Retirement plan

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

Name: CHESAPEAKE CNC MANUFACTURING CENTER, INC. - CHESAPEAKE CNC MANUFACTURING CENTER, INC. 401(K) PLAN (2020) 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 2020

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$498K

+22.7% from 2019

Total participants

-13.0% from 2019

Average account balance

$33,214

+55.4% from 2019

Annual return

20.25%

-4.80 pp from 2019

Benchmarks

See 21,449 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,449 peers

Snapshot2020

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

$73K

$3640 / participant

Other / not subdivided$73K100.0%

% of EOY assets

14.612%

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

$33,214

$112,121-70.4%

$95,960-65.4%

$158,966-79.1%

Participation rate

75.0%

79.0%-4.0pp

77.1%-2.1pp

82.0%-7.0pp

Annual return

20.25%

171.16%-150.9pp

91.63%-71.4pp

302.95%-282.7pp

Employer contribution / active EE

$1,757

$3,199-45.1%

$2,541-30.9%

$4,762-63.1%

Participant deferral / active EE

$2,378

$4,784-50.3%

$4,167-42.9%

$5,983-60.2%

Admin fee / account holder

$4,853

$10,135-52.1%

$6,797-28.6%

$11,250-56.9%

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