Retirement plan

CHESAPEAKE CNC MANUFACTURING CENTER, INC. 401(K) PLAN

Name: CHESAPEAKE CNC MANUFACTURING CENTER, INC. - CHESAPEAKE CNC MANUFACTURING CENTER, INC. 401(K) PLAN (2019) Form 5500
Creator: CHESAPEAKE CNC MANUFACTURING CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHESAPEAKE CNC MANUFACTURING CENTER, INC. 401(K) PLAN, CHESAPEAKE CNC MANUFACTURING CENTER, INC.

CHESAPEAKE CNC MANUFACTURING CENTER, INC.EIN 04-3766648Plan #001PY 2019

25498 MARY MORRIS ROAD - CHESTERTOWN, MD 21620410-778-2233chesapeakecnc.comLinkedIn1-10 employeesconsumer goods

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$406K

+50.9% from 2018

Total participants

-11.5% from 2018

Average account balance

$21,372

+50.9% from 2018

Annual return

25.05%

+32.49 pp from 2018

Benchmarks

See 21,381 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,381 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$729K

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$55K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3683

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

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 codes2E2F2J2T3D

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).
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

$19K

$878 / participant

Other / not subdivided$19K100.0%

% of EOY assets

4.754%

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

$21,372

$103,387-79.3%

$87,102-75.5%

$152,885-86.0%

Participation rate

81.8%

79.4%+2.5pp

76.9%+4.9pp

82.5%-0.6pp

Annual return

25.05%

28.10%-3.0pp

28.19%-3.1pp

345.39%-320.3pp

Employer contribution / active EE

$1,663

$3,221-48.4%

$2,521-34.0%

$4,763-65.1%

Participant deferral / active EE

$2,375

$4,778-50.3%

$4,048-41.3%

$5,851-59.4%

Admin fee / account holder

$1,016

$12,193-91.7%

$7,491-86.4%

$11,598-91.2%

CHESAPEAKE CNC MANUFACTURING CENTER, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHESAPEAKE CNC MANUFACTURING CENTER, INC. 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