Retirement plan

COMMUNITY, WORK, AND INDEPENDENCE, INC. RETIREMENT PLAN

Name: COMMUNITY, WORK AND INDEPENDENCE, INC. - COMMUNITY, WORK, AND INDEPENDENCE, INC. RETIREMENT PLAN (2023) Form 5500
Creator: COMMUNITY, WORK AND INDEPENDENCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNITY, WORK, AND INDEPENDENCE, INC. RETIREMENT PLAN, COMMUNITY, WORK AND INDEPENDENCE, INC.

COMMUNITY, WORK AND INDEPENDENCE, INC.EIN 14-1470091Plan #002PY 2023

PO BOX 303 - GLENS FALLS, NY 12801518-793-4700LinkedIn501-1000 employeesmedical practice

Other plans on this EIN

1 filing

#003Retirement-$4.0M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.8M

+15.5% from 2022

Total participants

282

-6.3% from 2022

Average account balance

$27,586

+15.5% from 2022

Annual return

21.24%

+41.64 pp from 2022

Benchmarks

See 1,917 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,917 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.28M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

269

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.

65.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$149K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$793

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

+18.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$72

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 2 by compensation

Provider	Service type	Compensation
GLENS FALLS NATIONAL BANK AND TRUST9+ years Service code 15 · EIN 14-0696635	Recordkeeping	$16,273
CHARLES SCHWAB & CO., INC.1 year Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2C2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$16K

$121 / participant

Recordkeeping$7K45.8%
Trustee / custodial$9K54.2%

% of EOY assets

0.209%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BONADIO & CO., LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,586

$58,312-52.7%

$86,656-68.2%

$71,529-61.4%

Participation rate

100.0%

65.0%+35.0pp

71.7%+28.3pp

67.9%+32.1pp

Annual return

21.24%

24.08%-2.8pp

593.09%-571.9pp

28.97%-7.7pp

Employer contribution / active EE

$999

$2,576-61.2%

$3,025-67.0%

$2,590-61.4%

Participant deferral / active EE

$3,439-100.0%

$4,439-100.0%

$4,291-100.0%

Admin fee / account holder

$58

$1,057-94.5%

$5,619-99.0%

$1,588-96.4%

Provider

Service type

Compensation

GLENS FALLS NATIONAL BANK AND TRUST9+ years

Service code 15 · EIN 14-0696635

Recordkeeping

$16,273

CHARLES SCHWAB & CO., INC.1 year

Service code 59 · EIN 94-1737782

Shareholder Servicing

COMMUNITY, WORK, AND INDEPENDENCE, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNITY, WORK, AND INDEPENDENCE, INC. 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