Retirement plan

THE COMMONWEALTH FUND RETIREMENT PLAN

Name: THE COMMONWEALTH FUND - THE COMMONWEALTH FUND RETIREMENT PLAN (2020) Form 5500
Creator: THE COMMONWEALTH FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE COMMONWEALTH FUND RETIREMENT PLAN, THE COMMONWEALTH FUND

THE COMMONWEALTH FUNDEIN 13-1635260Plan #001PY 2020

ONE EAST 75TH STREET - NEW YORK, NY 10021212-606-3834commonwealthfund.orgLinkedIn11-50 employeesphilanthropy

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$37.4M

+36.9% from 2017

Total participants

106

-0.9% from 2017

Average account balance

$812,117

+441.8% from 2017

Annual return

13.98%

-1.17 pp from 2017

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.32M

Not enough data

1 years with asset history on file

Average account balance

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

$453K

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.

100

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.

175.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+15.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18804

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 codes2G2L3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$15545 / participant

Other / not subdivided$2M100.0%

% of EOY assets

4.411%

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

$812,117

$66,124+1128.2%

$90,440+798.0%

$73,493+1005.0%

Participation rate

43.4%

69.7%-26.3pp

72.7%-29.3pp

70.7%-27.3pp

Annual return

13.98%

17.65%-3.7pp

1294.38%-1280.4pp

28.51%-14.5pp

Employer contribution / active EE

$11,300

$2,346+381.6%

$3,263+246.3%

$2,270+397.8%

Participant deferral / active EE

$1,682

$3,039-44.6%

$3,964-57.6%

$3,740-55.0%

Admin fee / account holder

$35,822

$396+8941.1%

$5,615+538.0%

$513+6881.6%

THE COMMONWEALTH FUND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE COMMONWEALTH FUND RETIREMENT 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