Retirement plan

THE TRUSTEES OF RESERVATIONS 401(K) RETIREMENT PLAN

Name: THE TRUSTEES OF RESERVATIONS - THE TRUSTEES OF RESERVATIONS 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: THE TRUSTEES OF RESERVATIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE TRUSTEES OF RESERVATIONS 401(K) RETIREMENT PLAN, THE TRUSTEES OF RESERVATIONS

THE TRUSTEES OF RESERVATIONSEIN 04-2105780Plan #004PY 2020

200 HIGH STREET, 4TH FLOOR - BOSTON, MA 02110617-542-7696thetrustees.orgLinkedIn201-500 employeesmuseums and institutions

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed December 16, 2019

Plan administrator

Plan administrator name— Sign in and upgrade to view

200 HIgh St., 4th Floor

Boston, MA 02110

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Plans declared (1)

Plan name not on file7 emp

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Total assets (EOY)

$18.8M

+25.7% from 2019

Total participants

396

+1.3% from 2019

Average account balance

$55,229

+26.4% from 2019

Annual return

21.16%

-7.20 pp from 2019

Benchmarks

See 615 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort615 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.47M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

382

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.

64.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$142

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 1 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK6+ years Service code 27 · EIN 04-2675571	Advisory (Plan)	$52,117

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$52K

$202 / participant

Other / not subdivided$52K100.0%

% of EOY assets

0.279%

all-in expense ratio

Categories reported

0 / 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: AAFCPAS, INC.
Auditor EIN: 042571780
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,229

$56,152-1.6%

$185,861-70.3%

$73,412-24.8%

Participation rate

78.8%

67.6%+11.3pp

78.0%+0.8pp

72.2%+6.7pp

Annual return

21.16%

17.59%+3.6pp

35.96%-14.8pp

59.30%-38.1pp

Employer contribution / active EE

$2,314

$1,532+51.1%

$4,088-43.4%

$2,234+3.6%

Participant deferral / active EE

$5,509

$3,659+50.6%

$5,634-2.2%

$3,806+44.8%

Admin fee / account holder

$154

$132+16.6%

$9,503-98.4%

$158-2.5%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK6+ years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$52,117

THE TRUSTEES OF RESERVATIONS 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE TRUSTEES OF RESERVATIONS 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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