Retirement plan

CHICAGO VOLUNTEER LEGAL SERVICES PROFIT SHARING AND 403(B) PLAN AND TRUST

Name: CHICAGO VOLUNTEER LEGAL SERVICES - CHICAGO VOLUNTEER LEGAL SERVICES PROFIT SHARING AND 403(B) PLAN AND TRUST (2020) Form 5500
Creator: CHICAGO VOLUNTEER LEGAL SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHICAGO VOLUNTEER LEGAL SERVICES PROFIT SHARING AND 403(B) PLAN AND TRUST, CHICAGO VOLUNTEER LEGAL SERVICES

CHICAGO VOLUNTEER LEGAL SERVICESEIN 23-7164989Plan #002PY 2020

33 N. DEARBORN, SUITE 400 - CHICAGO, IL 60602312-332-3513cvls.orgLinkedIn11-50 employeeslegal services

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3M

+15.8% from 2019

Total participants

-6.5% from 2019

Average account balance

$115,556

+20.3% from 2019

Annual return

9.60%

+4.94 pp from 2019

Benchmarks

See 120,737 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,737 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.12M

Not enough data

1 years with asset history on file

Average account balance

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

$211K

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.

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.

126.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$314K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+16.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30434

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 codes2E2F2G2M2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$14K

$730 / participant

Other / not subdivided$14K100.0%

% of EOY assets

0.462%

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

$115,556

$165,399-30.1%

$149,745-22.8%

$158,982-27.3%

Participation rate

84.2%

84.6%-0.4pp

82.5%+1.7pp

82.0%+2.2pp

Annual return

9.60%

348.34%-338.7pp

276.72%-267.1pp

302.99%-293.4pp

Employer contribution / active EE

$2,526

$5,105-50.5%

$4,646-45.6%

$4,763-47.0%

Participant deferral / active EE

$6,719

$7,183-6.5%

$6,843-1.8%

$5,983+12.3%

Admin fee / account holder

$534

$10,811-95.1%

$9,312-94.3%

$11,252-95.3%

CHICAGO VOLUNTEER LEGAL SERVICES PROFIT SHARING AND 403(B) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHICAGO VOLUNTEER LEGAL SERVICES PROFIT SHARING AND 403(B) PLAN AND TRUST

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