Employers › Canadian Imperial Bank of Commerce
Recordkeeping fees per participant · CIBC Retirement Savings Plan for U.S. Employees · plan year 2024
$44.72
Higher than 75% of the 790 plans over $1B that report it.
= $224,195 / 5,013
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250715133513NAL0002154241001, received 2025-07-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250715133513NAL0002154241001, received 2025-07-15
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-15.
Administrative expenses excluding investment management, per participant
$49.16
Higher than 58% of the 1,045 plans over $1B that report it.
= $246,426 / 5,013
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250715133513NAL0002154241001, received 2025-07-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250715133513NAL0002154241001, received 2025-07-15
Administrative expenses per participant
$54.08
Higher than 34% of the 1,076 plans over $1B that report it.
= $271,122 / 5,013
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250715133513NAL0002154241001, received 2025-07-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250715133513NAL0002154241001, received 2025-07-15
Administrative expenses as a share of assets
0.024%
Higher than 23% of the 1,076 plans over $1B that report it.
= $271,122 / $1,116,333,096
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250715133513NAL0002154241001, received 2025-07-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250715133513NAL0002154241001, received 2025-07-15
Employer contributions per participant
$6,821
Higher than 82% of the 1,135 plans over $1B that report it.
= $34,194,004 / 5,013
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250715133513NAL0002154241001, received 2025-07-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250715133513NAL0002154241001, received 2025-07-15
Employer share of total contributions
34.9%
Higher than 57% of the 1,135 plans over $1B that report it.
= $34,194,004 / $98,062,715
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250715133513NAL0002154241001, received 2025-07-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250715133513NAL0002154241001, received 2025-07-15
Plan terms are described in Canadian Imperial Bank of Commerce's SEC filings: Form 11-K filed 2026-06-12 . No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250715133513NAL0002154241001, received 2025-07-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | CANADIAN IMPERIAL BANK OF COMMERCE | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Plan name | CIBC RETIREMENT SAVINGS PLAN FOR U.S. EMPLOYEES | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Sponsor EIN / plan number | 13-1942440 / 006 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Sponsor location | CHICAGO, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Filing received | 2025-07-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Participants, beginning of year | 4,841 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Active participants | 3,622 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Participants, end of year | 5,065 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Participants with an account balance | 5,013 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Total assets, beginning of year | $929,845,156 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Total assets, end of year | $1,116,333,096 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Net assets, end of year | $1,116,333,096 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Total income | $249,413,321 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Net income | $186,487,940 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Employer contributions | $34,194,004 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Participant contributions | $52,585,013 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Other contributions (incl. rollovers) | $11,283,698 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Total contributions | $98,062,715 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Benefit payments | $62,470,917 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Total expenses (incl. benefit payments) | $62,925,381 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Total administrative expenses | $271,122 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Recordkeeping fees | $224,195 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Investment advisory and management fees | $24,696 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Administrative expenses excluding investment management | $246,426 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Held in common/collective trusts | $375,358,177 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Held in mutual funds | $684,496,907 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250715133513NAL0002154241001, received 2025-07-15 |
| Independent auditor | ERNST & YOUNG LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250715133513NAL0002154241001, received 2025-07-15 |
Position = column in the DOL layout for form year 2024. Filing 20250715133513NAL0002154241001, received 2025-07-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC.recordkeeper | NONE | 15 Recordkeeping and information management; 16 Consulting (general); 25 Trustee (directed); 37 Participant loan processing; 52 Investment management fees paid indirectly by plan; 99 Other fees | $272,056 | yes |
| VANGUARD ADVISERS INC. | NONE | 26 Investment advisory (participants) | $8,296 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250715133513NAL0002154241001, received 2025-07-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $929,845,156 | $1,116,333,096 | 20.1% |
| Participants with a balance | 4,761 | 5,013 | 5.3% |
| Administrative expenses | $279,076 | $271,122 | -2.9% |
| Recordkeeping fees per participant | $52.77 | $44.72 | -15.3% |
| Employer contributions | $31,280,892 | $34,194,004 | 9.3% |
Prior filing 20240730120447NAL0034135280001, received 2024-07-30; the plan years are contiguous.
Sponsor name as filed: CANADIAN IMPERIAL BANK OF COMMERCE; SEC registrant: CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ (CIK 1045520, matched by 11-K plan title).