Retirement plan

CUMMINGS CREATIVE GROUP, INC. RETIREMENT SAVINGS PLAN

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

CUMMINGS CREATIVE GROUP, INC.EIN 63-1097891Plan #001PY 2020

2121 FIRST AVENUE NORTH, STE 101 - BIRMINGHAM, AL 352034221205-939-1233ccgideas.comLinkedIn11-50 employeesmarketing and advertising

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.7M

-27.1% from 2019

Total participants

-12.5% from 2019

Average account balance

$84,187

-30.7% from 2019

Annual return

-6.13%

-25.77 pp from 2019

Benchmarks

See 22,196 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,196 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.91M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$263K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+8.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5052

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$677K

$48330 / participant

Other / not subdivided$677K100.0%

% of EOY assets

40.185%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,187

$162,812-48.3%

$133,971-37.2%

$158,966-47.0%

Participation rate

92.9%

83.2%+9.6pp

79.8%+13.0pp

82.0%+10.9pp

Annual return

-6.13%

41.94%-48.1pp

45.09%-51.2pp

302.95%-309.1pp

Employer contribution / active EE

$6,924

$4,976+39.1%

$3,919+76.7%

$4,762+45.4%

Participant deferral / active EE

$6,793

$5,910+14.9%

$5,047+34.6%

$5,983+13.5%

Admin fee / account holder

$33,831

$11,741+188.1%

$8,929+278.9%

$11,250+200.7%

CUMMINGS CREATIVE GROUP, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUMMINGS CREATIVE GROUP, 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