Retirement plan

BSA-ILA RETIREMENT ACCOUNT PLAN

Name: BSA-ILA RETIREMENT ACCOUNT PLAN - BSA-ILA RETIREMENT ACCOUNT PLAN (2020) Form 5500
Creator: BSA-ILA RETIREMENT ACCOUNT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BSA-ILA RETIREMENT ACCOUNT PLAN, BSA-ILA RETIREMENT ACCOUNT PLAN

BSA-ILA RETIREMENT ACCOUNT PLANEIN 04-2034907Plan #002PY 2020

CHARLESTOWN NAVY YARD, 197 8TH ST, STE 775 - CHARLESTOWN, MA 021294208617-242-3303bostonshippingassoc.comLinkedIn1-10 employees

Other plans on this EIN

2 filings

#006Retirement-$102.0M assets #001Retirement-$983K assets

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$39.4M

+16.4% from 2019

Total participants

441

+1.4% from 2019

Average account balance

$98,124

+13.5% from 2019

Annual return

12.80%

+9.21 pp from 2019

Benchmarks

See 659 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort659 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$52.82M

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

391

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.

89.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+27.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$282

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVESTMENT INSTL OPERATION Service code 27 · EIN 04-2647786 FIDELITY INVESTMENTS INTL OPERATION · BOSTON, MA 02110	Advisory (Plan)	$71,806
RUSSELL, BRIER & CO. LLP5+ years Service code 99 · EIN 04-1796830 TEN POST OFFICE SQUARE · BOSTON, MA 02109	Other Fees	$23,825
BOSTON SHIPPING ASSOC.5+ years Service code 13 · EIN 04-2034907 197 8TH STREET, SUITE 775 · CHARLESTOWN, MA 02129	Contract Administrator	$5,836

Plan features & details

Pension benefit codes2C2J

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.

Opportunity flags

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$109K

$273 / participant

Investment mgmt$73K66.6%
Contract admin$6K5.3%
Other / not subdivided$31K28.0%

% of EOY assets

0.277%

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: WALTER & SHUFFAIN, P.C.
Auditor EIN: 043236498
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,124

$51,288+91.3%

$81,982+19.7%

$73,412+33.7%

Participation rate

90.3%

64.0%+26.3pp

69.3%+21.0pp

72.2%+18.1pp

Annual return

12.80%

29.48%-16.7pp

41.31%-28.5pp

59.30%-46.5pp

Employer contribution / active EE

$4,147

$1,487+178.9%

$2,498+66.0%

$2,234+85.7%

Participant deferral / active EE

$2,715-100.0%

$3,722-100.0%

$3,806-100.0%

Admin fee / account holder

$272

$125+117.1%

$5,665-95.2%

$158+72.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVESTMENT INSTL OPERATION

Service code 27 · EIN 04-2647786

FIDELITY INVESTMENTS INTL OPERATION · BOSTON, MA 02110

Advisory (Plan)

$71,806

RUSSELL, BRIER & CO. LLP5+ years

Service code 99 · EIN 04-1796830

TEN POST OFFICE SQUARE · BOSTON, MA 02109

Other Fees

$23,825

BOSTON SHIPPING ASSOC.5+ years

Service code 13 · EIN 04-2034907

197 8TH STREET, SUITE 775 · CHARLESTOWN, MA 02129

Contract Administrator

$5,836

BSA-ILA RETIREMENT ACCOUNT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BSA-ILA RETIREMENT ACCOUNT 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