Retirement plan

CHARM SCIENCES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: CHARM SCIENCES, INC. - CHARM SCIENCES, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2017) Form 5500
Creator: CHARM SCIENCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARM SCIENCES, INC. 401(K) PROFIT SHARING PLAN AND TRUST, CHARM SCIENCES, INC.

CHARM SCIENCES, INC.EIN 04-2635968Plan #002PY 2017

659 ANDOVER STREET - LAWRENCE, MA 01843978-722-1431charm.comLinkedIn201-500 employeesbiotechnology

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$20.9M

+25.1% from 2016

Total participants

369

+5.7% from 2016

Average account balance

$57,520

+18.9% from 2016

Annual return

17.08%

+10.12 pp from 2016

Benchmarks

See 2,359 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,359 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.32M

Not enough data

1 years with asset history on file

Average account balance

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

$121K

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.

383

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$135

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 4 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL PARTNERS1 year Service code 50 · EIN 59-3331424	Direct Payment	$26,604
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850	Recordkeeping	$1,488
MESIROW FINANCIAL INVESTMENT MANAGE1 year Service code 49	Other Services	$20
MESIROW FINANCIAL INVESTMENT MANAGE3+ years Filed as: MESIROW FINANCIAL INVESTMENT Service code 27 · EIN 36-3429599	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$28K

$102 / participant

Contract admin$28K100.0%

% of EOY assets

0.134%

all-in expense ratio

Categories reported

1 / 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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,520

$69,305-17.0%

$82,312-30.1%

$69,631-17.4%

Participation rate

98.2%

80.3%+17.9pp

76.9%+21.3pp

70.7%+27.5pp

Annual return

17.08%

21.47%-4.4pp

25.88%-8.8pp

27571.02%-27553.9pp

Employer contribution / active EE

$2,026

$1,887+7.4%

$2,428-16.6%

$2,032-0.3%

Participant deferral / active EE

$3,963

$3,568+11.0%

$3,706+6.9%

$3,224+22.9%

Admin fee / account holder

$77

$97-20.6%

$5,608-98.6%

$110-30.1%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL PARTNERS1 year

Service code 50 · EIN 59-3331424

Direct Payment

$26,604

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSMUTUAL LIFE INSURANCE CO.

Service code 15 · EIN 04-1590850

Recordkeeping

$1,488

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Service code 49

Other Services

$20

MESIROW FINANCIAL INVESTMENT MANAGE3+ years

Filed as: MESIROW FINANCIAL INVESTMENT

Service code 27 · EIN 36-3429599

Advisory (Plan)

CHARM SCIENCES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARM SCIENCES, INC. 401(K) PROFIT SHARING 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