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Community, Work and Independence, Inc.

Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Community, Work and Independence, Inc.

46
Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Overview

Plan Rating

BrightScope Rating
46
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (37)
Average in Peer Group (68)
Highest in Peer Group (86)

Plan Description

Community, Work and Independence, Inc. Retirement Plan is a defined contribution plan. This plan has a BrightScope Rating of 46. This plan is in the top 15% of plans for Participation Rate. Community, Work and Independence, Inc. Retirement Plan currently has over 300 active participants and over $7.9M in plan assets.

Did you know?

For the average 401k participant, the 40 point difference between this plan's BrightScope Rating (46) and the top rated plan (86) could equate to:
18
Additional years of work
288,320
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2017
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address P.o. Box 303
  • Location
    Glens Falls , NY
    • 12801
  • Industry
    Other Services (except Public Administration)
  • Administrator
    Mark Donahue
  • Net Plan Assets
    $7,930,000
  • Total Participants
    350
  • Avg Account Balance
    $23,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Great
Salary Deferrals:
Poor
Account Balance:
Below Avg.

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Average

Performance

Participation Rate:
Great
Salary Deferrals:
Poor
Account Balance:
Average

Peer Group Plans

Company Rating
Republican National Committee 62.3
Jewish Federation of Greater Indianapolis 60.7
Atlantic Council of the United States 59.3
McKinley Children's Center 58.6
Bella Vista Property Owners Association 56.8
Citizens for Citizens 56.6

Top Industry Articles

Compliance
Stimulus Bill Extends Some Provisions of the CARES Act

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

December 28, 2020
Practice Management
Practice Management: Areas of Success

A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.

December 28, 2020
Compliance
Missing Participant Guidance Released by DOL

The guidance includes best practices for locating missing participants in addition to best practices for documenting efforts to do so.

January 13, 2021
exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020
Compliance
Retirement Plan Trustee Faces Cybersecurity-Related Lawsuit

The lawsuit says the trustee failed to prevent a fraudulent distribution from a participant's account and is failing to take responsibility.

January 15, 2021

Investments

Investment Menu Stats

# of Investment Options

43

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
T. Rowe Price Growth Stock 15%
40%
BlackRock Liquidity Treasury 11%
14%
Vanguard Wellington 9%
4%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan
for Asset Managers

Providers

Plan Service Providers

SERVICE PROVIDER
Corporate Trustee
Glens Falls National Bank and Trust Co.
Recordkeeper
Glens Falls National Bank and Trust Co.
Auditor
The Bonadio Group, LLC

Articles and Questions

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
Ryan Alfred

Popular Questions

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