Retirement plan

THE 401(K) SAVINGS PLAN FOR THE EMPLOYEES OF CREDIT INDUSTRIEL ET COMMERCIAL

Name: CREDIT INDUSTRIEL ET COMMERCIAL - THE 401(K) SAVINGS PLAN FOR THE EMPLOYEES OF CREDIT INDUSTRIEL ET COMMERCIAL (2023) Form 5500
Creator: CREDIT INDUSTRIEL ET COMMERCIAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE 401(K) SAVINGS PLAN FOR THE EMPLOYEES OF CREDIT INDUSTRIEL ET COMMERCIAL, CREDIT INDUSTRIEL ET COMMERCIAL

CREDIT INDUSTRIEL ET COMMERCIALEIN 13-2757199Plan #002PY 2023

520 MADISON AVENUE - NEW YORK, NY 100224213212-715-4400

Other plans on this EIN

1 filing

#001Retirement-$41.0M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$60.8M

+25.7% from 2022

Total participants

135

+5.5% from 2022

Average account balance

$486,010

+22.7% from 2022

Annual return

27.35%

+55.18 pp from 2022

Benchmarks

See 72 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Cohort72 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$70.50M

Not enough data

1 years with asset history on file

Average account balance

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

$560K

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.

126

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.

89.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+19.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$578

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 1 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS4 years Filed as: NEWPORT CAPITAL GROUP Service code 16 12 BROAD STREET · RED BANK, NJ 07701	Consulting	$44,565

Plan features & details

Pension benefit codes2E2F2J2K3D

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).
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.
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

2 tripped

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

$45K

$452 / participant

Contract admin$45K100.0%

% of EOY assets

0.074%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$486,010

$458,960+5.9%

$170,028+185.8%

Participation rate

89.9%

84.2%+5.7pp

87.0%+2.9pp

Annual return

27.35%

12.18%+15.2pp

53.39%-26.0pp

Employer contribution / active EE

$4,803

$4,293+11.9%

$6,788-29.2%

Participant deferral / active EE

$16,271

$7,668+112.2%

$10,409+56.3%

Admin fee / account holder

$358

$63,551-99.4%

$12,820-97.2%

Provider

Service type

Compensation

AMERICAN FUNDS4 years

Filed as: NEWPORT CAPITAL GROUP

Service code 16

12 BROAD STREET · RED BANK, NJ 07701

Consulting

$44,565

THE 401(K) SAVINGS PLAN FOR THE EMPLOYEES OF CREDIT INDUSTRIEL ET COMMERCIAL

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE 401(K) SAVINGS PLAN FOR THE EMPLOYEES OF CREDIT INDUSTRIEL ET COMMERCIAL

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