Retirement plan

MASSACHUSETTS BAR ASSOCIATION RETIREMENT AND 401(K) PLAN

Name: MASSACHUSETTS BAR ASSOCIATION - MASSACHUSETTS BAR ASSOCIATION RETIREMENT AND 401(K) PLAN (2018) Form 5500
Creator: MASSACHUSETTS BAR ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASSACHUSETTS BAR ASSOCIATION RETIREMENT AND 401(K) PLAN, MASSACHUSETTS BAR ASSOCIATION

MASSACHUSETTS BAR ASSOCIATIONEIN 04-1589785Plan #003PY 2018

20 WEST STREET - BOSTON, MA 02111617-338-0500massbar.orgLinkedIn11-50 employeeslegal services

Other plans on this EIN

1 filing

#002Retirement-$5.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.1M

-4.2% from 2017

Total participants

+1.8% from 2017

Average account balance

$89,044

-5.9% from 2017

Annual return

-5.63%

-19.51 pp from 2017

Benchmarks

See 25,535 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,535 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.55M

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

162.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$381K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+10.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10510

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$252K

$7198 / participant

Other / not subdivided$252K100.0%

% of EOY assets

4.964%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,044

$77,817+14.4%

$123,553-27.9%

$64,173+38.8%

Participation rate

100.0%

74.7%+25.3pp

82.3%+17.7pp

69.6%+30.4pp

Annual return

-5.63%

12.49%-18.1pp

119.21%-124.8pp

7.63%-13.3pp

Employer contribution / active EE

$2,856

$3,014-5.3%

$4,628-38.3%

$2,381+19.9%

Participant deferral / active EE

$6,303

$5,240+20.3%

$6,426-1.9%

$3,470+81.6%

Admin fee / account holder

$4,420

$5,519-19.9%

$9,284-52.4%

$4,887-9.6%

MASSACHUSETTS BAR ASSOCIATION RETIREMENT AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MASSACHUSETTS BAR ASSOCIATION RETIREMENT AND 401(K) 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