Community Teamwork Inc. 401(k) Review & Grade
Community Teamwork, Inc. Retirement Plan
Lowell, MAHealth Care & Social Assistance624 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,185Employer $ per active participant
$2,611Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$37.2MNet plan assets, end of year
$41,188Average balance per account
Score breakdown
- Employer generosity36.8 / 5074th percentile for employer $ per participant
- Low cost18.5 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1551th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 74th |
| Employee saving | 51th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $10,786 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Community Teamwork put in about $2,185 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,364,781 |
| Participant (employee) contributions | $1,630,515 |
| Other contributions (incl. rollovers in) | $548,335 |
| Administrative expenses paid from the plan | $33,918 |
| Investment advisory & management fees | $48,000 |
| Benefits paid out | $1,268,092 |
| Net assets, start / end of year | $30.9M / $37.2M |
| Active participants, start / end of year | 588 / 661 |
| Participants with account balances | 903 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Anstiss & Co.,p.c. |
Largest service providers (Schedule C)
| Commonwealth Financial Network | $48,000 reported compensation |
| Fidelity Investments Institutional | −$14,082 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250813083844NAL0008924385001, received 2025-08-13, EIN 04-2382027, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.