Retirement plan

CONTRACTORS SERVICE CO., PROFIT SHARING PLAN

Name: CONTRACTORS SERVICE, LTD - CONTRACTORS SERVICE CO., PROFIT SHARING PLAN (2023) Form 5500
Creator: CONTRACTORS SERVICE, LTD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONTRACTORS SERVICE CO., PROFIT SHARING PLAN, CONTRACTORS SERVICE, LTD

CONTRACTORS SERVICE, LTDEIN 75-1282576Plan #001PY 2023

P.O. BOX 5284 - ABILENE, TX 79608325-692-4317cscparts.comLinkedIn1-10 employeesindustrial automation

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.9M

+15.2% from 2022

Total participants

-11.8% from 2022

Average account balance

$124,049

+30.6% from 2022

Annual return

15.13%

+22.72 pp from 2022

Benchmarks

See 51,594 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,594 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.04M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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

$30K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+9.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2683

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$43K

$2868 / participant

Other / not subdivided$43K100.0%

% of EOY assets

2.312%

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

$124,049

$106,267+16.7%

$96,520+28.5%

$139,456-11.0%

Participation rate

100.0%

77.8%+22.2pp

74.3%+25.7pp

80.3%+19.7pp

Annual return

15.13%

38.45%-23.3pp

35.72%-20.6pp

373.45%-358.3pp

Employer contribution / active EE

$2,000

$4,105-51.3%

$3,739-46.5%

$4,753-57.9%

Participant deferral / active EE

$5,454-100.0%

$4,879-100.0%

$6,711-100.0%

Admin fee / account holder

$2,868

$7,882-63.6%

$6,733-57.4%

$11,407-74.9%

CONTRACTORS SERVICE CO., PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONTRACTORS SERVICE CO., PROFIT SHARING 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