Retirement plan

CHATHAM FINANCIAL CORPORATION 401(K) PLAN

Name: CHATHAM FINANCIAL - CHATHAM FINANCIAL CORPORATION 401(K) PLAN (2020) Form 5500
Creator: CHATHAM FINANCIAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHATHAM FINANCIAL CORPORATION 401(K) PLAN, CHATHAM FINANCIAL

CHATHAM FINANCIALEIN 23-2659499Plan #001PY 2020

235 WHITEHORSE LANE - KENNETT SQUARE, PA 19348484-731-0230chathamfinancial.comLinkedIn501-1000 employeesfinancial services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$145.9M

+27.7% from 2019

Total participants

665

+3.3% from 2019

Average account balance

$220,735

+16.3% from 2019

Annual return

20.82%

-5.87 pp from 2019

Benchmarks

See 1,455 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,455 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$234.27M

Not enough data

1 years with asset history on file

Average account balance

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

$251K

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.

935

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+19.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$62

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 3 by compensation

Provider	Service type	Compensation
HIGHTOWER ADVISORS LLC1 year Filed as: HIGHTOWER Service code 31 · EIN 47-1186154	Named fiduciary	$30,000
FIDUCIARY PLAN CONSULTANTS LLC1 year Filed as: FIDUCIARY PLAN CONSULTANTS, LLC Service code 31 · EIN 47-1186155	Named fiduciary	$15,000
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	-$49,232

Plan features & details

Pension benefit codes2E2F2G2J2T3H3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

-$3K

$-6 / participant

Investment mgmt$2K0.0%

% 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$220,735

$111,608+97.8%

$177,827+24.1%

$73,412+200.7%

Participation rate

99.2%

87.9%+11.3pp

87.7%+11.4pp

72.2%+27.0pp

Annual return

20.82%

18.23%+2.6pp

48.32%-27.5pp

59.30%-38.5pp

Employer contribution / active EE

$14,938

$3,796+293.5%

$5,918+152.4%

$2,234+568.8%

Participant deferral / active EE

$10,270

$6,199+65.7%

$7,713+33.1%

$3,806+169.9%

Admin fee / account holder

-$4

$166-102.5%

$12,429-100.0%

$158-102.7%

Provider

Service type

Compensation

HIGHTOWER ADVISORS LLC1 year

Filed as: HIGHTOWER

Service code 31 · EIN 47-1186154

Named fiduciary

$30,000

FIDUCIARY PLAN CONSULTANTS LLC1 year

Filed as: FIDUCIARY PLAN CONSULTANTS, LLC

Service code 31 · EIN 47-1186155

Named fiduciary

$15,000

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$49,232

CHATHAM FINANCIAL CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHATHAM FINANCIAL CORPORATION 401(K) 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