Cibc Bancorp Usa, Inc. 401(k) Plan (terminated 2020): Login, Facts & Contact Information
This plan was terminated. Its final Form 5500 covers plan year 2020, when $260.4 million was transferred out of the plan. Assets moved to the CIBC RETIREMENT SAVINGS PLAN FOR U.S. EMPLOYEES (sponsored by CANADIAN IMPERIAL BANK OF COMMERCE). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
See the CIBC RETIREMENT SAVINGS PLAN FOR U.S. EMPLOYEES →Cibc Bancorp Usa, Inc. 401(k) Login
Retirement plan providers can change. This information is from the plan's 2020 filing.
Cibc Bancorp Usa, Inc. 401(k) Plan Facts (plan year 2020)
Source: Form 5500 for plan year 2020 (Jan 1, 2020 – Dec 31, 2020), filed Sep 24, 2021. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2020
- $31.0 million went into the plan in contributions, $11.2 million of it from the employer (36%).
- $13.1 million was paid out to participants.
- Investment and other income added $31.0 million.
How the Cibc Bancorp Usa, Inc. 401(k) changed, 2017–2020
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2017 | 1,522 | $156.5 million | $4.97 million | $7.11 million |
| 2018 | 1,631 | $159.4 million | $4.69 million | $6.88 million |
| 2019 | 2,009 | $211.7 million | $4.95 million | $9.82 million |
| 2020 (final) | 2,000 | $0 | $11.2 million | $13.1 million |
Cibc Bancorp Usa, Inc. 401(k) Contact Information
Questions about the Cibc Bancorp Usa, Inc. 401(k)
Is the Cibc Bancorp Usa, Inc 401(k) plan still active?
No. The plan's final Form 5500 was filed for plan year 2020. Its assets were transferred to the CIBC RETIREMENT SAVINGS PLAN FOR U.S. EMPLOYEES.
Does Cibc Bancorp Usa, Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $11.2 million, 36% of all contributions.
Does the Cibc Bancorp Usa, Inc 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Cibc Bancorp Usa, Inc 401(k) plan?
2,000 participants at the start of plan year 2020.
Who manages the Cibc Bancorp Usa, Inc 401(k) accounts?
Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.