Retirement plan

COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC. RETIREMENT PLAN

Name: COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC. - COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC. RETIREMENT PLAN (2022) 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 2022

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.7M

-11.6% from 2021

Total participants

260

-6.5% from 2021

Average account balance

$25,736

-6.2% from 2021

Annual return

-15.22%

-43.05 pp from 2021

Benchmarks

See 1,479 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,479 peers

Snapshot2022

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 FINANCIAL6 years Service code 27 · EIN 04-3046611 PO BOX 502533 · SAN DIEGO, CA 921502533	Advisory (Plan)	$38,056
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Service code 28 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$25,850
NEXUS ADMINISTRATORS, INC.2 years Service code 13 · EIN 77-0586222 735 W. ALLUVIAL AVE., SUITE 101 · FRESNO, CA 93711	Contract Administrator	$2,750

Plan features & details

Pension benefit codes2A2E2J2F2G3D

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.
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

1 tripped

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

$66K

$393 / participant

Contract admin$66K100.0%

% of EOY assets

0.981%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DRITSAS GROOM MCCORMICK, LLP
Auditor EIN: 942778218
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,736

$60,989-57.8%

$60,906-57.7%

$66,938-61.6%

Participation rate

100.0%

74.5%+25.5pp

73.1%+26.9pp

69.8%+30.2pp

Annual return

-15.22%

-9.60%-5.6pp

16.94%-32.2pp

1.58%-16.8pp

Employer contribution / active EE

$2,761

$2,661+3.8%

$2,703+2.1%

$2,545+8.5%

Participant deferral / active EE

$2,346

$3,615-35.1%

$3,814-38.5%

$4,238-44.7%

Admin fee / account holder

$252

$338-25.4%

$3,227-92.2%

$594-57.5%

Provider

Service type

Compensation

LPL FINANCIAL6 years

Service code 27 · EIN 04-3046611

PO BOX 502533 · SAN DIEGO, CA 921502533

Advisory (Plan)

$38,056

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Service code 28 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$25,850

NEXUS ADMINISTRATORS, INC.2 years

Service code 13 · EIN 77-0586222

735 W. ALLUVIAL AVE., SUITE 101 · FRESNO, CA 93711

Contract Administrator

$2,750

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