Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COLLEGE BOUND DORCHESTER, INC.

Name: COLLEGE BOUND DORCHESTER, INC. - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COLLEGE BOUND DORCHESTER, INC. (2024) Form 5500
Creator: COLLEGE BOUND DORCHESTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COLLEGE BOUND DORCHESTER, INC., COLLEGE BOUND DORCHESTER, INC.

COLLEGE BOUND DORCHESTER, INC.EIN 04-2383512Plan #002PY 2024

222 BOWDOIN ST - DORCHESTER, MA 02122617-894-0436

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$935K

+13.0% from 2023

Total participants

-7.0% from 2023

Average account balance

$23,986

+21.7% from 2023

Annual return

13.63%

-0.71 pp from 2023

Benchmarks

See 8,052 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort8,052 peers

Snapshot2024

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

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

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 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

$8929 / participant

Other / not subdivided$71K100.0%

% of EOY assets

7.636%

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

$23,986

$72,446-66.9%

$67,561-64.5%

$145,877-83.6%

Participation rate

87.5%

76.9%+10.6pp

72.9%+14.6pp

80.3%+7.2pp

Annual return

13.63%

7211.98%-7198.4pp

3525.44%-3511.8pp

551.28%-537.7pp

Employer contribution / active EE

$3,072-100.0%

$2,735-100.0%

$4,663-100.0%

Participant deferral / active EE

$8,195

$4,785+71.3%

$4,003+104.7%

$6,691+22.5%

Admin fee / account holder

$1,832

$5,541-66.9%

$4,006-54.3%

$13,402-86.3%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF COLLEGE BOUND DORCHESTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES 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