Retirement plan

CANDLEWICK PRESS 401(K) PLAN

Name: CANDLEWICK PRESS, INC. - CANDLEWICK PRESS 401(K) PLAN (2023) Form 5500
Creator: CANDLEWICK PRESS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CANDLEWICK PRESS 401(K) PLAN, CANDLEWICK PRESS, INC.

CANDLEWICK PRESS, INC.EIN 04-3113974Plan #002PY 2023

99 DOVER STREET - SOMERVILLE, MA 02144617-661-3330candlewick.comLinkedIn51-200 employeespublishing

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$23.9M

+19.3% from 2022

Total participants

162

-1.8% from 2022

Average account balance

$156,314

+17.0% from 2022

Annual return

17.59%

+35.58 pp from 2022

Benchmarks

See 1,940 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,940 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.74M

Not enough data

1 years with asset history on file

Average account balance

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

$150K

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.

152

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.

91.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$954K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$585

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 3 by compensation

Provider	Service type	Compensation
SENTINEL PENSION ADVISORS6 years Service code 26 · EIN 04-3422848	Advisory (Participants)	$54,141
JOHN HANCOCK LIFE INSURANCE COMPANY7 years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$43,503
SENTINEL PENSION ADVISORS7 years Filed as: SENTINEL BENEFITS GROUP, INC. Service code 15 · EIN 04-3015875	Recordkeeping	$1,530

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$99K

$793 / participant

Recordkeeping$2K1.5%
Investment mgmt$54K54.6%
Contract admin$44K43.9%

% of EOY assets

0.415%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$156,314

$71,523+118.5%

$98,461+58.8%

$71,511+118.6%

Participation rate

92.8%

72.7%+20.1pp

75.2%+17.6pp

67.9%+24.9pp

Annual return

17.59%

32.43%-14.8pp

21.17%-3.6pp

28.86%-11.3pp

Employer contribution / active EE

$1,670

$2,399-30.4%

$3,049-45.2%

$2,589-35.5%

Participant deferral / active EE

$8,935

$4,109+117.5%

$4,738+88.6%

$4,291+108.2%

Admin fee / account holder

$648

$1,676-61.3%

$8,961-92.8%

$1,588-59.2%

Provider

Service type

Compensation

SENTINEL PENSION ADVISORS6 years

Service code 26 · EIN 04-3422848

Advisory (Participants)

$54,141

JOHN HANCOCK LIFE INSURANCE COMPANY7 years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$43,503

SENTINEL PENSION ADVISORS7 years

Filed as: SENTINEL BENEFITS GROUP, INC.

Service code 15 · EIN 04-3015875

Recordkeeping

$1,530

CANDLEWICK PRESS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CANDLEWICK PRESS 401(K) 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