Retirement plan

US EYE 40(K) RETIREMENT SAVINGS PLAN

Name: CFS MANAGEMENT, LLC - US EYE 40(K) RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: CFS MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, US EYE 40(K) RETIREMENT SAVINGS PLAN, CFS MANAGEMENT, LLC

CFS MANAGEMENT, LLCEIN 83-4228141Plan #002PY 2024

1360 E. VENICE AVENUE - VENICE, FL 34285941-925-2020

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$39.9M

+14.9% from 2023

Total participants

1,077

+2.1% from 2023

Average account balance

$60,120

+16.5% from 2023

Annual return

14.69%

-6.36 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.86M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

663

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.

57.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.50M

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

+14.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$286

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 6 by compensation

Provider	Service type	Compensation
CECILCO1 year Service code 28 14881 QUORUM DR., SUITE 340 · DALLAS, TX 75254	Investment Management	$58,634
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH PERCE FENNER & SMITH Service code 27 1400 AMERIAN BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$53,238
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$32,921
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$26,831
ASSURANCE DIMENSIONS2 years Service code 10 4920 WEST CYPRESS STREET, SUITE 102 · TAMPA, FL 33607	Accounting	$17,255
PENSION ASSURANCE LLP4 years Filed as: KB PENSION SERVICES, INC. Service code 13 9423 TOWN CENTER PARKWAY · LAKEWOOD RANCH, FL 34202	Contract Administrator	$5,829

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

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

$190K

$197 / participant

Recordkeeping$33K17.4%
Investment mgmt$80K42.2%
Contract admin$59K31.3%
Other / not subdivided$17K9.1%

% of EOY assets

0.476%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: $17,255
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,120

$50,919+18.1%

$155,556-61.4%

$77,762-22.7%

Participation rate

57.0%

63.1%-6.1pp

78.2%-21.2pp

70.6%-13.6pp

Annual return

14.69%

34.84%-20.1pp

64.84%-50.1pp

31.27%-16.6pp

Employer contribution / active EE

$1,849

$1,991-7.2%

$4,675-60.5%

$2,728-32.2%

Participant deferral / active EE

$3,866

$2,824+36.9%

$5,631-31.3%

$4,651-16.9%

Admin fee / account holder

$286

$437-34.5%

$15,885-98.2%

$433-33.9%

Provider

Service type

Compensation

CECILCO1 year

Service code 28

14881 QUORUM DR., SUITE 340 · DALLAS, TX 75254

Investment Management

$58,634

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH PERCE FENNER & SMITH

Service code 27

1400 AMERIAN BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$53,238

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$32,921

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$26,831

ASSURANCE DIMENSIONS2 years

Service code 10

4920 WEST CYPRESS STREET, SUITE 102 · TAMPA, FL 33607

Accounting

$17,255

PENSION ASSURANCE LLP4 years

Filed as: KB PENSION SERVICES, INC.

Service code 13

9423 TOWN CENTER PARKWAY · LAKEWOOD RANCH, FL 34202

Contract Administrator

$5,829

US EYE 40(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

US EYE 40(K) RETIREMENT 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