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 (2020) 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 2020

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

Other plans on this EIN

1 filing

#001Retirement-$29.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$20M

+21.4% from 2019

Total participants

101

+16.1% from 2019

Average account balance

$202,307

+3.0% from 2019

Annual return

19.54%

-7.44 pp from 2019

Benchmarks

See 7,209 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,209 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.19M

Not enough data

1 years with asset history on file

Average account balance

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

$167K

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.

205

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.

85.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+24.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$23

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

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

$848K

$10729 / participant

Other / not subdivided$848K100.0%

% of EOY assets

4.232%

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

$202,307

$123,793+63.4%

$177,848+13.8%

$79,856+153.3%

Participation rate

97.5%

84.7%+12.8pp

87.7%+9.8pp

69.6%+27.8pp

Annual return

19.54%

22.82%-3.3pp

48.33%-28.8pp

31.71%-12.2pp

Employer contribution / active EE

$4,095-100.0%

$5,919-100.0%

$2,471-100.0%

Participant deferral / active EE

$14,627

$5,956+145.6%

$7,714+89.6%

$3,741+291.0%

Admin fee / account holder

$8,561

$7,243+18.2%

$12,431-31.1%

$5,306+61.3%

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