Retirement plan

COMMUNITY TEAMWORK, INC. RETIREMENT PLAN

Name: COMMUNITY TEAMWORK INC. - COMMUNITY TEAMWORK, INC. RETIREMENT PLAN (2024) Form 5500
Creator: COMMUNITY TEAMWORK INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY TEAMWORK, INC. RETIREMENT PLAN, COMMUNITY TEAMWORK INC.

COMMUNITY TEAMWORK INC.EIN 04-2382027Plan #003PY 2024

155 MERRIMACK ST. - LOWELL, MA 01852978-654-5670comteam.orgLinkedIn11-50 employeesindividual & family services

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$37.2M

+20.3% from 2023

Total participants

931

+7.6% from 2023

Average account balance

$41,188

+12.1% from 2023

Annual return

14.68%

-2.41 pp from 2023

Benchmarks

See 4,134 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,134 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.19M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

903

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.

95.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$38

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 2 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK10+ years Service code 27 · EIN 04-2675571	Advisory (Plan)	$48,000
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	-$14,082

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$34K

$51 / participant

Investment mgmt$48K141.5%

% of EOY assets

0.091%

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: ANSTISS & CO.,P.C.
Auditor EIN: 042917204
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,188

$50,820-19.0%

$155,567-73.5%

$77,671-47.0%

Participation rate

95.8%

63.1%+32.6pp

78.2%+17.6pp

70.6%+25.2pp

Annual return

14.68%

34.85%-20.2pp

64.74%-50.1pp

31.21%-16.5pp

Employer contribution / active EE

$2,065

$1,993+3.6%

$4,674-55.8%

$2,726-24.3%

Participant deferral / active EE

$2,467

$2,823-12.6%

$5,628-56.2%

$4,648-46.9%

Admin fee / account holder

$38

$436-91.4%

$15,916-99.8%

$430-91.3%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK10+ years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$48,000

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$14,082

COMMUNITY TEAMWORK, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY TEAMWORK, INC. RETIREMENT 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