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Canadian Imperial Bank of Commerce 401(k) retirement plan: the investment options
Does your 401(k) vote the way you would? Vanguard Institutional Index Fund is the largest fund in the Canadian Imperial Bank of Commerce plan that publishes its votes. Answer 3 of its ballots from this season, then see your result.
The question on the ballot
As filed
Canadian Imperial Bank of Commerce 401(k) match and balances, from the filing
- Company money in
- about $9,440 per active participant
- $34m in plan year 2024
- Employees saved
- about $14,520 each
- $53m in plan year 2024
- Average balance
- $222,700
- 5,013 people with a balance
- In the plan
- $1.12bn
- at the end of plan year 2024
Company money is the match plus any other employer contributions, averaged over all 3,622 active participants, including anyone who did not contribute. The filing reports dollars, not the match formula; the plan’s summary plan description states the formula.
SourceThe plan’s annual report to the Department of Labor — Form 5500, Schedule H, plan year 2024 · filed by CANADIAN IMPERIAL BANK OF COMMERCE as “CIBC RETIREMENT SAVINGS PLAN FOR U.S. EMPLOYEES” · EIN 131942440, plan number 006 · search the filings
These are the funds in the Canadian Imperial Bank of Commerce retirement plan whose voting records we can trace, taken from the plan’s own annual filing. The figures show what each one did with shareholder proposals.
SourceThe fund menu is the list of investments in Canadian Imperial Bank of Commerce’s own annual retirement-plan filing · open the filing
| Fund | Climate | Workers | Pay equity | Exec pay backed |
|---|---|---|---|---|
| Vanguard Institutional Index Fund listed as “Vanguard Institutional Index Fund Instl Plus Shares” | 0 of 66 | 0 of 20 | 0 of 6 | 97.8% |
| JPMorgan Large Cap Growth Fund listed as “JPMorgan Large Cap Growth Fund” | — | — | — | 97% |
| Dodge & Cox Stock Fund listed as “Dodge & Cox Stock Fund” | 0 of 15 | 0 of 5 | 0 of 1 | 95.1% |
| Vanguard Morningstar Small-Cap Index Fund listed as “Vanguard Small-Cap Index Fund Institutional Shares” | 0 of 17 | 0 of 2 | 0 of 3 | 96.6% |
| Vanguard Morningstar Mid-Cap Index Fund listed as “Vanguard Mid-Cap Index Fund Institutional Shares” | 0 of 13 | 0 of 3 | 0 of 2 | 97.6% |
| Vanguard Total International Stock Index Fund listed as “Vanguard Total International Stock Index Fund” | 0 of 95 | 0 of 10 | 0 of 4 | 83.1% |
| AMG TimesSquare Mid Cap Growth Fund listed as “AMG TimesSquare Mid Cap Growth Fund” | 0 of 2 | — | — | 93.9% |
| Fidelity Emerging Markets Fund listed as “Fidelity Emerging Markets Fund” | 0 of 2 | — | — | 73.3% |
| Victory Sycamore Established Value Fund listed as “Victory Sycamore Est Value Fund” | 0 of 5 | — | — | 94.7% |
| Vanguard High-Yield Corporate Fund listed as “Vanguard High-Yield Corporate Fund Admiral Shares” | — | — | — | — |
| U.S. Targeted Value Portfolio listed as “DFA US Targeted Value Portfolio” | 0 of 6 | 0 of 1 | 0 of 3 | 80% |
| Loomis Sayles Small Cap Growth Fund listed as “Loomis Sayles Small Cap Growth Fund” | — | — | — | 89.6% |
| Cohen & Steers Institutional Realty Shares listed as “Cohen & Steers Realty Shares Fund” | 0 of 1 | — | — | 88.6% |
| Parnassus Core Equity Fund listed as “Parnassus Core Equity Fund” | 8 of 15 | 2 of 3 | — | 83.3% |
| Calvert Balanced Fund listed as “Calvert Balanced Fund” | 4 of 14 | 3 of 4 | 1 of 2 | 22.9% |
What this means for you
Most people are in whichever fund their plan made the default, and never look again. The figures above are the part nobody shows you when you pick: not the fee, not last year's return, but what the fund did with the shares your savings paid for.
Vote the full deck for this plan’s fund →
Other employer plans
The largest employer plans on the site, and a few more. Each page shows what the plan’s funds did with the shares its savers paid for.