Retirement plan

COMMONWEALTH ASSOCIATES INC. 401K PROFIT SHARING PLAN

Name: COMMONWEALTH ASSOCIATES INC. - COMMONWEALTH ASSOCIATES INC. 401K PROFIT SHARING PLAN (2015) Form 5500
Creator: COMMONWEALTH ASSOCIATES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMONWEALTH ASSOCIATES INC. 401K PROFIT SHARING PLAN, COMMONWEALTH ASSOCIATES INC.

COMMONWEALTH ASSOCIATES INC.EIN 38-2809676Plan #001PY 2015

2700 W ARGYLE ST - JACKSON, MI 49202517-788-3000cai-engr.comLinkedIn201-500 employeesutilities

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed March 4, 2024 (most recent of 2 filings on file)

Plan administrator

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245 W MICHIGAN AVE

Jackson, MI 49201

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Plans declared (1)

Commonwealth Associates Nonqualified Deferred Compensation Plan10 emp

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Total assets (EOY)

$20.9M

No prior year

Total participants

330

No prior year

Average account balance

$65,988

No prior year

Annual return

-2.17%

No prior year

Benchmarks

See 2,331 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,331 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.45M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

327

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$434

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 3 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO1+ years Service code 15 · EIN 35-0145825	Recordkeeping	$8,003
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH PIERCE FENNER AND SMI Service code 60 · EIN 13-5674085	Sub-TA Fees	$0
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH,PIERCE FENNER AND SMI Service code 33 · EIN 13-5674085	Securities brokerage	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$18K

$68 / participant

Contract admin$18K100.0%

% of EOY assets

0.087%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DOVE, HICKEY & BOSWELL, P.L.C.
Auditor EIN: 571225176
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,988

$88,324-25.3%

$115,038-42.6%

$55,191+19.6%

Participation rate

94.8%

72.5%+22.2pp

81.4%+13.4pp

69.2%+25.6pp

Annual return

-2.17%

6.30%-8.5pp

26.14%-28.3pp

10.78%-12.9pp

Employer contribution / active EE

$4,908

$2,805+75.0%

$4,608+6.5%

$1,899+158.5%

Participant deferral / active EE

$3,986

$5,042-20.9%

$6,026-33.9%

$3,046+30.8%

Admin fee / account holder

$57

$105-45.8%

$8,175-99.3%

$91-37.1%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO1+ years

Service code 15 · EIN 35-0145825

Recordkeeping

$8,003

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH PIERCE FENNER AND SMI

Service code 60 · EIN 13-5674085

Sub-TA Fees

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH,PIERCE FENNER AND SMI

Service code 33 · EIN 13-5674085

Securities brokerage

COMMONWEALTH ASSOCIATES INC. 401K PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMONWEALTH ASSOCIATES INC. 401K PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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