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 (2024) 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 2024

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

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$603K

+45.1% from 2023

Total participants

+21.4% from 2023

Average account balance

$35,497

+19.5% from 2023

Annual return

19.07%

-2.55 pp from 2023

Benchmarks

See 143,710 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,710 peers

Snapshot2024

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

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

$500

$56 / participant

Other / not subdivided$500100.0%

% of EOY assets

0.083%

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

$35,497

$160,040-77.8%

$147,096-75.9%

$145,877-75.7%

Participation rate

100.0%

84.0%+16.0pp

82.2%+17.8pp

80.3%+19.7pp

Annual return

19.07%

98.49%-79.4pp

419.75%-400.7pp

551.28%-532.2pp

Employer contribution / active EE

$2,771

$5,289-47.6%

$4,936-43.9%

$4,663-40.6%

Participant deferral / active EE

$9,308

$8,429+10.4%

$8,071+15.3%

$6,691+39.1%

Admin fee / account holder

$29

$15,050-99.8%

$13,005-99.8%

$13,402-99.8%

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