Retirement plan

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

Name: CHARM SCIENCES, INC. - CHARM SCIENCES, INC. 401(K) PROFIT SHARING PLAN & (2019) 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 &, CHARM SCIENCES, INC.

CHARM SCIENCES, INC.EIN 04-2635968Plan #002PY 2019

659 ANDOVER STREET - LAWRENCE, MA 01843978-687-9200charm.comLinkedIn201-500 employeesbiotechnology

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$27.2M

+27.5% from 2018

Total participants

352

+5.7% from 2018

Average account balance

$78,470

+20.2% from 2018

Annual return

21.65%

+26.61 pp from 2018

Benchmarks

See 2,415 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,415 peers

Snapshot2019

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 10 of 11 by compensation

Provider	Service type	Compensation
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS, INC. Service code 27 · EIN 43-1451524	Advisory (Plan)	$24,687
INDEPENDENT FINANCIAL PARTNERS3 years Service code 27 · EIN 59-3331424	Advisory (Plan)	$17,193
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 49 · EIN 04-1590850	Other Services	$6,950
ALGER2 years Service code 52 · EIN 13-2665689	Indirect Investment Fees	$0
BLACKROCK2 years Service code 52 · EIN 13-3806694	Indirect Investment Fees	$0
THE BANK OF NEW YORK MELLON1 year Filed as: BNY MELLON Service code 52 · EIN 13-4024319	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 84-0933032	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT2 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
THE HARTFORD2 years Service code 52 · EIN 22-2937447	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G3D2S2T

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

$49K

$155 / participant

Investment mgmt$42K85.8%
Contract admin$6K11.9%
Other / not subdivided$1K2.4%

% of EOY assets

0.179%

all-in expense ratio

Categories reported

2 / 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: AAFCPAS INC
Auditor EIN: 042571780
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,470

$73,404+6.9%

$87,103-9.9%

$67,582+16.1%

Participation rate

98.4%

80.9%+17.6pp

76.9%+21.5pp

71.3%+27.1pp

Annual return

21.65%

48.29%-26.6pp

28.19%-6.5pp

378.57%-356.9pp

Employer contribution / active EE

$2,066

$2,014+2.6%

$2,521-18.1%

$2,148-3.8%

Participant deferral / active EE

$4,191

$3,913+7.1%

$4,049+3.5%

$3,539+18.4%

Admin fee / account holder

$141

$142-0.6%

$7,491-98.1%

$142-1.1%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS, INC.

Service code 27 · EIN 43-1451524

Advisory (Plan)

$24,687

INDEPENDENT FINANCIAL PARTNERS3 years

Service code 27 · EIN 59-3331424

Advisory (Plan)

$17,193

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 49 · EIN 04-1590850

Other Services

$6,950

ALGER2 years

Service code 52 · EIN 13-2665689

Indirect Investment Fees

BLACKROCK2 years

Service code 52 · EIN 13-3806694

Indirect Investment Fees

THE BANK OF NEW YORK MELLON1 year

Filed as: BNY MELLON

Service code 52 · EIN 13-4024319

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 84-0933032

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT2 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

THE HARTFORD2 years

Service code 52 · EIN 22-2937447

Indirect Investment Fees

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARM SCIENCES, INC. 401(K) PROFIT SHARING 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