Retirement plan

CONCERTED SERVICES TAX DEFERRED ANNUITY PLAN

Name: CONCERTED SERVICES, INC. - CONCERTED SERVICES TAX DEFERRED ANNUITY PLAN (2016) Form 5500
Creator: CONCERTED SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONCERTED SERVICES TAX DEFERRED ANNUITY PLAN, CONCERTED SERVICES, INC.

CONCERTED SERVICES, INC.EIN 58-1032805Plan #002PY 2016

2100 RIVERSIDE AVE. - WAYCROSS, GA 31501912-285-6083myactionpact.orgLinkedIn1-10 employeesnon-profit organization management

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$6M

+3.5% from 2015

Total participants

403

+4.1% from 2015

Average account balance

$21,328

+5.4% from 2015

Annual return

5.16%

+5.40 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.88M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

244

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.

50.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$437K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$197

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 5 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1 year Service code 55	Other Commissions	$52,919
FIRST PARTY ADMINISTRATOR, LLC1 year Filed as: FIRST PARTY ADMINSITRATOR Service code 13 · EIN 46-2023154 5352 PEACHTREE ROAD · ATLANTA, GA 30341	Contract Administrator	$1,900
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 55 · EIN 84-0467907	Other Commissions	$950
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY INSURANCE SERVICES Service code 55	Other Commissions	$254
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY DW INC. Service code 49 · EIN 94-1671384	Other Services	$0

Plan features & details

Pension benefit codes2L2K2F2G2M2T

Plan features

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$160

$0 / participant

Contract admin$160100.0%

% of EOY assets

0.003%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DRAFFIN & TUCKER, LLP
Auditor EIN: 580914492
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,328

$36,916-42.2%

$156,551-86.4%

$57,658-63.0%

Participation rate

66.9%

63.4%+3.5pp

84.0%-17.1pp

70.2%-3.3pp

Annual return

5.16%

12.38%-7.2pp

32.23%-27.1pp

5.13%0pp

Employer contribution / active EE

$433

$1,571-72.4%

$5,501-92.1%

$1,974-78.1%

Participant deferral / active EE

$781

$1,926-59.5%

$4,871-84.0%

$3,061-74.5%

Admin fee / account holder

$82-99.3%

$13,028-100.0%

$95-99.4%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Service code 55

Other Commissions

$52,919

FIRST PARTY ADMINISTRATOR, LLC1 year

Filed as: FIRST PARTY ADMINSITRATOR

Service code 13 · EIN 46-2023154

5352 PEACHTREE ROAD · ATLANTA, GA 30341

Contract Administrator

$1,900

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 55 · EIN 84-0467907

Other Commissions

$950

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY INSURANCE SERVICES

Service code 55

Other Commissions

$254

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY DW INC.

Service code 49 · EIN 94-1671384

Other Services

CONCERTED SERVICES TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONCERTED SERVICES TAX DEFERRED ANNUITY 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