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CORE SERVICES GROUP 401(K) PLAN 401k Plan overview

Plan NameCORE SERVICES GROUP 401(K) PLAN
Plan identification number 001

CORE SERVICES GROUP 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • 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 contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CORE SERVICES GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:CORE SERVICES GROUP, INC.
Employer identification number (EIN):141925944
NAIC Classification:624200

Additional information about CORE SERVICES GROUP, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2005-03-16
Company Identification Number: 3177744
Legal Registered Office Address: CORE SERVICES GROUP, INC.
45 MAIN STREET SUITE 711
BROOKLYN
United States of America (USA)
11201

More information about CORE SERVICES GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CORE SERVICES GROUP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012020-01-01
0012018-01-01ERISA FIDUCIARY SERVICES
0012017-01-01JACK BROWN2018-07-17
0012016-01-01
0012015-01-01

Plan Statistics for CORE SERVICES GROUP 401(K) PLAN

401k plan membership statisitcs for CORE SERVICES GROUP 401(K) PLAN

Measure Date Value
2020: CORE SERVICES GROUP 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01456
Total number of active participants reported on line 7a of the Form 55002020-01-01626
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0112
Total of all active and inactive participants2020-01-01638
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01638
Number of participants with account balances2020-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2018: CORE SERVICES GROUP 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0198
Total number of active participants reported on line 7a of the Form 55002018-01-01126
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-012
Total of all active and inactive participants2018-01-01128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01128
Number of participants with account balances2018-01-0143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010

Financial Data on CORE SERVICES GROUP 401(K) PLAN

Measure Date Value
2021 : CORE SERVICES GROUP 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$177,730
Total income from all sources (including contributions)2021-12-31$593,957
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$48,477
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$27,945
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$419,571
Value of total assets at end of year2021-12-31$1,553,314
Value of total assets at beginning of year2021-12-31$1,185,564
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$20,532
Total interest from all sources2021-12-31$4,705
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$419,571
Assets. Loans (other than to participants) at end of year2021-12-31$111,486
Assets. Loans (other than to participants) at beginning of year2021-12-31$122,030
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$177,730
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$545,480
Value of net assets at end of year (total assets less liabilities)2021-12-31$1,553,314
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$1,007,834
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in pooled separate accounts at end of year2021-12-31$1,378,857
Value of interest in pooled separate accounts at beginning of year2021-12-31$1,005,425
Interest on participant loans2021-12-31$3,918
Interest earned on other investments2021-12-31$787
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$62,971
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$58,109
Net investment gain/loss from pooled separate accounts2021-12-31$169,681
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$27,945
Contract administrator fees2021-12-31$20,532
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31TEMPLETON & COMPANY
Accountancy firm EIN2021-12-31141918990
2018 : CORE SERVICES GROUP 401(K) PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$128,273
Expenses. Total of all expenses incurred2018-12-31$23,579
Benefits paid (including direct rollovers)2018-12-31$18,580
Total plan assets at end of year2018-12-31$483,603
Total plan assets at beginning of year2018-12-31$378,909
Value of fidelity bond covering the plan2018-12-31$0
Total contributions received or receivable from participants2018-12-31$145,597
Expenses. Other expenses not covered elsewhere2018-12-31$4,999
Contributions received from other sources (not participants or employers)2018-12-31$22,882
Other income received2018-12-31$-44,644
Net income (gross income less expenses)2018-12-31$104,694
Net plan assets at end of year (total assets less liabilities)2018-12-31$483,603
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$378,909
Assets. Value of participant loans2018-12-31$47,506
Total contributions received or receivable from employer(s)2018-12-31$4,438
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0

Form 5500 Responses for CORE SERVICES GROUP 401(K) PLAN

2020: CORE SERVICES GROUP 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2018: CORE SERVICES GROUP 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number932413-00702
Policy instance 1
Insurance contract or identification number932413-00702
Number of Individuals Covered445
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $6,623
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $6,623
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerN/A
Insurance broker organization code?3
TRANSAMERICA FINANCIAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 70688 )
Policy contract number932413-00702
Policy instance 1
Insurance contract or identification number932413-00702
Number of Individuals Covered130
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $3,982
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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