Retirement plan

CITCO TECHNOLOGY MANAGEMENT, INC. 401(K) RETIREMENT PLAN

Name: CITCO TECHNOLOGY MANAGEMENT, INC. - CITCO TECHNOLOGY MANAGEMENT, INC. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: CITCO TECHNOLOGY MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CITCO TECHNOLOGY MANAGEMENT, INC. 401(K) RETIREMENT PLAN, CITCO TECHNOLOGY MANAGEMENT, INC.

CITCO TECHNOLOGY MANAGEMENT, INC.EIN 65-0307157Plan #001PY 2024

5900 N ANDREWS SUITE 700 - FT LAUDERDALE, FL 33309954-351-7244LinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$271.2M

-9.2% from 2016

Total participants

1,212

+4.4% from 2016

Average account balance

$241,883

-11.7% from 2016

Annual return

17.03%

-4.32 pp from 2016

Benchmarks

See 1,547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,547 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$271.15M

Not enough data

1 years with asset history on file

Average account balance

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

$242K

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.

1,121

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+17.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$409

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 INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$358,439
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING HOLDCO LLC DBA CR Service code 27 5454 110TH ST · OVERLAND PARK, KS 66211	Advisory (Plan)	$45,742
CREATIVE PLANNING LLC2 years Service code 27 5440 W 110TH ST STE 102 · OVERLAND PARK, KS 66211	Advisory (Plan)	$39,345
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$12,474
QDRO CONSULTANTS COMPANY, LLC1 year Filed as: QDRO CONSULTANTS Service code 16 · EIN 34-1820650	Consulting	$2,000

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$458K

$602 / participant

Recordkeeping$358K78.3%
Investment mgmt$98K21.3%
Other / not subdivided$2K0.4%

% of EOY assets

0.169%

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: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$241,883

$129,227+87.2%

$184,256+31.3%

$77,762+211.1%

Participation rate

88.0%

87.4%+0.7pp

86.8%+1.2pp

70.6%+17.5pp

Annual return

17.03%

33.24%-16.2pp

28.85%-11.8pp

31.27%-14.2pp

Employer contribution / active EE

$5,504

$4,412+24.7%

$6,427-14.4%

$2,728+101.7%

Participant deferral / active EE

$12,964

$7,307+77.4%

$9,133+41.9%

$4,651+178.7%

Admin fee / account holder

$409

$256+59.8%

$13,899-97.1%

$433-5.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$358,439

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING HOLDCO LLC DBA CR

Service code 27

5454 110TH ST · OVERLAND PARK, KS 66211

Advisory (Plan)

$45,742

CREATIVE PLANNING LLC2 years

Service code 27

5440 W 110TH ST STE 102 · OVERLAND PARK, KS 66211

Advisory (Plan)

$39,345

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$12,474

QDRO CONSULTANTS COMPANY, LLC1 year

Filed as: QDRO CONSULTANTS

Service code 16 · EIN 34-1820650

Consulting

$2,000

CITCO TECHNOLOGY MANAGEMENT, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CITCO TECHNOLOGY MANAGEMENT, INC. 401(K) RETIREMENT 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