Retirement plan

CARMODY TORRANCE SANDAK & HENNESSEY LLP EMPLOYEES' PROFIT SHARING PLAN

Name: CARMODY TORRANCE SANDAK & HENNESSEY LLP - CARMODY TORRANCE SANDAK & HENNESSEY LLP EMPLOYEES' PROFIT SHARING PLAN (2018) Form 5500
Creator: CARMODY TORRANCE SANDAK & HENNESSEY LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARMODY TORRANCE SANDAK & HENNESSEY LLP EMPLOYEES' PROFIT SHARING PLAN, CARMODY TORRANCE SANDAK & HENNESSEY LLP

CARMODY TORRANCE SANDAK & HENNESSEY LLPEIN 06-0691344Plan #001PY 2018

50 LEAVENWORTH STREET - WATERBURY, CT 06702203-575-2638carmodylaw.comLinkedIn51-200 employeeslaw practice

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$62.1M

-1.5% from 2017

Total participants

173

-0.6% from 2017

Average account balance

$361,036

-5.0% from 2017

Annual return

-5.16%

-20.20 pp from 2017

Benchmarks

See 5,340 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,340 peers

Snapshot2018

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 10 of 16 by compensation

Provider	Service type	Compensation
THE BANK OF NEW YORK MELLON1 year Filed as: BANK OF AMERICA Service code 52	Indirect Investment Fees	$131,715
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSMUTUAL RETIREMENT SERVICES Service code 15	Recordkeeping	$35,197
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907	Recordkeeping	$940
RELIANCE TRUST COMPANY4+ years Service code 19 · EIN 58-1428634	Securities Custodian	$545
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Service code 52 · EIN 04-1590850	Indirect Investment Fees	$410
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
THE BANK OF NEW YORK MELLON4+ years Filed as: BANK OF AMERICA CORPORATION Service code 52 · EIN 94-1687665	Indirect Investment Fees	$0
COLUMBIA1 year Service code 52 · EIN 56-0906609	Indirect Investment Fees	$0
DODGE & COX1 year Service code 52 · EIN 94-6067274	Indirect Investment Fees	$0
GOLDMAN SACHS1 year Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0

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

$1K

$10 / participant

Contract admin$1K100.0%

% of EOY assets

0.002%

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 PC
Auditor EIN: 060903326
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$361,036

$73,102+393.9%

$123,552+192.2%

$56,287+541.4%

Participation rate

99.3%

74.3%+25.0pp

82.3%+17.0pp

69.9%+29.4pp

Annual return

-5.16%

3.01%-8.2pp

119.20%-124.4pp

-9.96%+4.8pp

Employer contribution / active EE

$10,670

$2,977+258.4%

$4,628+130.6%

$2,111+405.4%

Participant deferral / active EE

$9,554

$5,423+76.2%

$6,426+48.7%

$3,350+185.2%

Admin fee / account holder

$554-98.6%

$9,285-99.9%

$521-98.5%

Provider

Service type

Compensation

THE BANK OF NEW YORK MELLON1 year

Filed as: BANK OF AMERICA

Service code 52

Indirect Investment Fees

$131,715

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSMUTUAL RETIREMENT SERVICES

Service code 15

Recordkeeping

$35,197

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 15 · EIN 26-1589907

Recordkeeping

$940

RELIANCE TRUST COMPANY4+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$545

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$410

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

THE BANK OF NEW YORK MELLON4+ years

Filed as: BANK OF AMERICA CORPORATION

Service code 52 · EIN 94-1687665

Indirect Investment Fees

COLUMBIA1 year

Service code 52 · EIN 56-0906609

Indirect Investment Fees

DODGE & COX1 year

Service code 52 · EIN 94-6067274

Indirect Investment Fees

GOLDMAN SACHS1 year

Service code 52 · EIN 13-4166989

Indirect Investment Fees

CARMODY TORRANCE SANDAK & HENNESSEY LLP EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARMODY TORRANCE SANDAK & HENNESSEY 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