Retirement plan

CREARE 401(K) SAVINGS AND RETIREMENT PLAN AND TRUST

Name: CREARE LLC - CREARE 401(K) SAVINGS AND RETIREMENT PLAN AND TRUST (2023) Form 5500
Creator: CREARE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CREARE 401(K) SAVINGS AND RETIREMENT PLAN AND TRUST, CREARE LLC

CREARE LLCEIN 02-0259551Plan #003PY 2023

16 GREAT HOLLOW ROAD - HANOVER, NH 037553116603-643-3800creare.comLinkedIn51-200 employeesresearch

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$49.6M

+21.5% from 2022

Total participants

260

+4.0% from 2022

Average account balance

$190,829

+16.8% from 2022

Annual return

21.51%

+39.36 pp from 2022

Benchmarks

See 4,137 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,137 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.71M

Not enough data

1 years with asset history on file

Average account balance

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

$205K

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.

282

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$245

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
COMMONWEALTH FINANCIAL NETWORK5 years Filed as: COMMONWEALTH EQUITY SERVICES LLC Service code 27 29 SAWYER RD · WALTHAM, MA 024533483	Advisory (Plan)	$55,536
THIRD PARTY ADMINISTRATORS, INC.8 years Filed as: THIRD PARTY ADMINISTRATORS, INC Service code 13 2 EXECUTIVE PARK DRIVE, SUITE 100 · BEDFORD, NH 031106915	Contract Administrator	$800
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERV Service code 49 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Other Services	$400

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$57K

$299 / participant

Contract admin$57K100.0%

% of EOY assets

0.114%

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: TSS FINANCIAL PARTNERS LLP
Auditor EIN: 991443496
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$190,829

$76,112+150.7%

$96,544+97.7%

$71,529+166.8%

Participation rate

100.0%

74.4%+25.6pp

76.0%+24.0pp

67.9%+32.1pp

Annual return

21.51%

22.80%-1.3pp

25.88%-4.4pp

28.97%-7.5pp

Employer contribution / active EE

$3,279

$2,248+45.9%

$2,966+10.5%

$2,590+26.6%

Participant deferral / active EE

$10,089

$4,217+139.2%

$4,851+108.0%

$4,291+135.1%

Admin fee / account holder

$218

$2,708-91.9%

$8,254-97.4%

$1,588-86.3%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK5 years

Filed as: COMMONWEALTH EQUITY SERVICES LLC

Service code 27

29 SAWYER RD · WALTHAM, MA 024533483

Advisory (Plan)

$55,536

THIRD PARTY ADMINISTRATORS, INC.8 years

Filed as: THIRD PARTY ADMINISTRATORS, INC

Service code 13

2 EXECUTIVE PARK DRIVE, SUITE 100 · BEDFORD, NH 031106915

Contract Administrator

$800

AMERICAN FUNDS5 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERV

Service code 49

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Other Services

$400

CREARE 401(K) SAVINGS AND RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CREARE 401(K) SAVINGS AND RETIREMENT PLAN AND TRUST

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