Retirement plan

COIT SERVICES, INC. EMPLOYEE SAVINGS & RETIREMENT PLAN

Name: COIT SERVICES, INC. - COIT SERVICES, INC. EMPLOYEE SAVINGS & RETIREMENT PLAN (2024) Form 5500
Creator: COIT SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COIT SERVICES, INC. EMPLOYEE SAVINGS & RETIREMENT PLAN, COIT SERVICES, INC.

COIT SERVICES, INC.EIN 94-1635764Plan #001PY 2024

897 HINCKLEY ROAD - BURLINGAME, CA 94010800-243-8797

Prospect flagsHigh feesLow participationLow employer contribution

Top hat statement on fileNQDC

Filed January 6, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$12.5M

+11.2% from 2023

Total participants

298

-15.6% from 2023

Average account balance

$60,383

+50.4% from 2023

Annual return

13.66%

-1.55 pp from 2023

Benchmarks

See 2,053 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,053 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.50M

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.

207

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.

55.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$617K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$403

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 · EIN 06-1050034 8515 E. ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$47,029
HICKS PENSION SERVICES10+ years Filed as: HICKS PENSION SERVICES, INC. Service code 13 · EIN 94-2158860 3459 W. SHAW AVENUE · FRESNO, CA 93711	Contract Administrator	$23,046
KESTRA INVESTMENT SERVICES LLC7 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 22 · EIN 35-2552359 5707 SWST PRKWY BLDG 2 · AUSTIN, TX 78735	Insurance Broker	$20,838
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ CPAS P.C. Service code 10 · EIN 43-1947695 1 MONTGOMERY ST., SUITE 1700 · SAN FRANCISCO, CA 94104	Accounting	$9,265
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 · EIN 84-0467907 8515 E. ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$614

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$84K

$407 / participant

Recordkeeping$42K50.3%
Investment mgmt$21K25.0%
Contract admin$11K13.6%
Other / not subdivided$9K11.1%

% of EOY assets

0.668%

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: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: $9,265
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,383

$60,454-0.1%

$81,844-26.2%

$74,459-18.9%

Participation rate

55.6%

63.0%-7.3pp

72.4%-16.8pp

67.2%-11.6pp

Annual return

13.66%

16.87%-3.2pp

778.87%-765.2pp

1369.70%-1356.0pp

Employer contribution / active EE

$214

$2,630-91.9%

$2,916-92.7%

$2,626-91.9%

Participant deferral / active EE

$2,794

$3,398-17.8%

$4,323-35.4%

$4,350-35.8%

Admin fee / account holder

$403

$1,490-72.9%

$7,355-94.5%

$1,945-79.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64 · EIN 06-1050034

8515 E. ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$47,029

HICKS PENSION SERVICES10+ years

Filed as: HICKS PENSION SERVICES, INC.

Service code 13 · EIN 94-2158860

3459 W. SHAW AVENUE · FRESNO, CA 93711

Contract Administrator

$23,046

KESTRA INVESTMENT SERVICES LLC7 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 22 · EIN 35-2552359

5707 SWST PRKWY BLDG 2 · AUSTIN, TX 78735

Insurance Broker

$20,838

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ CPAS P.C.

Service code 10 · EIN 43-1947695

1 MONTGOMERY ST., SUITE 1700 · SAN FRANCISCO, CA 94104

Accounting

$9,265

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28 · EIN 84-0467907

8515 E. ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$614

COIT SERVICES, INC. EMPLOYEE SAVINGS & RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COIT SERVICES, INC. EMPLOYEE SAVINGS & RETIREMENT PLAN

Top hat statement on fileNQDC

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