Retirement plan

CORECIVIC 401(K) PLAN

Name: CORECIVIC OF TENNESSEE, LLC - CORECIVIC 401(K) PLAN (2024) Form 5500
Creator: CORECIVIC OF TENNESSEE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORECIVIC 401(K) PLAN, CORECIVIC OF TENNESSEE, LLC

CORECIVIC OF TENNESSEE, LLCEIN 62-1806755Plan #001PY 2024

5501 VIRGINIA WAY, SUITE 110 - BRENTWOOD, TN 37027615-263-3000LinkedIn10001+ employeestelecommunications

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$453.6M

-3.9% from 2016

Total participants

13,740

-3.5% from 2016

Average account balance

$44,798

+4.3% from 2016

Annual return

17.20%

-9.01 pp from 2016

Benchmarks

See 1,248 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,248 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$453.58M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

10,125

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.

67.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$590,443
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Service code 27 · EIN 85-3439612 P.O. BOX 735399 · DALLAS, TX 753735399	Advisory (Plan)	$84,891
HANCOCK ASKEW & CO., LLP10+ years Filed as: HANCOCK ASKEW Service code 10 · EIN 58-0662558 100 RIVERVIEW DRIVE · SAVANNAH, GA 31404	Accounting	$49,500
HOLLAND & KNIGHT2 years Filed as: HOLLAND & KNIGHT LLS Service code 29 · EIN 59-0663819 P.O. BOX 936937 · ATLANTA, GA 311936937	Legal	$30,561
RESOURCES INVESTMENT ADVISORS LLC4 years Filed as: RESOURCES INVESTMENT ADVISORS, LLC Service code 28 · EIN 43-1451524 4860 COLLEGE BLVD · OVERLAND PARK, KS 66211	Investment Management	$9,319

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$848K

$77 / participant

Recordkeeping$673K79.4%
Investment mgmt$94K11.1%
Legal$31K3.6%
Other / not subdivided$50K5.8%

% of EOY assets

0.187%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $49,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,798

$106,553-58.0%

$81,882-45.3%

$106,553-58.0%

Participation rate

67.1%

69.8%-2.7pp

72.4%-5.3pp

69.8%-2.7pp

Annual return

17.20%

17.37%-0.2pp

779.47%-762.3pp

17.37%-0.2pp

Employer contribution / active EE

$1,738

$3,359-48.2%

$2,916-40.4%

$3,359-48.2%

Participant deferral / active EE

$1,884

$5,562-66.1%

$4,323-56.4%

$5,562-66.1%

Admin fee / account holder

$84

$80+5.1%

$7,360-98.9%

$80+5.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$590,443

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Service code 27 · EIN 85-3439612

P.O. BOX 735399 · DALLAS, TX 753735399

Advisory (Plan)

$84,891

HANCOCK ASKEW & CO., LLP10+ years

Filed as: HANCOCK ASKEW

Service code 10 · EIN 58-0662558

100 RIVERVIEW DRIVE · SAVANNAH, GA 31404

Accounting

$49,500

HOLLAND & KNIGHT2 years

Filed as: HOLLAND & KNIGHT LLS

Service code 29 · EIN 59-0663819

P.O. BOX 936937 · ATLANTA, GA 311936937

Legal

$30,561

RESOURCES INVESTMENT ADVISORS LLC4 years

Filed as: RESOURCES INVESTMENT ADVISORS, LLC

Service code 28 · EIN 43-1451524

4860 COLLEGE BLVD · OVERLAND PARK, KS 66211

Investment Management

$9,319

CORECIVIC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORECIVIC 401(K) 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