Retirement plan

NORTHEAST SECURITY, INC 401(K) PROFIT SHARING PLAN

Name: NORTHEAST SECURITY, INC. - NORTHEAST SECURITY, INC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: NORTHEAST SECURITY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHEAST SECURITY, INC 401(K) PROFIT SHARING PLAN, NORTHEAST SECURITY, INC.

NORTHEAST SECURITY, INC.EIN 04-2432920Plan #001PY 2024

265 WASHINGTON STREET - WESTWOOD, MA 02090617-264-1216nesecurity.comLinkedIn1001-5000 employeessecurity and investigations

Prospect flagsLow returnsHigh feesLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$3.3M

+21.5% from 2023

Total participants

2,141

+5.8% from 2023

Average account balance

$31,025

+39.9% from 2023

Annual return

9.38%

-11.98 pp from 2023

Benchmarks

See 385 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort385 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.29M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

106

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.

3.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$531K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$251

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

+9.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$357

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 2 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.3 years Service code 15 · EIN 23-1945930	Recordkeeping	$23,346
CAPFINANCIAL PARTNERS LLC2 years Service code 27 · EIN 26-0058143	Advisory (Plan)	$14,487

Plan features & details

Pension benefit codes2E3D2G2J2F2T

Plan features

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.
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

5 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$38K

$18 / participant

Investment mgmt$14K38.3%
Contract admin$23K61.7%

% of EOY assets

1.150%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,025

$45,022-31.1%

$85,240-63.6%

$200,096-84.5%

Participation rate

3.8%

45.8%-42.1pp

67.5%-63.7pp

72.0%-68.2pp

Annual return

9.38%

21.00%-11.6pp

66.75%-57.4pp

34.26%-24.9pp

Employer contribution / active EE

$1,374-100.0%

$2,735-100.0%

$3,038-100.0%

Participant deferral / active EE

$251

$2,682-90.6%

$4,527-94.5%

$5,090-95.1%

Admin fee / account holder

$357

$585-39.0%

$6,165-94.2%

$269+32.5%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3 years

Service code 15 · EIN 23-1945930

Recordkeeping

$23,346

CAPFINANCIAL PARTNERS LLC2 years

Service code 27 · EIN 26-0058143

Advisory (Plan)

$14,487

NORTHEAST SECURITY, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHEAST SECURITY, INC 401(K) PROFIT SHARING 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