Retirement plan

CAMBRIDGE MOBILE TELEMATICS 401(K) PLAN

Name: CAMBRIDGE MOBILE TELEMATICS, INC. - CAMBRIDGE MOBILE TELEMATICS 401(K) PLAN (2024) Form 5500
Creator: CAMBRIDGE MOBILE TELEMATICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAMBRIDGE MOBILE TELEMATICS 401(K) PLAN, CAMBRIDGE MOBILE TELEMATICS, INC.

CAMBRIDGE MOBILE TELEMATICS, INC.EIN 27-1188433Plan #001PY 2024

314 MAIN STREET, SUITE 1200 - CAMBRIDGE, MA 02142617-294-6576cmtelematics.comLinkedIn201-500 employeescomputer software

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$44.4M

+29.0% from 2023

Total participants

455

+4.4% from 2023

Average account balance

$99,920

+24.1% from 2023

Annual return

17.60%

-6.06 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$44.36M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

444

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.02M

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

+17.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$207

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
TWELVE POINTS WEALTH MANAGEMENT LLC5 years Filed as: TWELVE POINTS WEALTH MANAGEMENT Service code 27 · EIN 46-5061538	Advisory (Plan)	$55,718
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 15 · EIN 01-0233334	Recordkeeping	$33,173

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$92K

$283 / participant

Contract admin$89K96.8%
Other / not subdivided$3K3.2%

% of EOY assets

0.207%

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: AAFCPAS, INC.
Auditor EIN: 042571780
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,920

$106,230-5.9%

$147,080-32.1%

$77,736+28.5%

Participation rate

96.6%

78.4%+18.2pp

82.2%+14.4pp

70.6%+26.0pp

Annual return

17.60%

56.91%-39.3pp

420.17%-402.6pp

31.26%-13.7pp

Employer contribution / active EE

$5,711

$4,072+40.2%

$4,933+15.8%

$2,728+109.4%

Participant deferral / active EE

$15,875

$8,001+98.4%

$8,066+96.8%

$4,651+241.4%

Admin fee / account holder

$207

$338-38.9%

$12,989-98.4%

$433-52.3%

Provider

Service type

Compensation

TWELVE POINTS WEALTH MANAGEMENT LLC5 years

Filed as: TWELVE POINTS WEALTH MANAGEMENT

Service code 27 · EIN 46-5061538

Advisory (Plan)

$55,718

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 15 · EIN 01-0233334

Recordkeeping

$33,173

CAMBRIDGE MOBILE TELEMATICS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAMBRIDGE MOBILE TELEMATICS 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