Retirement plan

CONGRESS ASSOCIATES, INC. PROFIT SHARING PLAN

Name: CONGRESS ASSOCIATES, INC. - CONGRESS ASSOCIATES, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: CONGRESS ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONGRESS ASSOCIATES, INC. PROFIT SHARING PLAN, CONGRESS ASSOCIATES, INC.

CONGRESS ASSOCIATES, INC.EIN 95-3926707Plan #002PY 2023

800 S. RAYMOND AVE., SECOND FLOOR - PASADENA, CA 91105626-795-8051

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$25.1M

+23.4% from 2022

Total participants

457

+9.6% from 2022

Average account balance

$55,082

+11.5% from 2022

Annual return

19.43%

+35.73 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.86M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

453

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$400K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$73

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 5 by compensation

Provider	Service type	Compensation
PENSION ASSURANCE LLP2 years Service code 99 · EIN 30-0840934	Other Fees	$10,742
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: THE RAYMOND COMPANY PENSION SERVCIE Service code 99	Other Fees	$3,487
MORNINGSTAR4 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26	Advisory (Participants)	$457
VOYA RETIREMENT INSURANCE & ANNUITY3 years Filed as: VOYA RETIREMENT INSURANCE Service code 27	Advisory (Plan)	$457
VOYA RETIREMENT INSURANCE & ANNUITY4 years Filed as: VOYA RETIREMENT INSURANCE CO Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2A2G2J3D

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).
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$46K

$229 / participant

Recordkeeping$46K100.0%

% of EOY assets

0.185%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,082

$61,356-10.2%

$149,696-63.2%

$71,511-23.0%

Participation rate

99.0%

62.5%+36.5pp

78.8%+20.2pp

67.9%+31.1pp

Annual return

19.43%

35.86%-16.4pp

134.46%-115.0pp

28.86%-9.4pp

Employer contribution / active EE

$4,354

$2,382+82.8%

$4,821-9.7%

$2,589+68.2%

Participant deferral / active EE

$3,293

$2,920+12.8%

$5,682-42.0%

$4,291-23.2%

Admin fee / account holder

$102

$1,263-92.0%

$13,212-99.2%

$1,588-93.6%

Provider

Service type

Compensation

PENSION ASSURANCE LLP2 years

Service code 99 · EIN 30-0840934

Other Fees

$10,742

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: THE RAYMOND COMPANY PENSION SERVCIE

Service code 99

Other Fees

$3,487

MORNINGSTAR4 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26

Advisory (Participants)

$457

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Filed as: VOYA RETIREMENT INSURANCE

Service code 27

Advisory (Plan)

$457

VOYA RETIREMENT INSURANCE & ANNUITY4 years

Filed as: VOYA RETIREMENT INSURANCE CO

Service code 26 · EIN 71-0294708

Advisory (Participants)

CONGRESS ASSOCIATES, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONGRESS ASSOCIATES, INC. PROFIT SHARING 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