Retirement plan

N E AQUARIUM EMPLOYEE RETIREMENT SAVINGS PLAN

Name: NEW ENGLAND AQUARIUM CORPORATION - N E AQUARIUM EMPLOYEE RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: NEW ENGLAND AQUARIUM CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, N E AQUARIUM EMPLOYEE RETIREMENT SAVINGS PLAN, NEW ENGLAND AQUARIUM CORPORATION

NEW ENGLAND AQUARIUM CORPORATIONEIN 04-2297514Plan #005PY 2020

CENTRAL WHARF - BOSTON, MA 02110617-973-5200neaq.orgLinkedIn201-500 employeesmuseums and institutions

Other plans on this EIN

2 filings

#007Retirement-$20.0M assets #001Retirement-$6.1M assets

Prospect flagsLow returnsLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$15.6M

-9.6% from 2019

Total participants

320

-27.6% from 2019

Average account balance

$62,826

+1.3% from 2019

Annual return

11.35%

-11.82 pp from 2019

Benchmarks

See 554 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort554 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.36M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

242

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.

58.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$318K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$207

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 5 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER5 years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$48,867
NUTTER, MCCLENNEN &FISH, LLP1 year Service code 15 · EIN 04-2106505	Recordkeeping	$4,450
RELIANCE TRUST COMPANY4 years Filed as: RELIANCE TRUST Service code 21	Bank Trustee	$296
ADP BROKER-DEALER6+ years Filed as: ADP BROKER DEALER Service code 59	Shareholder Servicing	$0
ADP BROKER-DEALER6+ years Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2K3F2A2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$53K

$264 / participant

Other / not subdivided$53K100.0%

% of EOY assets

0.341%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON AND BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,826

$53,901+16.6%

$134,162-53.2%

$73,497-14.5%

Participation rate

64.9%

62.8%+2.0pp

72.2%-7.3pp

70.7%-5.8pp

Annual return

11.35%

15.82%-4.5pp

36.35%-25.0pp

28.51%-17.2pp

Employer contribution / active EE

$1,897

$1,458+30.1%

$3,705-48.8%

$2,270-16.5%

Participant deferral / active EE

$396

$2,739-85.5%

$3,500-88.7%

$3,740-89.4%

Admin fee / account holder

$214

$581-63.1%

$6,685-96.8%

$513-58.3%

Provider

Service type

Compensation

ADP BROKER-DEALER5 years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$48,867

NUTTER, MCCLENNEN &FISH, LLP1 year

Service code 15 · EIN 04-2106505

Recordkeeping

$4,450

RELIANCE TRUST COMPANY4 years

Filed as: RELIANCE TRUST

Service code 21

Bank Trustee

$296

ADP BROKER-DEALER6+ years

Filed as: ADP BROKER DEALER

Service code 59

Shareholder Servicing

ADP BROKER-DEALER6+ years

Service code 59

Shareholder Servicing

N E AQUARIUM EMPLOYEE RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

N E AQUARIUM EMPLOYEE RETIREMENT SAVINGS 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