Retirement plan

CORESTATES, INC. RETIREMENT SAVINGS PLAN

Name: CORESTATES, INC. - CORESTATES, INC. RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: CORESTATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORESTATES, INC. RETIREMENT SAVINGS PLAN, CORESTATES, INC.

CORESTATES, INC.EIN 58-2484016Plan #003PY 2020

3039 PREMIERE PARKWAY, SUITE 700, SUGARLOAF OFFICE II - DULUTH, GA 30097770-242-9550LinkedIn201-500 employees

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$18.1M

+29.9% from 2019

Total participants

402

0.0% from 2019

Average account balance

$53,693

+32.3% from 2019

Annual return

20.30%

-16.94 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.37M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

540

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+72.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$240

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 5 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH LIFE AGENCY Service code 55 · EIN 13-2808480	Other Commissions	$56,934
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 15 · EIN 04-1590850	Recordkeeping	$29,662
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 55 · EIN 13-5674085	Other Commissions	$22,615
STALKER & ASSOCIATES, INC.2 years Service code 13 · EIN 23-2756743 301 S. STATE STREET · NEWTOWN, PA 18940	Contract Administrator	$22,415
MESIROW FINANCIAL INVESTMENT MANAGE1 year Service code 49 · EIN 36-3429599	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$81K

$264 / participant

Investment mgmt$81K100.0%

% of EOY assets

0.447%

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: FRAZIER & DEETER, LLC
Auditor EIN: 581433845
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,693

$100,801-46.7%

$149,745-64.1%

$73,412-26.9%

Participation rate

79.2%

77.7%+1.5pp

82.5%-3.3pp

72.2%+7.0pp

Annual return

20.30%

265.34%-245.0pp

276.72%-256.4pp

59.30%-39.0pp

Employer contribution / active EE

$2,497

$3,312-24.6%

$4,646-46.2%

$2,234+11.8%

Participant deferral / active EE

$4,984

$6,404-22.2%

$6,843-27.2%

$3,806+31.0%

Admin fee / account holder

$240

$181+32.8%

$9,312-97.4%

$158+52.1%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH LIFE AGENCY

Service code 55 · EIN 13-2808480

Other Commissions

$56,934

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 15 · EIN 04-1590850

Recordkeeping

$29,662

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 55 · EIN 13-5674085

Other Commissions

$22,615

STALKER & ASSOCIATES, INC.2 years

Service code 13 · EIN 23-2756743

301 S. STATE STREET · NEWTOWN, PA 18940

Contract Administrator

$22,415

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Service code 49 · EIN 36-3429599

Other Services

CORESTATES, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORESTATES, INC. RETIREMENT 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