Retirement plan

BUTCHER BOY MEAT MARKET, INC. RETIREMENT PLAN

Name: BUTCHER BOY MEAT MARKET, INC. - BUTCHER BOY MEAT MARKET, INC. RETIREMENT PLAN (2016) Form 5500
Creator: BUTCHER BOY MEAT MARKET, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUTCHER BOY MEAT MARKET, INC. RETIREMENT PLAN, BUTCHER BOY MEAT MARKET, INC.

BUTCHER BOY MEAT MARKET, INC.EIN 04-2283394Plan #001PY 2016

1077 OSGOOD ST - NORTH ANDOVER, MA 018451003978-688-1511LinkedIn11-50 employeeslegal services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.2M

+7.8% from 2015

Total participants

+3.3% from 2015

Average account balance

$138,996

+11.5% from 2015

Annual return

8.50%

+9.98 pp from 2015

Benchmarks

See 9,492 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,492 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.71M

Not enough data

1 years with asset history on file

Average account balance

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

$270K

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.

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.

131.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$771K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8399

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 codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$720K

$10288 / participant

Other / not subdivided$720K100.0%

% of EOY assets

5.887%

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

$138,996

$48,364+187.4%

$71,796+93.6%

$62,881+121.0%

Participation rate

91.4%

60.6%+30.8pp

69.1%+22.3pp

69.3%+22.1pp

Annual return

8.50%

13.16%-4.7pp

78.04%-69.5pp

20.14%-11.6pp

Employer contribution / active EE

$6,694

$1,042+542.5%

$1,924+247.9%

$2,281+193.5%

Participant deferral / active EE

$2,200

$2,091+5.2%

$2,794-21.3%

$3,203-31.3%

Admin fee / account holder

$8,183

$3,771+117.0%

$4,815+70.0%

$4,296+90.5%

BUTCHER BOY MEAT MARKET, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUTCHER BOY MEAT MARKET, INC. 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