Retirement plan

CORBITT ENTERPRISES INC 401K PLAN

Name: CORBITT ENTERPRISES INC - CORBITT ENTERPRISES INC 401K PLAN (2021) Form 5500
Creator: CORBITT ENTERPRISES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORBITT ENTERPRISES INC 401K PLAN, CORBITT ENTERPRISES INC

CORBITT ENTERPRISES INCEIN 71-0678297Plan #006PY 2021

6902 BRODIE LANE - LITTLE ROCK, AR 722048604501-455-5959LinkedIn51-200 employeesglass, ceramics & concrete

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5M

+14.4% from 2020

Total participants

163

-0.6% from 2020

Average account balance

$39,942

+9.8% from 2020

Annual return

9.39%

+0.82 pp from 2020

Benchmarks

See 1,879 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,879 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.65M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

136

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.

63.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$499K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$319

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
SIMMONS FIRST TRUST COMPANY7+ years Filed as: SIMMONS FIRST TRUST COMPANY NA Service code 15 · EIN 71-0832709 501 MAIN STREET · PINEBLUFF, AR 71611	Recordkeeping	$39,012

Plan features & details

Pension benefit codes2E2F2J2K2T

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).
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.

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

$39K

$298 / participant

Investment mgmt$33K84.4%
Other / not subdivided$6K15.6%

% of EOY assets

0.781%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HCJ CPAS & ADVISORS PLLC
Auditor EIN: 710650689
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,942

$79,438-49.7%

$106,551-62.5%

$79,393-49.7%

Participation rate

71.0%

74.2%-3.2pp

76.1%-5.1pp

70.7%+0.3pp

Annual return

9.39%

18.27%-8.9pp

26.80%-17.4pp

116.87%-107.5pp

Employer contribution / active EE

$975

$2,235-56.4%

$2,819-65.4%

$2,428-59.8%

Participant deferral / active EE

$2,332

$3,824-39.0%

$4,398-47.0%

$4,046-42.4%

Admin fee / account holder

$312

$523-40.3%

$7,408-95.8%

$627-50.2%

Provider

Service type

Compensation

SIMMONS FIRST TRUST COMPANY7+ years

Filed as: SIMMONS FIRST TRUST COMPANY NA

Service code 15 · EIN 71-0832709

501 MAIN STREET · PINEBLUFF, AR 71611

Recordkeeping

$39,012

CORBITT ENTERPRISES INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORBITT ENTERPRISES INC 401K 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