Retirement plan

UFINANCIAL EMPLOYEES 401(K) PLAN

Name: COCORES HOLDINGS, LLC D.B.A UFINANICAL GROUP - UFINANCIAL EMPLOYEES 401(K) PLAN (2020) 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 2020

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

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$6.6M

+23.1% from 2019

Total participants

142

+11.8% from 2019

Average account balance

$53,324

+11.2% from 2019

Annual return

16.40%

-3.58 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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

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

Service providers

Top 10 of 17 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$31,139
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MML INVESTOR SERVICES INC Service code 53	Insurance Commissions	$8,885
FUTURE PLAN CONSULTING - FORT WAYNE2 years Filed as: FUTURE PLAN CONSULTING-FORT WAYNE Service code 13 · EIN 11-3665754	Contract Administrator	$3,024
AMERICAN FUNDS3+ years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BRIAN FREEMAN3+ years Filed as: BRIAN ROBERT LOGAN Service code 53 5001 LOUISE DR STE 300 · MECHANICSBURG, PA 17055	Insurance Commissions	$0
DREW E YERGER3+ years Service code 53 5001 LOUISE DR STE 300 · MECHANICSBURG, PA 17055	Insurance Commissions	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET RETIREMENT SOLUTIONS Service code 27	Advisory (Plan)	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC3+ years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Filed as: FIDELITY ADVISOR Service code 52 · EIN 04-3022712	Indirect Investment Fees	$0
INVESCO3+ years Service code 52 · EIN 93-6305075	Indirect Investment Fees	$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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$31K

$299 / participant

Investment mgmt$29K94.1%
Contract admin$2K5.9%

% of EOY assets

0.471%

all-in expense ratio

Categories reported

2 / 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

$53,324

$136,307-60.9%

$177,840-70.0%

$73,493-27.4%

Participation rate

82.7%

86.1%-3.4pp

87.7%-5.0pp

70.7%+12.0pp

Annual return

16.40%

18.68%-2.3pp

48.32%-31.9pp

28.51%-12.1pp

Employer contribution / active EE

$1,382

$3,712-62.8%

$5,919-76.6%

$2,270-39.1%

Participant deferral / active EE

$3,998

$5,829-31.4%

$7,714-48.2%

$3,740+6.9%

Admin fee / account holder

$251

$596-57.8%

$12,431-98.0%

$513-51.1%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$31,139

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MML INVESTOR SERVICES INC

Service code 53

Insurance Commissions

$8,885

FUTURE PLAN CONSULTING - FORT WAYNE2 years

Filed as: FUTURE PLAN CONSULTING-FORT WAYNE

Service code 13 · EIN 11-3665754

Contract Administrator

$3,024

AMERICAN FUNDS3+ years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BRIAN FREEMAN3+ years

Filed as: BRIAN ROBERT LOGAN

Service code 53

5001 LOUISE DR STE 300 · MECHANICSBURG, PA 17055

Insurance Commissions

DREW E YERGER3+ years

Service code 53

5001 LOUISE DR STE 300 · MECHANICSBURG, PA 17055

Insurance Commissions

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET RETIREMENT SOLUTIONS

Service code 27

Advisory (Plan)

ENVESTNET RETIREMENT SOLUTIONS, LLC3+ years

Service code 27 · EIN 61-1732930

Advisory (Plan)

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Filed as: FIDELITY ADVISOR

Service code 52 · EIN 04-3022712

Indirect Investment Fees

INVESCO3+ years

Service code 52 · EIN 93-6305075

Indirect Investment Fees

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