Retirement plan

COMMONWEALTH CARE ALLIANCE 403(B) PLAN

Name: COMMONWEALTH CARE ALLIANCE - COMMONWEALTH CARE ALLIANCE 403(B) PLAN (2019) Form 5500
Creator: COMMONWEALTH CARE ALLIANCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMONWEALTH CARE ALLIANCE 403(B) PLAN, COMMONWEALTH CARE ALLIANCE

COMMONWEALTH CARE ALLIANCEEIN 04-3756900Plan #001PY 2019

30 WINTER ST. 11TH FLOOR - BOSTON, MA 02108617-426-0600commonwealthcarealliance.orgLinkedIn1001-5000 employeeshospital & health care

Prospect flagsFailed to provide benefit

Top hat statement on fileNQDC

Filed June 3, 2022

Plan administrator

Plan administrator name— Sign in and upgrade to view

30 Winter Street, 12th Floor

Boston, MA 02108

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Plans declared (1)

The CCA President & CEO Supplemental Executive Retirement Program1 emp

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Total assets (EOY)

$56.1M

+50.8% from 2018

Total participants

1,735

+13.4% from 2018

Average account balance

$33,189

+31.5% from 2018

Annual return

27.45%

+31.01 pp from 2018

Benchmarks

See 1,326 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,326 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+4.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 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
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$68,889
SAGEVIEW ADVISORY GROUP, LLC1 year Service code 16 · EIN 33-0818667	Consulting	$33,750
SAMET & COMPANY PC2 years Filed as: SAMET & COMPANY, PC Service code 10 · EIN 04-3037605	Accounting	$9,750

Plan features & details

Pension benefit codes2E2F2K2L2M2R2T

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).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

1 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$112K

$91 / participant

Other / not subdivided$112K100.0%

% of EOY assets

0.200%

all-in expense ratio

Categories reported

0 / 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: SAMET & COMPANY PC
Auditor EIN: 043027605
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,189

$47,456-30.1%

$172,752-80.8%

$77,775-57.3%

Participation rate

96.3%

66.3%+30.0pp

82.6%+13.6pp

73.2%+23.1pp

Annual return

27.45%

35.57%-8.1pp

802.97%-775.5pp

32.58%-5.1pp

Employer contribution / active EE

$3,728

$1,574+136.8%

$5,144-27.5%

$2,504+48.9%

Participant deferral / active EE

$6,913

$2,560+170.1%

$5,198+33.0%

$3,966+74.3%

Admin fee / account holder

$67

$81-17.7%

$13,955-99.5%

$100-33.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$68,889

SAGEVIEW ADVISORY GROUP, LLC1 year

Service code 16 · EIN 33-0818667

Consulting

$33,750

SAMET & COMPANY PC2 years

Filed as: SAMET & COMPANY, PC

Service code 10 · EIN 04-3037605

Accounting

$9,750

COMMONWEALTH CARE ALLIANCE 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMONWEALTH CARE ALLIANCE 403(B) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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