Retirement plan

CHARLESBANK CAPITAL PARTNERS, LLC PROFIT SHARING/401(K) PLAN

Name: CHARLESBANK CAPITAL PARTNERS, LLC - CHARLESBANK CAPITAL PARTNERS, LLC PROFIT SHARING/401(K) PLAN (2017) Form 5500
Creator: CHARLESBANK CAPITAL PARTNERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLESBANK CAPITAL PARTNERS, LLC PROFIT SHARING/401(K) PLAN, CHARLESBANK CAPITAL PARTNERS, LLC

CHARLESBANK CAPITAL PARTNERS, LLCEIN 04-3419769Plan #002PY 2017

200 CLARENDON STREET, 54TH FLOOR - BOSTON, MA 02116617-619-5480charlesbank.comLinkedIn51-200 employeesfinancial services

Other plans on this EIN

1 filing

#001Retirement-$18.7M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$12.8M

+16.7% from 2016

Total participants

+12.5% from 2016

Average account balance

$206,355

+14.8% from 2016

Annual return

19.52%

+9.09 pp from 2016

Benchmarks

See 7,573 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,573 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.11M

Not enough data

1 years with asset history on file

Average account balance

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

$186K

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.

227

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.

87.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+21.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2R3B3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$1.1M

$19297 / participant

Other / not subdivided$1M100.0%

% of EOY assets

8.296%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$206,355

$100,041+106.3%

$149,718+37.8%

$70,131+194.2%

Participation rate

81.8%

83.6%-1.8pp

87.1%-5.3pp

69.5%+12.3pp

Annual return

19.52%

27.43%-7.9pp

1501.67%-1482.1pp

73.14%-53.6pp

Employer contribution / active EE

$328

$3,662-91.1%

$5,445-94.0%

$2,342-86.0%

Participant deferral / active EE

$13,314

$4,983+167.2%

$6,569+102.7%

$3,332+299.6%

Admin fee / account holder

$17,118

$8,286+106.6%

$11,283+51.7%

$4,645+268.5%

CHARLESBANK CAPITAL PARTNERS, LLC PROFIT SHARING/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLESBANK CAPITAL PARTNERS, LLC PROFIT SHARING/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