Retirement plan

SERVPRO OF MILFORD RETIREMENT PLAN

Name: CKG ASSOCIATES, LLC DBA SERVPRO OF MILFORD - SERVPRO OF MILFORD RETIREMENT PLAN (2023) Form 5500
Creator: CKG ASSOCIATES, LLC DBA SERVPRO OF MILFORD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SERVPRO OF MILFORD RETIREMENT PLAN, CKG ASSOCIATES, LLC DBA SERVPRO OF MILFORD

CKG ASSOCIATES, LLC DBA SERVPRO OF MILFORDEIN 77-0715258Plan #001PY 2023

232 AMITY ROAD - WOODBRIDGE, CT 06525203-301-0500LinkedIn11-50 employeestelecommunications

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$980K

+52.8% from 2022

Total participants

+12.2% from 2022

Average account balance

$18,150

+38.7% from 2022

Annual return

34.08%

+51.14 pp from 2022

Benchmarks

See 9,816 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,816 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.66M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

126.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$186K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+22.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1061

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 codes2E2F2G2J2T3D

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.
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

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

$50K

$1475 / participant

Other / not subdivided$50K100.0%

% of EOY assets

5.117%

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

$18,150

$57,312-68.3%

$86,617-79.0%

$75,181-75.9%

Participation rate

97.1%

63.2%+33.9pp

71.7%+25.4pp

67.2%+29.9pp

Annual return

34.08%

2672.78%-2638.7pp

591.91%-557.8pp

160.69%-126.6pp

Employer contribution / active EE

$1,761

$2,315-24.0%

$3,023-41.8%

$2,671-34.1%

Participant deferral / active EE

$3,242

$3,319-2.3%

$4,437-26.9%

$4,126-21.4%

Admin fee / account holder

$929

$4,114-77.4%

$5,613-83.5%

$5,650-83.6%

SERVPRO OF MILFORD RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SERVPRO OF MILFORD 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