Retirement plan

OLD COLONY ELDER SERVICES, INC 401K PLAN

Name: OLD COLONY ELDER SERVICES, INC - OLD COLONY ELDER SERVICES, INC 401K PLAN (2024) Form 5500
Creator: OLD COLONY ELDER SERVICES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OLD COLONY ELDER SERVICES, INC 401K PLAN, OLD COLONY ELDER SERVICES, INC

OLD COLONY ELDER SERVICES, INCEIN 01-0644916Plan #003PY 2024

144 MAIN STREET - BROCKTON, MA 02301508-584-1561ocesma.orgLinkedIn201-500 employeesgovernment administration

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$11M

+12.5% from 2023

Total participants

339

+4.6% from 2023

Average account balance

$32,691

+7.2% from 2023

Annual return

14.11%

-3.77 pp from 2023

Benchmarks

See 6,007 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,007 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$11.05M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$33K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

338

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$943K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.11%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$186

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
BENEFIT PLANS ADMIN SERVICES, INC.10+ years Filed as: BENEFIT PLANS ADMIN SERVICES Service code 15 · EIN 16-1503696	Recordkeeping	$62,800

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$63K

$265 / participant

Trustee / custodial$47K75.6%
Contract admin$15K24.4%

% of EOY assets

0.568%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CITRIN COOPERMAN & COMPANY LLP
Auditor EIN: 222428965
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,691

$55,446-41.0%

$155,574-79.0%

$74,429-56.1%

Participation rate

99.6%

61.9%+37.7pp

78.2%+21.4pp

67.2%+32.4pp

Annual return

14.11%

269.20%-255.1pp

64.87%-50.8pp

1368.38%-1354.3pp

Employer contribution / active EE

$1,729

$2,266-23.7%

$4,676-63.0%

$2,625-34.1%

Participant deferral / active EE

$2,250

$2,836-20.6%

$5,629-60.0%

$4,348-48.2%

Admin fee / account holder

$186

$1,743-89.3%

$15,914-98.8%

$1,944-90.4%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.10+ years

Filed as: BENEFIT PLANS ADMIN SERVICES

Service code 15 · EIN 16-1503696

Recordkeeping

$62,800

OLD COLONY ELDER SERVICES, INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OLD COLONY ELDER SERVICES, INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion