Canadian Imperial Bank of Commerce 401(k) match, vesting and fees
What Canadian Imperial Bank of Commerce's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Ernst & Young LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 118 defined-contribution plans in finance and insurance with 5,000 to 9,999 participants.
| Canadian Imperial Bank of Commerce: employer contribution per participant | $6,821 | |
| Peer median | $3,354 |
| Canadian Imperial Bank of Commerce: average balance | $222,688 | |
| Peer median | $126,365 |
| Canadian Imperial Bank of Commerce: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.06% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $930M at the end of plan year 2023 to $1.1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 5,065 | $1.1B | $34.2M | $6,821 | 0.03% | Not published | Form 5500 ↗ |
| 2023 | 4,841 | $930M | $31.3M | $6,570 | 0.03% | Not published | Form 5500 ↗ |
Other Canadian Imperial Bank of Commerce plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Cibc World Markets Retirement Plan for U.S. Employees
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Ernst and Young LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Canadian Imperial Bank of Commerce match 401(k) contributions?
The match terms for the Cibc Retirement Savings Plan for U.S. Employees have not been published from its filing yet. The plan year 2024 filing reports $34.2M in employer contributions, about $6,821 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Canadian Imperial Bank of Commerce 401(k) match vested?
The vesting schedule for the Cibc Retirement Savings Plan for U.S. Employees is not in the data published so far. Your Summary Plan Description states it.
Who manages the Canadian Imperial Bank of Commerce 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is The Vanguard Group, Inc.. The plan administrator is Canadian Imperial Bank of Commerce.
I left Canadian Imperial Bank of Commerce. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Canadian Imperial Bank of Commerce, (212) 667-5129) or the recordkeeper, The Vanguard Group, Inc.. The Canadian Imperial Bank of Commerce old 401(k) page lists the contacts from every plan filing. Find an old Canadian Imperial Bank of Commerce 401(k)
Data from the public Form 5500 annual reports Canadian Imperial Bank of Commerce filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Canadian Imperial Bank of Commerce. Not financial advice. Report a correction · Methodology