511+21.9%

Participation rate

48.7%

71.0%-22.3pp

76.3%-27.6pp

67.9%-19.3pp

Annual return

4.84%

16.81%-12.0pp

38.86%-34.0pp

28.86%-24.0pp

Employer contribution / active EE

$1,776

$2,834-37.3%

$4,126-56.9%

$2,589-31.4%

Participant deferral / active EE

$3,761

$4,641-19.0%

$6,799-44.7%

$4,291-12.4%

Admin fee / account holder

$196

$1,035-81.0%

$6,020-96.7%

$1,588-87.6%

Provider

Service type

Compensation

T ROWE PRICE RPS INC5 years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$12,327

GLOBAL RETIREMENT PARTNERS LLC5 years

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 16

4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903

Consulting

$7,500

CFP FIRE PROTECTION, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CFP FIRE PROTECTION, INC. 401(K) SAVINGS 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