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 (2020) 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 2020

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

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$87.2M

+12.1% from 2019

Total participants

171

-1.2% from 2019

Average account balance

$521,945

+16.1% from 2019

Annual return

11.81%

-9.80 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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 11 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$1,550
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA3 years Service code 52 · EIN 56-0906609	Indirect Investment Fees	$0
DODGE & COX3 years Service code 52 · EIN 94-6067274	Indirect Investment Fees	$0
GOLDMAN SACHS3 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
HARRIS3 years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0
JENSEN3 years Service code 52 · EIN 93-1086448	Indirect Investment Fees	$0
LEGG MASON3 years Service code 52 · EIN 95-2705767	Indirect Investment Fees	$0
PIMCO FUNDS3 years Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0
THE HARTFORD3 years Service code 52 · EIN 22-2937447	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G3B2T

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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2K

$12 / participant

Contract admin$2K100.0%

% 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, P.C
Auditor EIN: 060903326
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$521,945

$99,957+422.2%

$149,730+248.6%

$73,493+610.2%

Participation rate

96.9%

75.7%+21.2pp

82.5%+14.4pp

70.7%+26.2pp

Annual return

11.81%

53.87%-42.1pp

276.70%-264.9pp

28.51%-16.7pp

Employer contribution / active EE

$12,802

$3,191+301.2%

$4,645+175.6%

$2,270+463.9%

Participant deferral / active EE

$11,079

$6,073+82.4%

$6,843+61.9%

$3,740+196.3%

Admin fee / account holder

$551-98.3%

$9,310-99.9%

$513-98.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$1,550

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA3 years

Service code 52 · EIN 56-0906609

Indirect Investment Fees

DODGE & COX3 years

Service code 52 · EIN 94-6067274

Indirect Investment Fees

GOLDMAN SACHS3 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

HARRIS3 years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

JENSEN3 years

Service code 52 · EIN 93-1086448

Indirect Investment Fees

LEGG MASON3 years

Service code 52 · EIN 95-2705767

Indirect Investment Fees

PIMCO FUNDS3 years

Service code 52 · EIN 95-2632339

Indirect Investment Fees

THE HARTFORD3 years

Service code 52 · EIN 22-2937447

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