Retirement plan

EMPLOYEES' PROFIT SHARING PLAN AND TRUST OF BOCH ENTERPRISES

Name: BOCH ENTERPRISES - EMPLOYEES' PROFIT SHARING PLAN AND TRUST OF BOCH ENTERPRISES (2016) Form 5500
Creator: BOCH ENTERPRISES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEES' PROFIT SHARING PLAN AND TRUST OF BOCH ENTERPRISES, BOCH ENTERPRISES

BOCH ENTERPRISESEIN 04-2050016Plan #001PY 2016

111 MORSE STREET - NORWOOD, MA 020624623781-255-6337bochelectriccar.comLinkedIn51-200 employeesautomotive

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$27.7M

+6.2% from 2015

Total participants

313

-20.6% from 2015

Average account balance

$90,246

+33.8% from 2015

Annual return

7.50%

+54.67 pp from 2015

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.27M

Not enough data

1 years with asset history on file

Average account balance

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

$157K

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.

269

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$440

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
JOHN HANCOCK LIFE INSURANCE COMPANY2+ years Filed as: JOHN T. MILES, JR. Service code 16 10 RIVER RIDGE DR · NORWOOD, MA 02062	Consulting	$25,990
MSI FINANCIAL SERVICES INC.1 year Filed as: MSI FINANCIAL SERVICES Service code 55 1295 STATE ST MIP E410 · SPRINGFIELD, MA 01111	Other Commissions	$9,208
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2H2J2S2T

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$26K

$154 / participant

Investment mgmt$26K100.0%

% of EOY assets

0.094%

all-in expense ratio

Categories reported

1 / 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: O'CONNOR & DREW
Auditor EIN: 043000523
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,246

$63,924+41.2%

$108,582-16.9%

$55,167+63.6%

Participation rate

96.4%

74.3%+22.1pp

79.6%+16.9pp

69.0%+27.5pp

Annual return

7.50%

15.31%-7.8pp

-51.70%+59.2pp

169.23%-161.7pp

Employer contribution / active EE

$3,328

$1,879+77.1%

$3,758-11.5%

$1,963+69.6%

Participant deferral / active EE

$4,947

$3,067+61.3%

$4,311+14.8%

$3,054+62.0%

Admin fee / account holder

$85

$618-86.3%

$7,645-98.9%

$504-83.2%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2+ years

Filed as: JOHN T. MILES, JR.

Service code 16

10 RIVER RIDGE DR · NORWOOD, MA 02062

Consulting

$25,990

MSI FINANCIAL SERVICES INC.1 year

Filed as: MSI FINANCIAL SERVICES

Service code 55

1295 STATE ST MIP E410 · SPRINGFIELD, MA 01111

Other Commissions

$9,208

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

EMPLOYEES' PROFIT SHARING PLAN AND TRUST OF BOCH ENTERPRISES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEES' PROFIT SHARING PLAN AND TRUST OF BOCH ENTERPRISES

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