Retirement plan

DBA DUTCHIE 401(K) PLAN

Name: COURIER PLUS, INC. - DBA DUTCHIE 401(K) PLAN (2023) Form 5500
Creator: COURIER PLUS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DBA DUTCHIE 401(K) PLAN, COURIER PLUS, INC.

COURIER PLUS, INC.EIN 83-1035109Plan #001PY 2023

68 HARRISON AVENUE #605, PMB 49488 - BOSTON, MA 02111866-838-8244

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.2M

+27.6% from 2022

Total participants

566

-24.8% from 2022

Average account balance

$25,085

+54.1% from 2022

Annual return

18.78%

+10.79 pp from 2022

Benchmarks

See 601 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort601 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.14M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

373

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.

74.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+21.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$318

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 4 by compensation

Provider	Service type	Compensation
COMPENSATION SYSTEMS, INC.1 year Filed as: COMPENSATION SYSTEMS INC Service code 13	Contract Administrator	$31,221
GLOBAL RETIREMENT PARTNERS LLC1 year Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 · EIN 47-1411118 4340 REDWOOD HWY STE B60 · SAN RAFAEL, CA 94903	Advisory (Plan)	$9,612
COMPENSATION SYSTEMS, INC.1 year Filed as: COMPENSATION SYSTEMS, INC Service code 13 · EIN 35-1277460 900 E 96TH ST STE 325 · INDIANAPOLIS, IN 46240	Contract Administrator	$8,837
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$8,658

Plan features & details

Pension benefit codes2E2J2F2G3D2T

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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$42K

$91 / participant

Recordkeeping$42K100.0%

% of EOY assets

0.348%

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: MH CPA PLLC
Auditor EIN: 371119790
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,085

$89,282-71.9%

$94,679-73.5%

$74,440-66.3%

Participation rate

83.0%

82.4%+0.6pp

80.8%+2.2pp

70.7%+12.3pp

Annual return

18.78%

25.96%-7.2pp

156.75%-138.0pp

34.37%-15.6pp

Employer contribution / active EE

$3,022-100.0%

$3,673-100.0%

$2,638-100.0%

Participant deferral / active EE

$6,954

$8,425-17.5%

$7,417-6.3%

$4,529+53.5%

Admin fee / account holder

$87

$219-60.1%

$7,233-98.8%

$348-74.9%

Provider

Service type

Compensation

COMPENSATION SYSTEMS, INC.1 year

Filed as: COMPENSATION SYSTEMS INC

Service code 13

Contract Administrator

$31,221

GLOBAL RETIREMENT PARTNERS LLC1 year

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27 · EIN 47-1411118

4340 REDWOOD HWY STE B60 · SAN RAFAEL, CA 94903

Advisory (Plan)

$9,612

COMPENSATION SYSTEMS, INC.1 year

Filed as: COMPENSATION SYSTEMS, INC

Service code 13 · EIN 35-1277460

900 E 96TH ST STE 325 · INDIANAPOLIS, IN 46240

Contract Administrator

$8,837

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$8,658

DBA DUTCHIE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DBA DUTCHIE 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