Retirement plan

CONCENTRIX RETIREMENT AND SAVINGS PLAN

Name: CONCENTRIX CVG CORPORATION - CONCENTRIX RETIREMENT AND SAVINGS PLAN (2023) Form 5500
Creator: CONCENTRIX CVG CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONCENTRIX RETIREMENT AND SAVINGS PLAN, CONCENTRIX CVG CORPORATION

CONCENTRIX CVG CORPORATIONEIN 83-1746894Plan #002PY 2023

201 EAST FOURTH ST. - CINCINNATI, OH 45202513-837-1871LinkedIn11-50 employees

Other plans on this EIN

1 filing

#001Retirement-$118.3M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$797.6M

-12.0% from 2019

Total participants

21,289

-4.4% from 2019

Average account balance

$85,150

-35.4% from 2019

Annual return

29.75%

-29.49 pp from 2019

Benchmarks

See 1,196 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,196 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$879.73M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

8,746

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.

12.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+17.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$419,405
CAPFINANCIAL PARTNERS LLC3 years Filed as: CAPTRUST FINANCIAL ADVISORS Service code 16 · EIN 26-0058143	Consulting	$25,583
GEFFEN MESHER1 year Filed as: GEFFEN MESHER & COMPANY PC Service code 10 · EIN 93-1042710	Accounting	$22,534
WEALTH MANAGEMENT SYSTEMS INC2 years Service code 49 · EIN 22-3734996	Other Services	$0

Plan features & details

Pension benefit codes2F2H2J2K2R2T2E

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$464K

$28 / participant

Recordkeeping$414K89.1%
Other / not subdivided$51K10.9%

% of EOY assets

0.058%

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: KATZ SAPPER & MILLER, LLP
Auditor EIN: 351090346
Audit fees: $22,534
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,150

$96,393-11.7%

$130,298-34.7%

$96,393-11.7%

Participation rate

28.8%

71.3%-42.5pp

76.3%-47.5pp

71.3%-42.5pp

Annual return

29.75%

22.88%+6.9pp

38.90%-9.2pp

22.88%+6.9pp

Employer contribution / active EE

$901

$3,239-72.2%

$4,128-78.2%

$3,239-72.2%

Participant deferral / active EE

$2,227

$5,455-59.2%

$6,790-67.2%

$5,455-59.2%

Admin fee / account holder

$50

$74-32.9%

$6,025-99.2%

$74-32.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$419,405

CAPFINANCIAL PARTNERS LLC3 years

Filed as: CAPTRUST FINANCIAL ADVISORS

Service code 16 · EIN 26-0058143

Consulting

$25,583

GEFFEN MESHER1 year

Filed as: GEFFEN MESHER & COMPANY PC

Service code 10 · EIN 93-1042710

Accounting

$22,534

WEALTH MANAGEMENT SYSTEMS INC2 years

Service code 49 · EIN 22-3734996

Other Services

CONCENTRIX RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONCENTRIX RETIREMENT AND SAVINGS 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