Retirement plan

CHICAGO SWITCHBOARD COMPANY 401(K) PLAN

Name: CHICAGO SWITCHBOARD COMPANY, INC. - CHICAGO SWITCHBOARD COMPANY 401(K) PLAN (2020) Form 5500
Creator: CHICAGO SWITCHBOARD COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHICAGO SWITCHBOARD COMPANY 401(K) PLAN, CHICAGO SWITCHBOARD COMPANY, INC.

CHICAGO SWITCHBOARD COMPANY, INC.EIN 36-0906590Plan #001PY 2020

470 W WRIGHTWOOD AVE - ELMHURST, IL 60126773-617-4464

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$4.6M

-26.8% from 2019

Total participants

+31.3% from 2019

Average account balance

$272,265

-31.1% from 2019

Annual return

8.33%

-13.29 pp from 2019

Benchmarks

See 21,446 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,446 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.21M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

41.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$734K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+26.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19408

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 codes2E2F2G2J2T3B3D

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.5M

$137718 / participant

Other / not subdivided$2M100.0%

% of EOY assets

53.558%

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

$272,265

$112,131+142.8%

$95,964+183.7%

$158,982+71.3%

Participation rate

77.8%

79.0%-1.2pp

77.1%+0.7pp

82.0%-4.2pp

Annual return

8.33%

171.19%-162.9pp

91.64%-83.3pp

302.99%-294.7pp

Employer contribution / active EE

$3,442

$3,199+7.6%

$2,541+35.4%

$4,763-27.7%

Participant deferral / active EE

$9,211

$4,784+92.5%

$4,167+121.1%

$5,983+53.9%

Admin fee / account holder

$145,819

$10,136+1338.6%

$6,797+2045.3%

$11,252+1196.0%

CHICAGO SWITCHBOARD COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHICAGO SWITCHBOARD COMPANY 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