Retirement plan

CUSHING TERRELL 401(K) RETIREMENT PLAN

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

CUSHING TERRELLEIN 81-0305543Plan #001PY 2022

13 NORTH 23RD STREET - BILLINGS, MT 59103406-248-7455cushingterrell.comLinkedIn201-500 employeesarchitecture & planning

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$60.8M

-10.4% from 2016

Total participants

570

-9.1% from 2016

Average account balance

$114,643

-6.1% from 2016

Annual return

-14.96%

-5.41 pp from 2016

Benchmarks

See 3,158 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,158 peers

Snapshot2022

Participant deferral / active EE

$7,210

median $7,179

Employer contribution / active EE

median $2,628

Participation rate

90.8%

median 88.4%

Avg account balance

$114,643

median $53,682

Admin fee / account holder

$370

median $123

Annual return

-14.96%

median -15.35%

Overall peer rank

48of 100

48th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$91.60M

Average account balance

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

$150K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

609

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

93.6%

Contributions (total)

Employer and participant dollars contributed each year

$5.72M

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+23.10%

Admin fee / account holder

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

$326

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIRST INTERSTATE WEALTH MANAGEMENT5 years Service code 99 401 NORTH 31ST ST · BILLINGS, MT 59101	Other Fees	$122,080
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$73,871

Plan features & details

Pension benefit codes2E2F2G2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$196K

$452 / participant

Contract admin$196K100.0%

% of EOY assets

0.322%

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: KCOE ISOM, LLP
Auditor EIN: 480567703
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,643

$82,188+39.5%

$125,401-8.6%

$64,829+76.8%

Participation rate

90.8%

77.9%+12.9pp

82.4%+8.4pp

71.5%+19.3pp

Annual return

-14.96%

3.50%-18.5pp

572.53%-587.5pp

32.85%-47.8pp

Employer contribution / active EE

$3,617-100.0%

$4,816-100.0%

$2,507-100.0%

Participant deferral / active EE

$7,210

$7,177+0.5%

$7,448-3.2%

$4,312+67.2%

Admin fee / account holder

$370

$163+126.5%

$10,008-96.3%

$188+96.8%

Provider

Service type

Compensation

FIRST INTERSTATE WEALTH MANAGEMENT5 years

Service code 99

401 NORTH 31ST ST · BILLINGS, MT 59101

Other Fees

$122,080

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$73,871

CUSHING TERRELL 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUSHING TERRELL 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