Retirement plan

CIT ADMINISTRATIVE SERVICES INC EMPLOYEE STOCK OWNERSHIP AND PROFIT SHARING PLAN

Name: CIT ADMINISTRATIVE SERVICES INC - CIT ADMINISTRATIVE SERVICES INC EMPLOYEE STOCK OWNERSHIP AND PROFIT SHARING PLAN (2024) Form 5500
Creator: CIT ADMINISTRATIVE SERVICES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CIT ADMINISTRATIVE SERVICES INC EMPLOYEE STOCK OWNERSHIP AND PROFIT SHARING PLAN, CIT ADMINISTRATIVE SERVICES INC

CIT ADMINISTRATIVE SERVICES INCEIN 87-3591911Plan #001PY 2024

715 HORIZON DR, STE 350 - GRAND JUNCTION, CO 81506970-245-6255

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$723K

+33.2% from 2023

Total participants

+33.8% from 2023

Average account balance

$7,304

-0.5% from 2023

Annual return

32.96%

-18.98 pp from 2023

Benchmarks

See 34 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Cohort34 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$723K

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11

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

+32.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2O2H3H

Plan features

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$86

$1 / participant

Other / not subdivided$86100.0%

% of EOY assets

0.012%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,304

$36,790-80.1%

$85,187-91.4%

Participation rate

100.0%

47.2%+52.8pp

67.5%+32.5pp

Annual return

32.96%

16.48%+16.5pp

66.67%-33.7pp

Employer contribution / active EE

$11

$1,404-99.2%

$2,732-99.6%

Participant deferral / active EE

$2,003-100.0%

$4,525-100.0%

Admin fee / account holder

$2,089-100.0%

$6,162-100.0%

CIT ADMINISTRATIVE SERVICES INC EMPLOYEE STOCK OWNERSHIP AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CIT ADMINISTRATIVE SERVICES INC EMPLOYEE STOCK OWNERSHIP AND PROFIT SHARING 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