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 (2023) 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 2023

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)

$416K

+37.0% from 2022

Total participants

+7.7% from 2022

Average account balance

$29,708

+27.2% from 2022

Annual return

21.62%

+42.05 pp from 2022

Benchmarks

See 139,766 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,766 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$833K

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

237.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$111K

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

+19.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

$38K

$5381 / participant

Other / not subdivided$38K100.0%

% of EOY assets

9.057%

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

$29,708

$148,623-80.0%

$135,974-78.2%

$139,466-78.7%

Participation rate

100.0%

83.9%+16.1pp

81.9%+18.1pp

80.3%+19.7pp

Annual return

21.62%

79.30%-57.7pp

68.30%-46.7pp

373.66%-352.0pp

Employer contribution / active EE

$2,734

$5,246-47.9%

$4,859-43.7%

$4,754-42.5%

Participant deferral / active EE

$9,331

$8,103+15.2%

$7,760+20.2%

$6,712+39.0%

Admin fee / account holder

$2,691

$12,406-78.3%

$10,767-75.0%

$11,409-76.4%

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