Retirement plan

OLD COLONY ELDER SERVICES, INC 401K PLAN

Name: OLD COLONY ELDER SERVICES, INC - OLD COLONY ELDER SERVICES, INC 401K PLAN (2019) 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 2019

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$7.8M

+29.5% from 2018

Total participants

297

+6.5% from 2018

Average account balance

$26,192

+21.2% from 2018

Annual return

22.29%

+26.41 pp from 2018

Benchmarks

See 5,341 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,341 peers

Snapshot2019

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.5+ years Filed as: BENEFIT PLANS ADMIN SERVICES Service code 15 · EIN 16-1503696	Recordkeeping	$36,478

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

$36K

$153 / participant

Investment mgmt$29K78.8%
Contract admin$8K21.2%

% of EOY assets

0.471%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BURKE & ASSOCIATES CPAS, INC.
Auditor EIN: 020664148
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,192

$52,967-50.6%

$172,753-84.8%

$65,186-59.8%

Participation rate

99.6%

66.2%+33.4pp

82.6%+16.9pp

70.2%+29.4pp

Annual return

22.29%

30.12%-7.8pp

803.00%-780.7pp

29.39%-7.1pp

Employer contribution / active EE

$1,244

$2,190-43.2%

$5,144-75.8%

$2,177-42.9%

Participant deferral / active EE

$1,775

$2,471-28.2%

$5,198-65.9%

$3,514-49.5%

Admin fee / account holder

$123

$472-73.9%

$13,956-99.1%

$847-85.5%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.5+ years

Filed as: BENEFIT PLANS ADMIN SERVICES

Service code 15 · EIN 16-1503696

Recordkeeping

$36,478

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