Retirement plan

CBERA PLAN A

Name: COOPERATIVE BANKS EMPLOYEES RETIREMENT ASSOCIATION - CBERA PLAN A (2025) Form 5500
Creator: COOPERATIVE BANKS EMPLOYEES RETIREMENT ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CBERA PLAN A, COOPERATIVE BANKS EMPLOYEES RETIREMENT ASSOCIATION

COOPERATIVE BANKS EMPLOYEES RETIREMENT ASSOCIATIONEIN 04-6035593Plan #333PY 2025

100 RIVER RIDGE DRIVE, STE 102 - NORWOOD, MA 02062781-551-8500LinkedIn1001-5000 employeesbanking

Prospect flagsLow returnsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed March 26, 2012

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$888.2M

+9.2% from 2024

Total participants

5,092

+1.1% from 2024

Average account balance

$187,470

+13.5% from 2024

Annual return

12.59%

-1.17 pp from 2024

Benchmarks

See 204 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort204 peers

Snapshot2025

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$888.23M

Not enough data

1 years with asset history on file

Average account balance

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

$187K

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.

4,738

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$348

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 6 by compensation

Provider	Service type	Compensation
CBERA3 years Service code 14 100 RIVER RIDGE DRIVE · NORWOOD, MA 02062	Plan Administrator	$680,000
T ROWE PRICE RPS INC3 years Service code 15 1307 POINT STREET · BALTIMORE, MD 21231	Recordkeeping	$213,402
NEPC, LLC11+ years Service code 27 PO BOX 4110 · WOBURN, MA 01888	Advisory (Plan)	$90,000
WOLF & COMPANY, P.C.11+ years Service code 10 99 HIGH STREET · BOSTON, MA 02110	Accounting	$59,800
THE BANK OF NEW YORK MELLON1 year Filed as: BNY MELLON Service code 18 PO BOX 392006 · PITTSBURGH, PA 15251	Direct payment from the plan; Custodi...	$5,831
CHARLES SCHWAB & CO., INC.3 years Service code 33 · EIN 94-1737782	Direct payment from the plan; Securit...	$980

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T2X

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$557 / participant

Recordkeeping$211K12.8%
Trustee / custodial$4K0.2%
Investment mgmt$90K5.5%
Legal$2K0.1%
Other trustee fees$713K43.2%
Contract admin$570K34.6%
Other / not subdivided$60K3.6%

% of EOY assets

0.186%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WOLF & COMPANY, P.C.
Auditor EIN: 042689883
Audit fees: $59,800
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,470

$160,882+16.5%

$200,582-6.5%

$102,872+82.2%

Participation rate

88.0%

91.2%-3.1pp

86.9%+1.2pp

73.0%+15.0pp

Annual return

12.59%

18.15%-5.6pp

42.33%-29.7pp

19.06%-6.5pp

Employer contribution / active EE

$5,013

$5,602-10.5%

$6,419-21.9%

$3,526+42.2%

Participant deferral / active EE

$8,548

$9,300-8.1%

$9,331-8.4%

$5,535+54.4%

Admin fee / account holder

$348

$125+179.0%

$16,305-97.9%

$292+19.1%

Provider

Service type

Compensation

CBERA3 years

Service code 14

100 RIVER RIDGE DRIVE · NORWOOD, MA 02062

Plan Administrator

$680,000

T ROWE PRICE RPS INC3 years

Service code 15

1307 POINT STREET · BALTIMORE, MD 21231

Recordkeeping

$213,402

NEPC, LLC11+ years

Service code 27

PO BOX 4110 · WOBURN, MA 01888

Advisory (Plan)

$90,000

WOLF & COMPANY, P.C.11+ years

Service code 10

99 HIGH STREET · BOSTON, MA 02110

Accounting

$59,800

THE BANK OF NEW YORK MELLON1 year

Filed as: BNY MELLON

Service code 18

PO BOX 392006 · PITTSBURGH, PA 15251

Direct payment from the plan; Custodi...

$5,831

CHARLES SCHWAB & CO., INC.3 years

Service code 33 · EIN 94-1737782

Direct payment from the plan; Securit...

$980

CBERA PLAN A

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CBERA PLAN A

Top hat statement on fileNQDC

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