Retirement plan

OLD COLONY ELDER SERVICES, INC 401K PLAN

Name: OLD COLONY ELDER SERVICES, INC - OLD COLONY ELDER SERVICES, INC 401K PLAN (2021) 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 2021

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.5M

+11.2% from 2020

Total participants

314

+4.7% from 2020

Average account balance

$34,543

+9.7% from 2020

Annual return

14.78%

-2.21 pp from 2020

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2021

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 2 by compensation

Provider	Service type	Compensation
BENEFIT PLANS ADMIN SERVICES, INC.7+ years Filed as: BENEFIT PLANS ADMIN SERVICES Service code 15 · EIN 16-1503696	Recordkeeping	$36,771
EASTERN BENEFITS GROUP1 year Service code 26 100 QUANNAPOWITT PARKWAY, SUITE 400 · WAKEFIELD, MA 01880	Advisory (Participants)	$12,550

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

$49K

$226 / participant

Investment mgmt$40K80.8%
Contract admin$9K19.2%

% of EOY assets

0.471%

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: BA, INC.
Auditor EIN: 020664148
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,543

$61,172-43.5%

$185,851-81.4%

$79,389-56.5%

Participation rate

95.0%

66.6%+28.3pp

81.7%+13.2pp

70.7%+24.2pp

Annual return

14.78%

19.45%-4.7pp

122.11%-107.3pp

116.89%-102.1pp

Employer contribution / active EE

$1,625

$2,321-30.0%

$5,168-68.6%

$2,428-33.1%

Participant deferral / active EE

$2,180

$2,788-21.8%

$5,569-60.9%

$4,046-46.1%

Admin fee / account holder

$163

$710-77.1%

$16,245-99.0%

$626-74.0%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.7+ years

Filed as: BENEFIT PLANS ADMIN SERVICES

Service code 15 · EIN 16-1503696

Recordkeeping

$36,771

EASTERN BENEFITS GROUP1 year

Service code 26

100 QUANNAPOWITT PARKWAY, SUITE 400 · WAKEFIELD, MA 01880

Advisory (Participants)

$12,550

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