Retirement plan

RESTATED PROFIT SHARING PLAN & TRUST OF BOSTON SAND & GRAVEL COMPANY

Name: BOSTON SAND & GRAVEL COMPANY - RESTATED PROFIT SHARING PLAN & TRUST OF BOSTON SAND & GRAVEL COMPANY (2016) Form 5500
Creator: BOSTON SAND & GRAVEL COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RESTATED PROFIT SHARING PLAN & TRUST OF BOSTON SAND & GRAVEL COMPANY, BOSTON SAND & GRAVEL COMPANY

BOSTON SAND & GRAVEL COMPANYEIN 04-1107360Plan #001PY 2016

100 NORTH WASHINGTON STREET 2ND FL - BOSTON, MA 02114617-227-9000bostonsand.comLinkedIn51-200 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.4M

-14.1% from 2015

Total participants

-21.3% from 2015

Average account balance

$113,098

+7.4% from 2015

Annual return

7.81%

+9.23 pp from 2015

Benchmarks

See 6,045 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort6,045 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.59M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$665K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+10.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$547

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 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC2+ years Service code 27 315 DEADERICK ST 5TH FL · NASHVILLE, TN 37238	Advisory (Plan)	$21,829
NBT BANCORP NA2+ years Filed as: NBT BANK NA Service code 13 2 EXECUTIVE PARK DRIVE STE 100 · BEDFORD, NH 03110	Contract Administrator	$17,814
SAMET & COMPANY PC2+ years Filed as: SAMET & COMPANY, PC Service code 10 1330 BOYLSTON ST · CHESTNUT HILL, MA 02467	Accounting	$9,500
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$2,150

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$37K

$518 / participant

Investment mgmt$22K59.4%
Contract admin$5K14.8%
Other / not subdivided$10K25.8%

% of EOY assets

0.353%

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: SAMET & COMPANY PC
Auditor EIN: 043027605
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,098

$58,828+92.3%

$78,002+45.0%

$62,881+79.9%

Participation rate

94.4%

71.1%+23.3pp

75.5%+18.8pp

69.3%+25.1pp

Annual return

7.81%

17.16%-9.3pp

425.99%-418.2pp

20.14%-12.3pp

Employer contribution / active EE

$3,028

$1,672+81.1%

$2,470+22.6%

$2,281+32.8%

Participant deferral / active EE

$4,227

$2,686+57.4%

$3,497+20.9%

$3,203+32.0%

Admin fee / account holder

$399

$4,393-90.9%

$5,481-92.7%

$4,296-90.7%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2+ years

Service code 27

315 DEADERICK ST 5TH FL · NASHVILLE, TN 37238

Advisory (Plan)

$21,829

NBT BANCORP NA2+ years

Filed as: NBT BANK NA

Service code 13

2 EXECUTIVE PARK DRIVE STE 100 · BEDFORD, NH 03110

Contract Administrator

$17,814

SAMET & COMPANY PC2+ years

Filed as: SAMET & COMPANY, PC

Service code 10

1330 BOYLSTON ST · CHESTNUT HILL, MA 02467

Accounting

$9,500

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$2,150

RESTATED PROFIT SHARING PLAN & TRUST OF BOSTON SAND & GRAVEL COMPANY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RESTATED PROFIT SHARING PLAN & TRUST OF BOSTON SAND & GRAVEL COMPANY

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