Retirement plan

CARMODY TORRANCE SANDAK & HENNESSY LLP EMPLOYEES' PROFIT SHARING PLAN

Name: CARMODY TORRANCE SANDAK & HENNESSY LLP - CARMODY TORRANCE SANDAK & HENNESSY LLP EMPLOYEES' PROFIT SHARING PLAN (2015) Form 5500
Creator: CARMODY TORRANCE SANDAK & HENNESSY LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARMODY TORRANCE SANDAK & HENNESSY LLP EMPLOYEES' PROFIT SHARING PLAN, CARMODY TORRANCE SANDAK & HENNESSY LLP

CARMODY TORRANCE SANDAK & HENNESSY LLPEIN 06-0691344Plan #001PY 2015

PO BOX 1110, 50 LEAVENWORTH STREET - WATERBURY, CT 067022112203-575-2638carmodylaw.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$49.1M

No prior year

Total participants

170

No prior year

Average account balance

$302,879

No prior year

Annual return

-0.64%

No prior year

Benchmarks

See 4,662 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort4,662 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$108.52M

Not enough data

1 years with asset history on file

Average account balance

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

$631K

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.

172

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.

93.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+11.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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 4 by compensation

Provider	Service type	Compensation
THE BANK OF NEW YORK MELLON1+ years Filed as: BANK OF AMERICA CORPORATION Service code 52	Indirect Investment Fees	$102,530
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907	Recordkeeping	$1,660
RELIANCE TRUST COMPANY1+ years Service code 19 · EIN 58-1428634	Securities Custodian	$282
THE BANK OF NEW YORK MELLON1+ years Filed as: BANK OF AMERICA, NA Service code 52 · EIN 94-1687665	Indirect Investment Fees	$150

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2K

$13 / participant

Contract admin$2K100.0%

% of EOY assets

0.003%

all-in expense ratio

Categories reported

1 / 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: WHITTLESEY & HADLEY, P.C.
Auditor EIN: 060903326
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$302,879

$70,002+332.7%

$115,038+163.3%

$52,331+478.8%

Participation rate

93.8%

72.1%+21.7pp

81.4%+12.4pp

68.1%+25.7pp

Annual return

-0.64%

4.04%-4.7pp

26.14%-26.8pp

4.54%-5.2pp

Employer contribution / active EE

$10,235

$2,715+277.0%

$4,608+122.1%

$1,882+443.9%

Participant deferral / active EE

$8,890

$4,920+80.7%

$6,026+47.5%

$3,022+194.2%

Admin fee / account holder

$10

$566-98.2%

$8,175-99.9%

$592-98.3%

Provider

Service type

Compensation

THE BANK OF NEW YORK MELLON1+ years

Filed as: BANK OF AMERICA CORPORATION

Service code 52

Indirect Investment Fees

$102,530

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 15 · EIN 26-1589907

Recordkeeping

$1,660

RELIANCE TRUST COMPANY1+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$282

THE BANK OF NEW YORK MELLON1+ years

Filed as: BANK OF AMERICA, NA

Service code 52 · EIN 94-1687665

Indirect Investment Fees

$150

CARMODY TORRANCE SANDAK & HENNESSY LLP EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARMODY TORRANCE SANDAK & HENNESSY LLP EMPLOYEES' PROFIT SHARING 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