Retirement plan

CAREER STRATEGIES, INC. 401(K) PLAN

Name: CAREER STRATEGIES, INC. - CAREER STRATEGIES, INC. 401(K) PLAN (2020) Form 5500
Creator: CAREER STRATEGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAREER STRATEGIES, INC. 401(K) PLAN, CAREER STRATEGIES, INC.

CAREER STRATEGIES, INC.EIN 83-2725927Plan #001PY 2020

719 N. VICTORY BOULEVARD - BURBANK, CA 91502818-558-6692csi4jobs.comLinkedIn51-200 employeesstaffing and recruiting

Other plans on this EIN

1 filing

#002Retirement-$10.5M assets

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$4.7M

+9.4% from 2019

Total participants

113

+1.8% from 2019

Average account balance

$57,018

+8.0% from 2019

Annual return

8.81%

-8.31 pp from 2019

Benchmarks

See 4,277 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort4,277 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.22M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

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.

67.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$749K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27999

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT-WEST LIFE & ANNUITY INS Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$18,158
KESTRA INVESTMENT SERVICES LLC2+ years Filed as: KESTRA INVESTMENT SERVICES, LLC Service code 55 1250 CAPITAL OF TEXAS HWY S #2-125 · AUSTIN, TX 78746	Other Commissions	$16,884
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: EMPOWER RETIRMENT ADVISORY SERVICES Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$11,804
TRUOG-RYDING COMPANY, INC.2+ years Service code 13	Contract Administrator	$1,983
TRUOG-RYDING COMPANY, INC.2+ years Filed as: TRUOG-RYDING COMPANY, INC Service code 13 2659 TOWNSGATE ROAD, STE. 101 · WESTLAKE VILLAGE, CA 91361	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$30K

$348 / participant

Investment mgmt$30K99.5%
Contract admin$1500.5%

% of EOY assets

0.641%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SINGERLEWAK, LLP
Auditor EIN: 952302617
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,018

$52,279+9.1%

$89,414-36.2%

$79,852-28.6%

Participation rate

64.0%

57.5%+6.4pp

68.0%-4.0pp

69.6%-5.7pp

Annual return

8.81%

22.16%-13.4pp

245.50%-236.7pp

31.72%-22.9pp

Employer contribution / active EE

$644

$1,572-59.0%

$2,586-75.1%

$2,471-73.9%

Participant deferral / active EE

$4,595

$2,740+67.7%

$3,890+18.1%

$3,740+22.8%

Admin fee / account holder

$365

$3,356-89.1%

$4,883-92.5%

$5,306-93.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$18,158

KESTRA INVESTMENT SERVICES LLC2+ years

Filed as: KESTRA INVESTMENT SERVICES, LLC

Service code 55

1250 CAPITAL OF TEXAS HWY S #2-125 · AUSTIN, TX 78746

Other Commissions

$16,884

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: EMPOWER RETIRMENT ADVISORY SERVICES

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$11,804

TRUOG-RYDING COMPANY, INC.2+ years

Service code 13

Contract Administrator

$1,983

TRUOG-RYDING COMPANY, INC.2+ years

Filed as: TRUOG-RYDING COMPANY, INC

Service code 13

2659 TOWNSGATE ROAD, STE. 101 · WESTLAKE VILLAGE, CA 91361

Contract Administrator

CAREER STRATEGIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAREER STRATEGIES, INC. 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