Retirement plan

BANKCARD SERVICE 401(K) PLAN

Name: CREDIT CARD SERVICES, INC. - BANKCARD SERVICE 401(K) PLAN (2023) Form 5500
Creator: CREDIT CARD SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANKCARD SERVICE 401(K) PLAN, CREDIT CARD SERVICES, INC.

CREDIT CARD SERVICES, INC.EIN 95-4585660Plan #001PY 2023

21281 S. WESTERN AVE. - TORRANCE, CA 90501213-365-1122creditcardsavers.netLinkedIn201-500 employeesfinancial services

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.2M

+39.6% from 2022

Total participants

154

-0.6% from 2022

Average account balance

$36,776

+34.7% from 2022

Annual return

20.82%

+41.21 pp from 2022

Benchmarks

See 6,234 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,234 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.45M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

104

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.

70.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$750K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$313

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
AMERICAN FUNDS1 year Filed as: CATALINA CAPITAL GROUP LLC Service code 27 2790 SKYPARK DR., STE 309 · TORRANCE, CA 90505	Advisory (Plan)	$8,841
THE VANGUARD GROUP, INC.1 year Filed as: THE VANGUARD GROUP INC. Service code 15 · EIN 23-1945930	Recordkeeping	$6,353
ALLIED CONSULTANTS, INC1 year Filed as: ALLIED CONSULTANTS, INC. Service code 50 · EIN 95-4171622 17468 PIPELINE AVE · CHINO HILLS, CA 917090000	Direct Payment	$4,265

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$22K

$198 / participant

Contract admin$22K100.0%

% of EOY assets

0.528%

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: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,776

$91,424-59.8%

$135,942-72.9%

$71,495-48.6%

Participation rate

64.3%

75.7%-11.4pp

81.9%-17.6pp

67.9%-3.6pp

Annual return

20.82%

29.90%-9.1pp

68.28%-47.5pp

28.85%-8.0pp

Employer contribution / active EE

$1,929

$3,704-47.9%

$4,858-60.3%

$2,589-25.5%

Participant deferral / active EE

$3,805

$7,092-46.3%

$7,759-51.0%

$4,291-11.3%

Admin fee / account holder

$194

$1,266-84.7%

$10,764-98.2%

$1,588-87.8%

Provider

Service type

Compensation

AMERICAN FUNDS1 year

Filed as: CATALINA CAPITAL GROUP LLC

Service code 27

2790 SKYPARK DR., STE 309 · TORRANCE, CA 90505

Advisory (Plan)

$8,841

THE VANGUARD GROUP, INC.1 year

Filed as: THE VANGUARD GROUP INC.

Service code 15 · EIN 23-1945930

Recordkeeping

$6,353

ALLIED CONSULTANTS, INC1 year

Filed as: ALLIED CONSULTANTS, INC.

Service code 50 · EIN 95-4171622

17468 PIPELINE AVE · CHINO HILLS, CA 917090000

Direct Payment

$4,265

BANKCARD SERVICE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BANKCARD SERVICE 401(K) 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