Retirement plan

CUBIC CORPORATION 401(K) RETIREMENT PLAN

Name: CUBIC CORPORATION - CUBIC CORPORATION 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: CUBIC CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUBIC CORPORATION 401(K) RETIREMENT PLAN, CUBIC CORPORATION

CUBIC CORPORATIONEIN 95-1678055Plan #001PY 2022

9333 BALBOA AVENUE - SAN DIEGO, CA 921231515858-277-6780cubic.comLinkedIn5001-10000 employeesinformation technology and services

Other plans on this EIN

1 filing

#002Retirement-$77.7M assets

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 24, 2008

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)

$545.9M

No prior year

Total participants

3,290

No prior year

Average account balance

$165,927

No prior year

Annual return

-15.41%

+97.53 pp from 2016

Benchmarks

See 811 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort811 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$634.20M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

4,201

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$32.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+22.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$176

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 8 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND3 years Filed as: PRUDENTIAL INSURANCE COMPANY OF AME Service code 13 · EIN 22-1211670	Contract Administrator	$300,206
PRIAC1 year Service code 13 · EIN 06-1050034	Contract Administrator	$117,794
BFSG LLC1 year Service code 27 · EIN 20-8161914	Advisory (Plan)	$45,000
MAYER HOFFMAN MCCANN P.C.3 years Filed as: MAYER HOFFMAN MCCANN PC Service code 10 · EIN 43-1947695	Accounting	$42,000
MPS COMMUNICATIONS3 years Service code 49 · EIN 23-2808737	Other Services	$21,384
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS INC Service code 49 · EIN 43-1451524	Other Services	$18,000
BENEFIT FUNDING SERVICES GROUP5 years Service code 27 · EIN 20-8532658	Advisory (Plan)	$15,000
PILLSBURY WINTHROP SHAW PITTMAN LLP6 years Service code 10 · EIN 94-1311126	Accounting	$14,817

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H2R

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$494 / participant

Other / not subdivided$1M100.0%

% of EOY assets

0.217%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAYER HOFFMAN MCCAN, P.C
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$165,927

$130,052+27.6%

$86,717+91.3%

$77,906+113.0%

Participation rate

100.0%

85.9%+14.1pp

76.6%+23.4pp

73.7%+26.3pp

Annual return

-15.41%

-12.73%-2.7pp

35.97%-51.4pp

12.16%-27.6pp

Employer contribution / active EE

$4,673

$3,214+45.4%

$2,837+64.7%

$2,846+64.2%

Participant deferral / active EE

$10,795

$5,741+88.0%

$4,657+131.8%

$4,805+124.6%

Admin fee / account holder

$360

$132+172.8%

$7,494-95.2%

$133+171.3%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND3 years

Filed as: PRUDENTIAL INSURANCE COMPANY OF AME

Service code 13 · EIN 22-1211670

Contract Administrator

$300,206

PRIAC1 year

Service code 13 · EIN 06-1050034

Contract Administrator

$117,794

BFSG LLC1 year

Service code 27 · EIN 20-8161914

Advisory (Plan)

$45,000

MAYER HOFFMAN MCCANN P.C.3 years

Filed as: MAYER HOFFMAN MCCANN PC

Service code 10 · EIN 43-1947695

Accounting

$42,000

MPS COMMUNICATIONS3 years

Service code 49 · EIN 23-2808737

Other Services

$21,384

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS INC

Service code 49 · EIN 43-1451524

Other Services

$18,000

BENEFIT FUNDING SERVICES GROUP5 years

Service code 27 · EIN 20-8532658

Advisory (Plan)

$15,000

PILLSBURY WINTHROP SHAW PITTMAN LLP6 years

Service code 10 · EIN 94-1311126

Accounting

$14,817

CUBIC CORPORATION 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUBIC CORPORATION 401(K) 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