Retirement plan

THE JOSLIN DIABETES CENTER, INC. DEFINED CONTRIBUTION RETIREMENT PLAN

Name: JOSLIN DIABETES CENTER, INC. - THE JOSLIN DIABETES CENTER, INC. DEFINED CONTRIBUTION RETIREMENT PLAN (2024) Form 5500
Creator: JOSLIN DIABETES CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE JOSLIN DIABETES CENTER, INC. DEFINED CONTRIBUTION RETIREMENT PLAN, JOSLIN DIABETES CENTER, INC.

JOSLIN DIABETES CENTER, INC.EIN 04-2203836Plan #001PY 2024

1 JOSLIN PLACE - BOSTON, MA 02215617-309-2595joslin.orgLinkedIn501-1000 employeeshospital & health care

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$193.1M

+6.9% from 2023

Total participants

1,387

+0.1% from 2023

Average account balance

$149,362

+7.6% from 2023

Annual return

14.11%

-1.88 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$193.12M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

1,293

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.

75.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$51

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 5 by compensation

Provider	Service type	Compensation
GALLAGHER FIDUCIARY ADVISORS, LLC3 years Filed as: GALLAGHER FIDUCIARY SERVICES LLC Service code 27 · EIN 36-4291971	Advisory (Plan)	$37,500
CARON & BLETZER, PLLC8 years Service code 10 · EIN 04-3499945	Accounting	$13,600
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 50 · EIN 04-2647786	Direct Payment	$10,382
TIAA9 years Service code 15 · EIN 13-1624203	Recordkeeping	$4,150
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INV. INS. OPS. CO. LLC. Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2F2G2L2M2R2S2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$66K

$172 / participant

Recordkeeping$4K6.0%
Investment mgmt$45K68.7%
Contract admin$3K4.6%
Other / not subdivided$14K20.7%

% of EOY assets

0.034%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: $13,600
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$149,362

$50,919+193.3%

$155,556-4.0%

$77,762+92.1%

Participation rate

75.4%

63.1%+12.3pp

78.2%-2.8pp

70.6%+4.8pp

Annual return

14.11%

34.84%-20.7pp

64.84%-50.7pp

31.27%-17.2pp

Employer contribution / active EE

$2,349

$1,991+17.9%

$4,675-49.8%

$2,728-13.9%

Participant deferral / active EE

$4,760

$2,824+68.5%

$5,631-15.5%

$4,651+2.3%

Admin fee / account holder

$51

$437-88.4%

$15,885-99.7%

$433-88.3%

Provider

Service type

Compensation

GALLAGHER FIDUCIARY ADVISORS, LLC3 years

Filed as: GALLAGHER FIDUCIARY SERVICES LLC

Service code 27 · EIN 36-4291971

Advisory (Plan)

$37,500

CARON & BLETZER, PLLC8 years

Service code 10 · EIN 04-3499945

Accounting

$13,600

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 50 · EIN 04-2647786

Direct Payment

$10,382

TIAA9 years

Service code 15 · EIN 13-1624203

Recordkeeping

$4,150

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INV. INS. OPS. CO. LLC.

Service code 60

Sub-TA Fees

THE JOSLIN DIABETES CENTER, INC. DEFINED CONTRIBUTION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE JOSLIN DIABETES CENTER, INC. DEFINED CONTRIBUTION RETIREMENT 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