Retirement plan

COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC. RETIREMENT PLAN

Name: COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC. - COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC. RETIREMENT PLAN (2020) Form 5500
Creator: COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC. RETIREMENT PLAN, COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC.

COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC.EIN 94-1701352Plan #001PY 2020

312 NW 3RD AVENUE - VISALIA, CA 93291559-732-4194

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.5M

+16.1% from 2019

Total participants

250

+12.6% from 2019

Average account balance

$22,630

+1.7% from 2019

Annual return

6.11%

+0.92 pp from 2019

Benchmarks

See 1,462 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,462 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.65M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

330

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$962K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$238

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 3 by compensation

Provider	Service type	Compensation
LPL FINANCIAL4 years Service code 27 · EIN 04-3046611 PO BOX 502533 · SAN DIEGO, CA 921502533	Advisory (Plan)	$24,684
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 28 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$15,696
ALL VALLEY ADMINISTRATORS, LLC5+ years Service code 15 · EIN 77-0536417 7525 N. CEDARE AVE., SUITE 109 · FRESNO, CA 93720	Recordkeeping	$2,125

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$42K

$202 / participant

Contract admin$42K100.0%

% of EOY assets

0.758%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DRITSAS GROOM MCCORMICK, LLP
Auditor EIN: 942782187
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,630

$65,322-65.4%

$70,494-67.9%

$73,497-69.2%

Participation rate

96.1%

77.0%+19.2pp

75.1%+21.1pp

70.7%+25.4pp

Annual return

6.11%

15.71%-9.6pp

109.16%-103.1pp

28.51%-22.4pp

Employer contribution / active EE

$1,829

$2,460-25.6%

$2,738-33.2%

$2,270-19.4%

Participant deferral / active EE

$1,646

$3,375-51.2%

$3,711-55.7%

$3,740-56.0%

Admin fee / account holder

$172

$214-19.8%

$3,848-95.5%

$513-66.6%

Provider

Service type

Compensation

LPL FINANCIAL4 years

Service code 27 · EIN 04-3046611

PO BOX 502533 · SAN DIEGO, CA 921502533

Advisory (Plan)

$24,684

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 28 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$15,696

ALL VALLEY ADMINISTRATORS, LLC5+ years

Service code 15 · EIN 77-0536417

7525 N. CEDARE AVE., SUITE 109 · FRESNO, CA 93720

Recordkeeping

$2,125

COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC. RETIREMENT 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