Retirement plan

EMPLOYEE BENEFIT PLAN OF COLLEGE BOUND DORCHESTER, INC.

Name: COLLEGE BOUND DORCHESTER, INC. - EMPLOYEE BENEFIT PLAN OF COLLEGE BOUND DORCHESTER, INC. (2022) Form 5500
Creator: COLLEGE BOUND DORCHESTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF COLLEGE BOUND DORCHESTER, INC., COLLEGE BOUND DORCHESTER, INC.

COLLEGE BOUND DORCHESTER, INC.EIN 04-2383512Plan #002PY 2022

275 E COTTAGE ST - DORCHESTER, MA 021251708617-282-5034

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$812K

-17.3% from 2021

Total participants

+2.3% from 2021

Average account balance

$18,895

-15.4% from 2021

Annual return

-18.18%

-30.51 pp from 2021

Benchmarks

See 6,945 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,945 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$935K

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

487.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$66K

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

+13.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1832

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

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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 codes2G3D2J2T

Plan features

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.
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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$71K

$7933 / participant

Other / not subdivided$71K100.0%

% of EOY assets

8.787%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,895

$67,331-71.9%

$60,874-69.0%

$134,475-85.9%

Participation rate

77.8%

76.2%+1.6pp

73.1%+4.7pp

81.2%-3.4pp

Annual return

-18.18%

49.93%-68.1pp

16.90%-35.1pp

417.96%-436.1pp

Employer contribution / active EE

$3,096-100.0%

$2,701-100.0%

$4,740-100.0%

Participant deferral / active EE

$8,835

$4,538+94.7%

$3,817+131.5%

$6,400+38.0%

Admin fee / account holder

$1,660

$4,582-63.8%

$3,224-48.5%

$11,426-85.5%

EMPLOYEE BENEFIT PLAN OF COLLEGE BOUND DORCHESTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF COLLEGE BOUND DORCHESTER, 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