Retirement plan

CHARTWELL OPERATIONS LLC MULTIPLE EMPLOYER 401(K) PLAN

Name: CHARTWELL OPERATIONS LLC - CHARTWELL OPERATIONS LLC MULTIPLE EMPLOYER 401(K) PLAN (2024) Form 5500
Creator: CHARTWELL OPERATIONS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARTWELL OPERATIONS LLC MULTIPLE EMPLOYER 401(K) PLAN, CHARTWELL OPERATIONS LLC

CHARTWELL OPERATIONS LLCEIN 46-5273721Plan #001PY 2024

5319 16TH AVENUE, SUITE B - BROOKLYN, NY 11204845-268-5000

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$7.2M

+37.8% from 2023

Total participants

296

+6.9% from 2023

Average account balance

$30,870

+15.8% from 2023

Annual return

16.58%

-6.32 pp from 2023

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.16M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

232

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.

75.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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 2 by compensation

Provider	Service type	Compensation
RPG CONSULTANTS6 years Service code 15 · EIN 13-4077182 1245 HEWLETT PLAZA · HEWLETT, NY 11557	Recordkeeping	$31,196
SMITH & HOWARD, PC4 years Filed as: SMITH BROTHERS FINANCIAL, LLC Service code 26 68 NATIONAL DR. · GLASTONBURY, CT 06033	Advisory (Participants)	$11,999

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$47K

$177 / participant

Salaries / allowances$47K100.0%

% of EOY assets

0.653%

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: TRACHTENBERG & PAUKER LLP
Auditor EIN: 112478841
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,870

$92,076-66.5%

$105,607-70.8%

$77,736-60.3%

Participation rate

75.8%

81.0%-5.2pp

75.3%+0.6pp

70.6%+5.3pp

Annual return

16.58%

17.84%-1.3pp

116.11%-99.5pp

31.26%-14.7pp

Employer contribution / active EE

$3,370-100.0%

$3,167-100.0%

$2,728-100.0%

Participant deferral / active EE

$4,867

$5,390-9.7%

$5,011-2.9%

$4,651+4.7%

Admin fee / account holder

$202

$219-7.9%

$10,958-98.2%

$433-53.5%

Provider

Service type

Compensation

RPG CONSULTANTS6 years

Service code 15 · EIN 13-4077182

1245 HEWLETT PLAZA · HEWLETT, NY 11557

Recordkeeping

$31,196

SMITH & HOWARD, PC4 years

Filed as: SMITH BROTHERS FINANCIAL, LLC

Service code 26

68 NATIONAL DR. · GLASTONBURY, CT 06033

Advisory (Participants)

$11,999

CHARTWELL OPERATIONS LLC MULTIPLE EMPLOYER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARTWELL OPERATIONS LLC MULTIPLE EMPLOYER 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