Retirement plan

CHATMETER, INC. 401(K) PROFIT SHARING PLAN

Name: CHATMETER, INC. - CHATMETER, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: CHATMETER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHATMETER, INC. 401(K) PROFIT SHARING PLAN, CHATMETER, INC.

CHATMETER, INC.EIN 45-2473347Plan #001PY 2023

225 BROADWAY, SUITE 2200 - SAN DIEGO, CA 92101619-795-6262chatmeter.comLinkedIn51-200 employeescomputer software

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$7.6M

+69.3% from 2022

Total participants

203

-2.4% from 2022

Average account balance

$37,578

+48.5% from 2022

Annual return

44.33%

+58.78 pp from 2022

Benchmarks

See 6,236 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,236 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.27M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

194

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

$1.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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

See the 9-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
NATIONWIDE3 years Service code 15 1 NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$37,352
LPL FINANCIAL3 years Filed as: LPL FINANCIAL - SMS SERVICE PROVIDE Service code 26 · EIN 95-2834236 4707 EXECUTIVE DR. · SAN DIEGO, CA 92121	Advisory (Participants)	$8,668
LPL FINANCIAL3 years Filed as: LPL FINANCIAL SMS PASSIVE Service code 26 4707 EXECUTIVE DR. · SAN DIEGO, CA 92121	Advisory (Participants)	$3,468
SAN DIEGO PENSION CONSULTANTS3 years Service code 16 · EIN 88-0311232 9665 CHESAPEAKE DR. · SAN DIEGO, CA 92123	Consulting	$1,590
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON-CO-FID-3(21) Service code 31 · EIN 26-2409128 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Named fiduciary	$277
PREFERRED PENSION PLANNING1 year Filed as: PREFERRED PRODUCT NETWORK INC Service code 53 · EIN 42-1255850 711 HIGH STREET · DES MOINES, IA 50392	Insurance Commissions	$0
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL SECURITIES, INC. Service code 53 · EIN 42-1255850 711 HIGH STREET · DES MOINES, IA 50392	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$51K

$411 / participant

Contract admin$2K3.1%
Other / not subdivided$49K96.9%

% of EOY assets

0.663%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: LAVINE, LOFGREN, MORRIS & ENGELBERG
Auditor EIN: 330690020
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,578

$91,407-58.9%

$135,903-72.3%

$71,457-47.4%

Participation rate

100.0%

75.7%+24.3pp

81.9%+18.1pp

67.9%+32.1pp

Annual return

44.33%

29.90%+14.4pp

68.23%-23.9pp

28.85%+15.5pp

Employer contribution / active EE

$4,769

$3,703+28.8%

$4,856-1.8%

$2,588+84.3%

Participant deferral / active EE

$8,035

$7,092+13.3%

$7,758+3.6%

$4,289+87.4%

Admin fee / account holder

$249

$1,266-80.3%

$10,762-97.7%

$1,587-84.3%

Provider

Service type

Compensation

NATIONWIDE3 years

Service code 15

1 NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$37,352

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL - SMS SERVICE PROVIDE

Service code 26 · EIN 95-2834236

4707 EXECUTIVE DR. · SAN DIEGO, CA 92121

Advisory (Participants)

$8,668

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL SMS PASSIVE

Service code 26

4707 EXECUTIVE DR. · SAN DIEGO, CA 92121

Advisory (Participants)

$3,468

SAN DIEGO PENSION CONSULTANTS3 years

Service code 16 · EIN 88-0311232

9665 CHESAPEAKE DR. · SAN DIEGO, CA 92123

Consulting

$1,590

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON-CO-FID-3(21)

Service code 31 · EIN 26-2409128

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Named fiduciary

$277

PREFERRED PENSION PLANNING1 year

Filed as: PREFERRED PRODUCT NETWORK INC

Service code 53 · EIN 42-1255850

711 HIGH STREET · DES MOINES, IA 50392

Insurance Commissions

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL SECURITIES, INC.

Service code 53 · EIN 42-1255850

711 HIGH STREET · DES MOINES, IA 50392

Insurance Commissions

CHATMETER, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHATMETER, INC. 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