Commit Enterprises 401(k) match, vesting and fees
What Commit Enterprises' 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 | John Hancock USA | 2023 Schedule C ↗ |
| Independent auditor | Forge Financial and Mgmt Consulting (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 9,213 defined-contribution plans in professional, scientific, and technical services with 100 to 499 participants.
| Commit Enterprises: employer contribution per participant | $3,490 | |
| Peer median | $2,521 |
| Commit Enterprises: average balance | $90,466 | |
| Peer median | $75,833 |
| Commit Enterprises: admin expenses ÷ assets | 0.51% | |
| Peer median | 0.27% |
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 $8.2M at the end of plan year 2021 to $15.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 192 | $15.5M | $597K | $3,490 | 0.51% | Not published | Form 5500 ↗ |
| 2023 | 162 | $11.4M | $507K | $3,428 | 0.48% | Not published | Form 5500 ↗ |
| 2022 | 138 | $8.4M | $333K | $2,977 | 0.56% | Not published | Form 5500 ↗ |
| 2021 | 90 | $8.2M | $193K | $2,570 | 0.65% | Not published | 5500-SF ↗ |
Other Commit Enterprises plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Commit Enterprises, Inc. Employee Stock Ownership Plan
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 | Michael Hall, LLC (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Common questions
Does Commit Enterprises match 401(k) contributions?
The match terms for the Commit Enterprises, Inc. 401(k) & Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $597K in employer contributions, about $3,490 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Commit Enterprises 401(k) match vested?
The vesting schedule for the Commit Enterprises, Inc. 401(k) & Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Commit Enterprises 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is John Hancock USA. The plan administrator is Commit Enterprises, Inc..
I left Commit Enterprises. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Commit Enterprises, Inc., (301) 752-1661) or the recordkeeper, John Hancock USA. The Commit Enterprises old 401(k) page lists the contacts from every plan filing. Find an old Commit Enterprises 401(k)
Data from the public Form 5500 annual reports Commit Enterprises filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Commit Enterprises. Not financial advice. Report a correction · Methodology