Retirement plan

COMMUNITY TEAMWORK, INC. RETIREMENT PLAN

Name: COMMUNITY TEAMWORK INC. - COMMUNITY TEAMWORK, INC. RETIREMENT PLAN (2023) 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 2023

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$30.9M

+21.7% from 2022

Total participants

865

+8.5% from 2022

Average account balance

$36,728

+13.0% from 2022

Annual return

17.09%

+34.07 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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 NETWORK9+ years Service code 27 · EIN 04-2675571	Advisory (Plan)	$34,703
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	-$1,537

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

$33K

$56 / participant

Investment mgmt$35K104.6%

% of EOY assets

0.107%

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

$36,728

$47,163-22.1%

$149,696-75.5%

$74,460-50.7%

Participation rate

96.1%

63.4%+32.7pp

78.8%+17.3pp

70.7%+25.3pp

Annual return

17.09%

22.75%-5.7pp

134.46%-117.4pp

34.38%-17.3pp

Employer contribution / active EE

$2,158

$1,907+13.2%

$4,821-55.2%

$2,638-18.2%

Participant deferral / active EE

$2,461

$2,730-9.9%

$5,682-56.7%

$4,530-45.7%

Admin fee / account holder

$39

$343-88.5%

$13,212-99.7%

$348-88.7%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK9+ years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$34,703

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$1,537

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