Retirement plan

BAY STATE COMMUNITY SERVICES, INC. RETIREMENT PLAN

Name: BAY STATE COMMUNITY SERVICES, INC. - BAY STATE COMMUNITY SERVICES, INC. RETIREMENT PLAN (2017) 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 2017

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3.5M

+18.7% from 2016

Total participants

364

-9.7% from 2016

Average account balance

$31,255

+85.5% from 2016

Annual return

15.92%

+8.94 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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 5 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO2 years Service code 52	Indirect Investment Fees	$0
AMERICAN UNITED LIFE INSURANCE CO3+ years Filed as: AMERICAN UNITED LIFE INSURANCE CO. Service code 37 · EIN 35-0145825	Loan Processing	$0
EPIC RETIREMENT PLAN SERVICES2 years Filed as: CORNERSTONE RETIREMENT PLAN Service code 26 · EIN 27-1207016 931 JEFFERSON BLVD · WARWICK, RI 02886	Advisory (Participants)	$0
GLOBAL RETIREMENT PARTNERS LLC2 years Filed as: GLOBAL RETIREMENT PARTNERS Service code 26 · EIN 47-1411118	Advisory (Participants)	$0
VOYA RETIREMENT INSURANCE & ANNUITY3+ 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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$15K

$42 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.423%

all-in expense ratio

Categories reported

0 / 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

$31,255

$46,173-32.3%

$170,435-81.7%

$69,631-55.1%

Participation rate

28.2%

63.9%-35.7pp

83.6%-55.4pp

70.7%-42.5pp

Annual return

15.92%

21.62%-5.7pp

205.94%-190.0pp

27571.02%-27555.1pp

Employer contribution / active EE

$246

$1,610-84.7%

$5,432-95.5%

$2,032-87.9%

Participant deferral / active EE

$958

$2,080-54.0%

$4,939-80.6%

$3,224-70.3%

Admin fee / account holder

$132

$116+13.9%

$13,881-99.0%

$110+19.6%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO2 years

Service code 52

Indirect Investment Fees

AMERICAN UNITED LIFE INSURANCE CO3+ years

Filed as: AMERICAN UNITED LIFE INSURANCE CO.

Service code 37 · EIN 35-0145825

Loan Processing

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: CORNERSTONE RETIREMENT PLAN

Service code 26 · EIN 27-1207016

931 JEFFERSON BLVD · WARWICK, RI 02886

Advisory (Participants)

GLOBAL RETIREMENT PARTNERS LLC2 years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 26 · EIN 47-1411118

Advisory (Participants)

VOYA RETIREMENT INSURANCE & ANNUITY3+ 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