Retirement plan

BAY STATE COMMUNITY SERVICES, INC. RETIREMENT PLAN

Name: BAY STATE COMMUNITY SERVICES, INC. - BAY STATE COMMUNITY SERVICES, INC. RETIREMENT PLAN (2015) Form 5500
Creator: BAY STATE COMMUNITY SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAY STATE COMMUNITY SERVICES, INC. RETIREMENT PLAN, BAY STATE COMMUNITY SERVICES, INC.

BAY STATE COMMUNITY SERVICES, INC.EIN 04-2468492Plan #001PY 2015

1120 HANCOCK STREET - QUINCY, MA 02169617-471-8400baystatecs.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.6M

No prior year

Total participants

411

No prior year

Average account balance

$13,581

No prior year

Annual return

3.84%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.75M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

350

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.

53.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$942K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+20.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$57

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO1+ years Filed as: AMERICAN UNITED LIFE INSURANCE CO. Service code 15 · EIN 35-0145825	Recordkeeping	$16,809
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Filed as: VOYA MUTUAL FUNDS Service code 28 · EIN 95-4516049	Investment Management	$0
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 60 · EIN 71-0294708	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2L2G2K

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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$9K

$26 / participant

Contract admin$9K100.0%

% of EOY assets

0.334%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: O'CONNOR & DREW P.C.
Auditor EIN: 043000523
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,581

$37,117-63.4%

$147,618-90.8%

$55,191-75.4%

Participation rate

35.0%

63.6%-28.6pp

84.6%-49.6pp

69.2%-34.1pp

Annual return

3.84%

3.44%+0.4pp

61.98%-58.1pp

10.78%-6.9pp

Employer contribution / active EE

$239

$1,620-85.2%

$5,565-95.7%

$1,899-87.4%

Participant deferral / active EE

$958

$1,985-51.7%

$4,895-80.4%

$3,046-68.6%

Admin fee / account holder

$45

$86-47.0%

$11,612-99.6%

$91-50.0%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO1+ years

Filed as: AMERICAN UNITED LIFE INSURANCE CO.

Service code 15 · EIN 35-0145825

Recordkeeping

$16,809

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Filed as: VOYA MUTUAL FUNDS

Service code 28 · EIN 95-4516049

Investment Management

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 60 · EIN 71-0294708

Sub-TA Fees

BAY STATE COMMUNITY SERVICES, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAY STATE COMMUNITY SERVICES, 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