What are the fees in the Community Assistance Network, Inc. Defined-contribution plan plan?

For plan year 2022, Community Assistance Network, Inc. reported $467 in plan administrative expenses, or 0.09% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

How much does Community Assistance Network, Inc. contribute to its Defined-contribution plan?

In 2022, employer contributions to the Community Assistance Network, Inc. plan averaged $230 per active participant, below the $331 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Community Assistance Network, Inc. 401(k)?

The average participant account balance was $5,423 for plan year 2022, based on 91 accounts.

Community Assistance Network, Inc.DC plan

Name: Community Assistance Network, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

COMMUNITY ASSISTANCE NETWORK, INC. 401K PLAN · BALTIMORE, MD · plan year 2022

Reported admin expense ratio · 2022

0.09%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Community Assistance Network, Inc. reported $467 in plan administrative expenses for 2022: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $230 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Maryland (1,626th of 1,671), and 3,187th of 3,341 in other services. In 2022, employees put in $1.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$493,510
Participants with balances91
Active participants188
Employer contributions$43,254
Employee contributions$70,636
Employer contribution per active participant$230
Average account balance$5,423
Benefits paid to participants$54,487
Plan auditUnmodified (clean) audit opinion
AuditorGORFINE, SCHILLER & GARDYN, PA

Employer contributions to the Community Assistance Network, Inc. plan · 2022

Employer contribution per active participant$230

Median for plans this size$331

Community Assistance Network, Inc.'s 2022 employer contribution ran below the $331 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$467 · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520823186 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.