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 (2023) 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 2023

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

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$10.9M

-14.8% from 2022

Total participants

106

+7.1% from 2022

Average account balance

$102,796

-21.3% from 2022

Annual return

12.90%

+27.92 pp from 2022

Benchmarks

See 5,448 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,448 peers

Snapshot2023

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC3 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 1099 HINGHAM STREET 3RD FLOOR · ROCKLAND, MA 02370	Advisory (Plan)	$25,215
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$17,067

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$44K

$670 / participant

Investment mgmt$25K57.1%
Contract admin$19K42.9%

% of EOY assets

0.406%

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: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,796

$79,955+28.6%

$98,461+4.4%

$75,173+36.7%

Participation rate

100.0%

70.4%+29.6pp

75.2%+24.8pp

67.2%+32.8pp

Annual return

12.90%

19.75%-6.8pp

21.17%-8.3pp

160.72%-147.8pp

Employer contribution / active EE

$6,818

$2,264+201.1%

$3,049+123.6%

$2,671+155.3%

Participant deferral / active EE

$5,525

$3,752+47.2%

$4,738+16.6%

$4,126+33.9%

Admin fee / account holder

$417

$6,841-93.9%

$8,961-95.3%

$5,651-92.6%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC3 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27

1099 HINGHAM STREET 3RD FLOOR · ROCKLAND, MA 02370

Advisory (Plan)

$25,215

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$17,067

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