Retirement plan

UFINANCIAL EMPLOYEES 401(K) PLAN

Name: COCORES HOLDINGS, LLC D.B.A UFINANICAL GROUP - UFINANCIAL EMPLOYEES 401(K) PLAN (2019) Form 5500
Creator: COCORES HOLDINGS, LLC D.B.A UFINANICAL GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UFINANCIAL EMPLOYEES 401(K) PLAN, COCORES HOLDINGS, LLC D.B.A UFINANICAL GROUP

COCORES HOLDINGS, LLC D.B.A UFINANICAL GROUPEIN 82-2487164Plan #001PY 2019

5001 LOUISE DR, SUITE 300 - MECHANICSBURG, PA 17055717-791-3300

Prospect flagsLow employer contributionLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$5.4M

+21.3% from 2018

Total participants

127

-0.8% from 2018

Average account balance

$47,961

+23.5% from 2018

Annual return

19.98%

+25.82 pp from 2018

Benchmarks

See 115 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Cohort115 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.25M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

135

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$855K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$280

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 10 of 23 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$22,042
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTOR SERVICES INC Service code 53	Insurance Commissions	$5,106
QUALIFIED PLANS, LLC2+ years Service code 13 · EIN 58-2605083	Contract Administrator	$1,466
FUTURE PLAN CONSULTING - FORT WAYNE1 year Filed as: FUTURE PLAN CONSULTING-FORT WAYNE Service code 13 · EIN 11-3665754	Contract Administrator	$1,463
QUALIFIED PLANS, LLC2+ years Filed as: QUALIFIED PLANS LLC OF PEORIA Service code 13	Contract Administrator	$300
AMERICAN CENTURY2+ years Service code 52 · EIN 44-6006315	Indirect Investment Fees	$0
AMERICAN FUNDS2+ years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BRIAN FREEMAN2+ years Filed as: BRIAN ROBERT LOGAN Service code 53 5001 LOUISE DR, STE 300 · MECHANICSBURG, PA 17055	Insurance Commissions	$0
DREW E YERGER2+ years Service code 53 5001 LOUISE DR, STE 300 · MECHANICSBURG, PA 17055	Insurance Commissions	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC2+ years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2J2K2T3D

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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$22K

$223 / participant

Contract admin$22K100.0%

% of EOY assets

0.410%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SMITH ELLIOTT KEARNS & COMPANY, LLC
Auditor EIN: 520783935
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,961

$511,364-90.6%

$162,177-70.4%

Participation rate

84.8%

87.5%-2.6pp

87.6%-2.7pp

Annual return

19.98%

18.01%+2.0pp

115.60%-95.6pp

Employer contribution / active EE

$1,117

$2,842-60.7%

$5,613-80.1%

Participant deferral / active EE

$3,398

$5,219-34.9%

$7,297-53.4%

Admin fee / account holder

$197

$22,911-99.1%

$10,843-98.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$22,042

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTOR SERVICES INC

Service code 53

Insurance Commissions

$5,106

QUALIFIED PLANS, LLC2+ years

Service code 13 · EIN 58-2605083

Contract Administrator

$1,466

FUTURE PLAN CONSULTING - FORT WAYNE1 year

Filed as: FUTURE PLAN CONSULTING-FORT WAYNE

Service code 13 · EIN 11-3665754

Contract Administrator

$1,463

QUALIFIED PLANS, LLC2+ years

Filed as: QUALIFIED PLANS LLC OF PEORIA

Service code 13

Contract Administrator

$300

AMERICAN CENTURY2+ years

Service code 52 · EIN 44-6006315

Indirect Investment Fees

AMERICAN FUNDS2+ years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BRIAN FREEMAN2+ years

Filed as: BRIAN ROBERT LOGAN

Service code 53

5001 LOUISE DR, STE 300 · MECHANICSBURG, PA 17055

Insurance Commissions

DREW E YERGER2+ years

Service code 53

5001 LOUISE DR, STE 300 · MECHANICSBURG, PA 17055

Insurance Commissions

ENVESTNET RETIREMENT SOLUTIONS, LLC2+ years

Service code 27 · EIN 61-1732930

Advisory (Plan)

UFINANCIAL EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UFINANCIAL EMPLOYEES 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