Retirement plan

RETIREMENT INCOME PLAN FOR EMPLOYEES OF THE CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICA

Name: CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICA - RETIREMENT INCOME PLAN FOR EMPLOYEES OF THE CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICA (2022) Form 5500
Creator: CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT INCOME PLAN FOR EMPLOYEES OF THE CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICA, CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICA

CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICAEIN 53-0045720Plan #001PY 2022

1615 H STREET, N.W. - WASHINGTON, DC 20062202-463-5391

Other plans on this EIN

1 filing

#002Retirement-$160.3M assets

Prospect flagsHigh retiree %Low employer contributionLow participant contributionWind-down / frozen

How to read this page

Total assets (EOY)

$125.5M

-4.2% from 2016

Total participants

1,153

+2.0% from 2016

Average account balance

No prior year

Annual return

-14.36%

-8.74 pp from 2016

Benchmarks

See 185 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined benefit

Participants25-99

Cohort185 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$133.27M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

1,068

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+5.20%

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

1 years with F_SCH_H allocation on file

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
CBIZ RETIREMENT PLAN SERVICES2 years Filed as: CBIZ Service code 11 · EIN 31-1582098	Actuarial	$194,050
MERRILL LYNCH PIERCE FENNER & SMITH8+ years Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 27 · EIN 13-5674085	Advisory (Plan)	$192,100
NORTHERN TRUST COMPANY7 years Service code 21 · EIN 36-1561860	Bank Trustee	$111,787
DELAWARE INVESTMENTS8+ years Filed as: DELAWARE CAPITAL MANAGEMENT Service code 28 · EIN 13-3465352	Investment Management	$78,106
ERNST & YOUNG LLP7 years Filed as: ERNST & YOUNG US LLP Service code 10 · EIN 34-6565596	Accounting	$57,200
WESTFIELD CAPITAL MANAGEMENT4 years Filed as: WESTFIELD CAPITAL MANAGEMENT CO. Service code 28 · EIN 80-0175963	Investment Management	$53,775
PACIFIC INCOME ADVISORS8+ years Filed as: PACIFIC INCOME ADVISERS Service code 28 · EIN 95-4067974	Investment Management	$27,628

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1A3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
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

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$1.0M

$18954 / participant

Investment mgmt$271K27.0%
Other / not subdivided$733K73.0%

% of EOY assets

0.800%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$378,419-100.0%

$748,470-100.0%

$107,032-100.0%

Participation rate

0.0%

10.0%-10.0pp

21.7%-21.7pp

9.9%-9.9pp

Annual return

-14.36%

13.34%-27.7pp

0.46%-14.8pp

-5.25%-9.1pp

Employer contribution / active EE

$19,967-100.0%

$35,480-100.0%

$15,161-100.0%

Participant deferral / active EE

$651-100.0%

$231-100.0%

$120-100.0%

Admin fee / account holder

$2,728-100.0%

$29,938-100.0%

$3,859-100.0%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES2 years

Filed as: CBIZ

Service code 11 · EIN 31-1582098

Actuarial

$194,050

MERRILL LYNCH PIERCE FENNER & SMITH8+ years

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 27 · EIN 13-5674085

Advisory (Plan)

$192,100

NORTHERN TRUST COMPANY7 years

Service code 21 · EIN 36-1561860

Bank Trustee

$111,787

DELAWARE INVESTMENTS8+ years

Filed as: DELAWARE CAPITAL MANAGEMENT

Service code 28 · EIN 13-3465352

Investment Management

$78,106

ERNST & YOUNG LLP7 years

Filed as: ERNST & YOUNG US LLP

Service code 10 · EIN 34-6565596

Accounting

$57,200

WESTFIELD CAPITAL MANAGEMENT4 years

Filed as: WESTFIELD CAPITAL MANAGEMENT CO.

Service code 28 · EIN 80-0175963

Investment Management

$53,775

PACIFIC INCOME ADVISORS8+ years

Filed as: PACIFIC INCOME ADVISERS

Service code 28 · EIN 95-4067974

Investment Management

$27,628

RETIREMENT INCOME PLAN FOR EMPLOYEES OF THE CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICA

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT INCOME PLAN FOR EMPLOYEES OF THE CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICA

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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