Retirement plan

CRB GROUP, INC 401(K) PLAN

Name: CRB GROUP, INC. - CRB GROUP, INC 401(K) PLAN (2022) Form 5500
Creator: CRB GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CRB GROUP, INC 401(K) PLAN, CRB GROUP, INC.

CRB GROUP, INC.EIN 84-3462211Plan #001PY 2022

1251 NW BRIARCLIFF PARKWAY - KANSAS CITY, MO 64116816-880-9800

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$172.3M

-11.5% from 2021

Total participants

1,902

+9.3% from 2021

Average account balance

$1,063,853

+808.0% from 2021

Annual return

-15.87%

-34.31 pp from 2021

Benchmarks

See 900 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort900 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$216.25M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

1,496

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+16.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$236

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: PUTNAM INVESTMENTS Service code 64 ONE POST OFFICE SQUARE · BOSTON, MA 02109	Recordkeeping Fees	$161,112
CBIZ RETIREMENT PLAN SERVICES3+ years Filed as: CBIZ INVESTMENT ADVISORY SERVICES Service code 27 6050 OAK TREE BLVD S, STE 500 · CLEVELAND, OH 44131	Advisory (Plan)	$67,320
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: MHM RETIREMENT PLAN SOLUTIONS Service code 13 700 W 47TH STREET, SUITE 1100 · KANSAS CITY, MO 64112	Contract Administrator	$58,293
MARKSNELSON LLC3+ years Service code 10 1310 E 104TH STREET STE 300 · KANSAS CITY, MO 64131	Accounting	$16,250
LEXAURUM ADVISORS LLC2 years Service code 71 16010 METCALF AVE, STE 101 · OVERLAND PARK, KS 66085	Brokerage Fees	$5,728

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3B3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$309K

$196 / participant

Investment mgmt$73K23.7%
Contract admin$219K70.9%
Other / not subdivided$17K5.3%

% of EOY assets

0.179%

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: MARKS NELSON LLC
Auditor EIN: 481238645
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,063,853

$95,388+1015.3%

$125,363+748.6%

$77,906+1265.6%

Participation rate

0.0%

78.6%-78.6pp

82.4%-82.4pp

73.7%-73.7pp

Annual return

-15.87%

116.19%-132.1pp

572.15%-588.0pp

12.16%-28.0pp

Employer contribution / active EE

$3,281

$3,666-10.5%

$4,815-31.9%

$2,846+15.3%

Participant deferral / active EE

$10,833

$7,711+40.5%

$7,447+45.5%

$4,805+125.4%

Admin fee / account holder

$1,910

$119+1506.6%

$10,005-80.9%

$133+1340.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: PUTNAM INVESTMENTS

Service code 64

ONE POST OFFICE SQUARE · BOSTON, MA 02109

Recordkeeping Fees

$161,112

CBIZ RETIREMENT PLAN SERVICES3+ years

Filed as: CBIZ INVESTMENT ADVISORY SERVICES

Service code 27

6050 OAK TREE BLVD S, STE 500 · CLEVELAND, OH 44131

Advisory (Plan)

$67,320

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: MHM RETIREMENT PLAN SOLUTIONS

Service code 13

700 W 47TH STREET, SUITE 1100 · KANSAS CITY, MO 64112

Contract Administrator

$58,293

MARKSNELSON LLC3+ years

Service code 10

1310 E 104TH STREET STE 300 · KANSAS CITY, MO 64131

Accounting

$16,250

LEXAURUM ADVISORS LLC2 years

Service code 71

16010 METCALF AVE, STE 101 · OVERLAND PARK, KS 66085

Brokerage Fees

$5,728

CRB GROUP, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CRB GROUP, 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