Retirement plan

EMPLOYEE BENEFIT PLAN OF ELLIS MEMORIAL AND ELDREDGE HOUSE, INC.

Name: ELLIS MEMORIAL AND ELDREDGE HOUSE, INC. - EMPLOYEE BENEFIT PLAN OF ELLIS MEMORIAL AND ELDREDGE HOUSE, INC. (2020) Form 5500
Creator: ELLIS MEMORIAL AND ELDREDGE HOUSE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF ELLIS MEMORIAL AND ELDREDGE HOUSE, INC., ELLIS MEMORIAL AND ELDREDGE HOUSE, INC.

ELLIS MEMORIAL AND ELDREDGE HOUSE, INC.EIN 04-2104168Plan #001PY 2020

58 BERKELEY ST - BOSTON, MA 021166215617-695-9307ellisearlylearning.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow returnsHigh feesLow assets / participantLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$400K

+12.1% from 2019

Total participants

-15.7% from 2019

Average account balance

$7,021

+23.9% from 2019

Annual return

9.20%

-9.24 pp from 2019

Benchmarks

See 18,636 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,636 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.02M

Not enough data

1 years with asset history on file

Average account balance

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

$6K

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.

158

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.

139.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$332K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1012

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 codes2F2G2S2T3D

Plan features

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.
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

5 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$71K

$2076 / participant

Other / not subdivided$71K100.0%

% of EOY assets

17.641%

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

$7,021

$91,167-92.3%

$178,498-96.1%

$79,858-91.2%

Participation rate

94.1%

69.2%+24.9pp

81.9%+12.2pp

69.6%+24.5pp

Annual return

9.20%

24.19%-15.0pp

151.09%-141.9pp

31.72%-22.5pp

Employer contribution / active EE

$327

$3,255-90.0%

$5,011-93.5%

$2,471-86.8%

Participant deferral / active EE

$1,804

$3,236-44.2%

$5,202-65.3%

$3,740-51.8%

Admin fee / account holder

$1,239

$6,747-81.6%

$13,985-91.1%

$5,306-76.7%

EMPLOYEE BENEFIT PLAN OF ELLIS MEMORIAL AND ELDREDGE HOUSE, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF ELLIS MEMORIAL AND ELDREDGE HOUSE, INC.

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