Retirement plan

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

Name: CITCO TECHNOLOGY MANAGEMENT - CITCO TECHNOLOGY MANAGEMENT, INC. 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: CITCO TECHNOLOGY MANAGEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CITCO TECHNOLOGY MANAGEMENT, INC. 401(K) RETIREMENT PLAN, CITCO TECHNOLOGY MANAGEMENT

CITCO TECHNOLOGY MANAGEMENTEIN 65-0307157Plan #001PY 2022

5900 N ANDREWS SUITE 700 - FT LAUDERDALE, FL 33309954-351-7275LinkedIn1-10 employees

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$194.8M

-9.2% from 2016

Total participants

1,429

+4.4% from 2016

Average account balance

$155,059

-11.7% from 2016

Annual return

-16.47%

-4.32 pp from 2016

Benchmarks

See 1,529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,529 peers

Snapshot2022

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$299,044
LOCKTON INVESTMENT ADVISORS, LLC8+ years Service code 27 · EIN 20-8874282	Advisory (Plan)	$50,680
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING INC Service code 27 · EIN 43-1270780	Advisory (Plan)	$8,312

Plan features & details

Pension benefit codes2E2J2F2G2K3D2T

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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$332K

$408 / participant

Investment mgmt$297K89.3%
Contract admin$13K4.1%
Other / not subdivided$22K6.6%

% of EOY assets

0.171%

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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$155,059

$86,897+78.4%

$151,634+2.3%

$64,829+139.2%

Participation rate

78.8%

87.3%-8.5pp

87.5%-8.7pp

71.5%+7.3pp

Annual return

-16.47%

-3.57%-12.9pp

3.32%-19.8pp

32.85%-49.3pp

Employer contribution / active EE

$4,028

$4,010+0.5%

$6,165-34.7%

$2,507+60.7%

Participant deferral / active EE

$9,766

$6,690+46.0%

$8,363+16.8%

$4,312+126.5%

Admin fee / account holder

$264

$153+72.9%

$11,614-97.7%

$188+40.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$299,044

LOCKTON INVESTMENT ADVISORS, LLC8+ years

Service code 27 · EIN 20-8874282

Advisory (Plan)

$50,680

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING INC

Service code 27 · EIN 43-1270780

Advisory (Plan)

$8,312

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