Retirement plan

CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC. TSA

Name: CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC. - CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC. TSA (2020) Form 5500
Creator: CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC. TSA, CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC.

CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC.EIN 04-2604427Plan #001PY 2020

78 POMEROY TERRACE - NORTHAMPTON, MA 01060413-584-1310cutchins.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow returnsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.6M

+5.6% from 2019

Total participants

158

-28.8% from 2019

Average account balance

$22,825

+48.4% from 2019

Annual return

5.15%

+1.77 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.64M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

129

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.

41.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$248K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$215

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 10 of 15 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MML INVESTORS SERVICES INC Service code 53	Insurance Commissions	$11,908
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASS MUTUAL LIFE INS COMPANY Service code 52 · EIN 04-1590850	Indirect Investment Fees	$11,237
BEACON POINTE ADVISORS LLC5+ years Filed as: BEACON BENEFITS, INC. Service code 13 · EIN 04-3103297 5 CHERRY HILL DRIVE · DANVERS, MA 01915	Contract Administrator	$1,980
AMERICAN FUNDS3 years Service code 52 · EIN 52-0792143	Indirect Investment Fees	$0
DEAN DORTON ALLEN FORD, PLLC5+ years Filed as: DEAN GODEK Service code 53 300 WHITNEY AVE, SUITE 600 · HOLYOKE, MA 01040	Insurance Commissions	$0
DOMINIC DIPIERO, NEWPORT CAPITAL2 years Filed as: DOMINIC DANIEL DALONI Service code 53 300 WHITNEY AVE, SUITE 600 · HOLYOKE, MA 01040	Insurance Commissions	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY ADVISOR Service code 52 · EIN 04-3335387	Indirect Investment Fees	$0
INVESCO3 years Service code 52 · EIN 84-0933032	Indirect Investment Fees	$0
JANUS HENDERSON3 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 49	Other Services	$0

Plan features & details

Pension benefit codes2F2G2L2M

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$12K

$100 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.344%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WHITTLESEY PC
Auditor EIN: 060903326
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,825

$58,888-61.2%

$178,499-87.2%

$73,493-68.9%

Participation rate

100.0%

66.2%+33.8pp

81.9%+18.1pp

70.7%+29.3pp

Annual return

5.15%

24.86%-19.7pp

151.10%-146.0pp

28.51%-23.4pp

Employer contribution / active EE

$738

$2,236-67.0%

$5,011-85.3%

$2,270-67.5%

Participant deferral / active EE

$691

$2,568-73.1%

$5,202-86.7%

$3,740-81.5%

Admin fee / account holder

$79

$400-80.4%

$13,986-99.4%

$513-84.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MML INVESTORS SERVICES INC

Service code 53

Insurance Commissions

$11,908

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASS MUTUAL LIFE INS COMPANY

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$11,237

BEACON POINTE ADVISORS LLC5+ years

Filed as: BEACON BENEFITS, INC.

Service code 13 · EIN 04-3103297

5 CHERRY HILL DRIVE · DANVERS, MA 01915

Contract Administrator

$1,980

AMERICAN FUNDS3 years

Service code 52 · EIN 52-0792143

Indirect Investment Fees

DEAN DORTON ALLEN FORD, PLLC5+ years

Filed as: DEAN GODEK

Service code 53

300 WHITNEY AVE, SUITE 600 · HOLYOKE, MA 01040

Insurance Commissions

DOMINIC DIPIERO, NEWPORT CAPITAL2 years

Filed as: DOMINIC DANIEL DALONI

Service code 53

300 WHITNEY AVE, SUITE 600 · HOLYOKE, MA 01040

Insurance Commissions

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY ADVISOR

Service code 52 · EIN 04-3335387

Indirect Investment Fees

INVESCO3 years

Service code 52 · EIN 84-0933032

Indirect Investment Fees

JANUS HENDERSON3 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 49

Other Services

CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC. TSA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUTCHINS PROGRAMS FOR CHILDREN AND FAMILIES, INC. TSA

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