Retirement plan

CORECIVIC 401(K) PLAN

Name: CORECIVIC OF TENNESSEE, LLC - CORECIVIC 401(K) PLAN (2017) 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 2017

10 BURTON HILLS BLVD - NASHVILLE, TN 37215615-263-3000LinkedIn10001+ employeestelecommunications

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$328.8M

-3.9% from 2016

Total participants

19,960

-3.5% from 2016

Average account balance

$22,342

+4.3% from 2016

Annual return

15.87%

-9.01 pp from 2016

Benchmarks

See 1,023 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,023 peers

Snapshot2017

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
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$517,494
SUNTRUST BANKS, INC.2 years Filed as: SUNTRUST RETIREMENT SPECIALISTS Service code 26 · EIN 58-1575035	Advisory (Participants)	$88,637
HANCOCK ASKEW & CO., LLP3+ years Filed as: HANCOCK ASKEW Service code 10 · EIN 58-0662558	Accounting	$26,000
LELLYETT & ROGERS CO3+ years Service code 36 · EIN 62-0990673	Copying and duplicating; Direct payme...	$15,389
WALLER LANSDEN DORTCH & DAVIS1 year Service code 29 · EIN 62-0479474	Legal	$6,089

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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$660K

$45 / participant

Investment mgmt$89K13.4%
Contract admin$520K78.8%
Other / not subdivided$51K7.8%

% of EOY assets

0.201%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HANCOCK, ASKEW & CO., LLP
Auditor EIN: 580662558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,342

$80,976-72.4%

$86,593-74.2%

$80,976-72.4%

Participation rate

64.3%

68.3%-4.0pp

73.5%-9.3pp

68.3%-4.0pp

Annual return

15.87%

22.91%-7.0pp

965.08%-949.2pp

22.91%-7.0pp

Employer contribution / active EE

$1,079

$2,402-55.1%

$2,840-62.0%

$2,402-55.1%

Participant deferral / active EE

$1,118

$3,848-70.9%

$3,609-69.0%

$3,848-70.9%

Admin fee / account holder

$45

$67-33.6%

$4,904-99.1%

$67-33.6%

Provider

Service type

Compensation

ASCENSUS LLC3+ years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$517,494

SUNTRUST BANKS, INC.2 years

Filed as: SUNTRUST RETIREMENT SPECIALISTS

Service code 26 · EIN 58-1575035

Advisory (Participants)

$88,637

HANCOCK ASKEW & CO., LLP3+ years

Filed as: HANCOCK ASKEW

Service code 10 · EIN 58-0662558

Accounting

$26,000

LELLYETT & ROGERS CO3+ years

Service code 36 · EIN 62-0990673

Copying and duplicating; Direct payme...

$15,389

WALLER LANSDEN DORTCH & DAVIS1 year

Service code 29 · EIN 62-0479474

Legal

$6,089

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