Retirement plan

CLEAN AIR TASK FORCE SAFE HARBOR 401(K) PLAN

Name: CLEAN AIR TASK FORCE - CLEAN AIR TASK FORCE SAFE HARBOR 401(K) PLAN (2024) Form 5500
Creator: CLEAN AIR TASK FORCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEAN AIR TASK FORCE SAFE HARBOR 401(K) PLAN, CLEAN AIR TASK FORCE

CLEAN AIR TASK FORCEEIN 04-3512550Plan #001PY 2024

114 STATE STREET, 6TH FLOOR - BOSTON, MA 02109617-624-0234catf.usLinkedIn51-200 employeespublic policy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.5M

+11.0% from 2023

Total participants

131

-14.4% from 2023

Average account balance

$99,774

+27.9% from 2023

Annual return

18.92%

-2.87 pp from 2023

Benchmarks

See 28,860 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,860 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.47M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

125

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+18.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$439

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
RAYMOND JAMES FINANCIAL SERVICES1 year Service code 27 880 CARILON PARKWAY · ST PETERSBURG, FL 33716	Advisory (Plan)	$54,809
PENSION ASSURANCE LLP1 year Filed as: THE PENSION SERVICE INC Service code 13 127 WASHINGTON AVE · NORTH HAVEN, CT 06473	Contract Administrator	$6,200
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$1,075

Plan features & details

Pension benefit codes2F2G2J2K3D

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$55K

$646 / participant

Contract admin$55K100.0%

% of EOY assets

0.440%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANSTISS & CO., P.C.
Auditor EIN: 042917204
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,774

$102,385-2.6%

$147,080-32.2%

$80,935+23.3%

Participation rate

92.9%

75.9%+17.1pp

82.2%+10.8pp

67.7%+25.3pp

Annual return

18.92%

135.09%-116.2pp

420.17%-401.2pp

35.66%-16.7pp

Employer contribution / active EE

$7,058

$3,717+89.9%

$4,933+43.1%

$2,757+156.0%

Participant deferral / active EE

$13,838

$6,651+108.1%

$8,066+71.5%

$4,299+221.8%

Admin fee / account holder

$439

$7,951-94.5%

$12,989-96.6%

$6,924-93.7%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Service code 27

880 CARILON PARKWAY · ST PETERSBURG, FL 33716

Advisory (Plan)

$54,809

PENSION ASSURANCE LLP1 year

Filed as: THE PENSION SERVICE INC

Service code 13

127 WASHINGTON AVE · NORTH HAVEN, CT 06473

Contract Administrator

$6,200

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$1,075

CLEAN AIR TASK FORCE SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEAN AIR TASK FORCE SAFE HARBOR 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