Plan Snapshot
- Plan Sponsor: Canadian Imperial Bank Of Commerce
- Sponsor EIN: 131942440
- Sponsor Address: 120 S LASALLE STREET, CHICAGO, IL, 60603
- Plan Type: 401(k)
- Total Participants: 3,622
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,622 | $1.1B | $34.2M | $52.6M |
| 2023 | 3,385 | $929.8M | $31.3M | $47.7M |
| 2022 | 3,138 | $727.7M | $27.4M | $41.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | NONE | $272,056 | — | $272,056 |
| VANGUARD ADVISERS INC. | NONE | $8,296 | — | $8,296 |
| ERNST & YOUNG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- VANGUARD ADVISERS INC. — NONE
- ERNST & YOUNG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $280,352
- Estimated Expense Ratio: 0.025% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $271,122 | $24,696 | — | — | — |
| 2023 | $279,076 | $10,586 | — | — | — |
| 2022 | $282,033 | — | — | — | — |