Retirement plan

CONNECTICUT BUSINESS TECHNOLOGY GROUP, LLC 401(K) PROFIT SHARING PLAN

Name: CONNECTICUT BUSINESS TECHNOLOGY GROUP, LLC - CONNECTICUT BUSINESS TECHNOLOGY GROUP, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: CONNECTICUT BUSINESS TECHNOLOGY GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONNECTICUT BUSINESS TECHNOLOGY GROUP, LLC 401(K) PROFIT SHARING PLAN, CONNECTICUT BUSINESS TECHNOLOGY GROUP, LLC

CONNECTICUT BUSINESS TECHNOLOGY GROUP, LLCEIN 27-3554076Plan #001PY 2022

5 PROGRESS DRIVE, SUITE B - CROMWELL, CT 06416860-358-9460cbtechgroup.comLinkedIn1-10 employeesinformation technology and services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$304K

+1.4% from 2021

Total participants

+8.3% from 2021

Average account balance

$23,347

-6.4% from 2021

Annual return

-20.43%

-36.13 pp from 2021

Benchmarks

See 133,844 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,844 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$603K

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

188.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$109K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+19.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$29

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 codes2E2J3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$5K

$974 / participant

Other / not subdivided$5K100.0%

% of EOY assets

1.605%

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

$23,347

$138,114-83.1%

$125,391-81.4%

$134,545-82.6%

Participation rate

100.0%

84.5%+15.5pp

82.4%+17.6pp

81.2%+18.8pp

Annual return

-20.43%

750.88%-771.3pp

572.41%-592.8pp

418.37%-438.8pp

Employer contribution / active EE

$2,762

$5,246-47.4%

$4,816-42.7%

$4,742-41.8%

Participant deferral / active EE

$11,269

$7,801+44.5%

$7,448+51.3%

$6,401+76.0%

Admin fee / account holder

$375

$11,570-96.8%

$10,009-96.3%

$11,431-96.7%

CONNECTICUT BUSINESS TECHNOLOGY GROUP, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONNECTICUT BUSINESS TECHNOLOGY GROUP, LLC 401(K) PROFIT SHARING 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