Retirement plan

CARNEGIE TELEPHONE COMPANY ROTH 401(K) PLAN

Name: CARNEGIE TELEPHONE COMPANY - CARNEGIE TELEPHONE COMPANY ROTH 401(K) PLAN (2020) Form 5500
Creator: CARNEGIE TELEPHONE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARNEGIE TELEPHONE COMPANY ROTH 401(K) PLAN, CARNEGIE TELEPHONE COMPANY

CARNEGIE TELEPHONE COMPANYEIN 73-0673928Plan #002PY 2020

P.O. BOX 96 - CARNEGIE, OK 73015580-654-1002carnegietelco.comLinkedIn11-50 employeesinformation technology and services

Other plans on this EIN

1 filing

#001Retirement-$1.4M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$316K

+18.6% from 2019

Total participants

-7.7% from 2019

Average account balance

$26,356

+28.5% from 2019

Annual return

11.67%

-2.65 pp from 2019

Benchmarks

See 9,162 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants<25

Cohort9,162 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$419K

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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

$67K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+0.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1102

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 codes2E2G2J3D

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$6K

$511 / participant

Other / not subdivided$6K100.0%

% of EOY assets

1.939%

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

$26,356

$115,917-77.3%

$100,535-73.8%

$158,982-83.4%

Participation rate

100.0%

81.6%+18.4pp

79.4%+20.6pp

82.0%+18.0pp

Annual return

11.67%

34.80%-23.1pp

30.90%-19.2pp

302.99%-291.3pp

Employer contribution / active EE

$1,439

$4,105-65.0%

$3,419-57.9%

$4,763-69.8%

Participant deferral / active EE

$597

$6,677-91.1%

$6,271-90.5%

$5,983-90.0%

Admin fee / account holder

$511

$11,002-95.4%

$8,085-93.7%

$11,252-95.5%

CARNEGIE TELEPHONE COMPANY ROTH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARNEGIE TELEPHONE COMPANY ROTH 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