Retirement plan

COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC. RETIREMENT PLAN

Name: COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC. - COMMUNITY SERVICES & EMPLOYMENT TRAINING, INC. RETIREMENT PLAN (2023) 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 2023

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

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.8M

+16.8% from 2022

Total participants

289

+11.2% from 2022

Average account balance

$27,040

+5.1% from 2022

Annual return

11.45%

+26.67 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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 4 by compensation

Provider	Service type	Compensation
LPL FINANCIAL7 years Service code 27 PO BOX 502533 · SAN DEIGO, CA 92150	Advisory (Plan)	$35,331
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$22,123
NEXUS ADMINISTRATORS, INC.1 year Filed as: NEXUS ADMINISTRATORS INC. Service code 13 7647 N FRESNO ST, STE 102 · FRESNO, CA 93711	Contract Administrator	$4,500
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,067

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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

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

$64K

$405 / participant

Contract admin$64K100.0%

% of EOY assets

0.820%

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

$27,040

$65,582-58.8%

$64,101-57.8%

$71,511-62.2%

Participation rate

100.0%

73.2%+26.8pp

72.3%+27.7pp

67.9%+32.1pp

Annual return

11.45%

18.96%-7.5pp

33.72%-22.3pp

28.86%-17.4pp

Employer contribution / active EE

$2,828

$2,671+5.9%

$2,749+2.9%

$2,589+9.2%

Participant deferral / active EE

$2,399

$3,628-33.9%

$3,881-38.2%

$4,291-44.1%

Admin fee / account holder

$222

$616-64.0%

$3,070-92.8%

$1,588-86.0%

Provider

Service type

Compensation

LPL FINANCIAL7 years

Service code 27

PO BOX 502533 · SAN DEIGO, CA 92150

Advisory (Plan)

$35,331

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$22,123

NEXUS ADMINISTRATORS, INC.1 year

Filed as: NEXUS ADMINISTRATORS INC.

Service code 13

7647 N FRESNO ST, STE 102 · FRESNO, CA 93711

Contract Administrator

$4,500

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,067

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