Retirement plan

CONSTRUCTION INDUSTRIES OF MASSACHUSETTS, INC. MONEY PURCHASE PENSION PLAN & TRUST

Name: CONSTRUCTION INDUSTRIES OF MASSACHUSETTS, INC. - CONSTRUCTION INDUSTRIES OF MASSACHUSETTS, INC. MONEY PURCHASE PENSION PLAN & TRUST (2024) Form 5500
Creator: CONSTRUCTION INDUSTRIES OF MASSACHUSETTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONSTRUCTION INDUSTRIES OF MASSACHUSETTS, INC. MONEY PURCHASE PENSION PLAN & TRUST, CONSTRUCTION INDUSTRIES OF MASSACHUSETTS, INC.

CONSTRUCTION INDUSTRIES OF MASSACHUSETTS, INC.EIN 04-2531283Plan #002PY 2024

1500 PROVIDENCE HIGHWAY, SUITE 14 - NORWOOD, MA 02062781-551-0182LinkedIn1-10 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$504K

-77.1% from 2023

Total participants

+40.0% from 2023

Average account balance

$71,979

-83.7% from 2023

Annual return

10.66%

-7.44 pp from 2023

Benchmarks

See 54,852 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,852 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$612K

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$72K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+11.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2554

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 codes2C2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

1 tripped

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

$2.0M

$666123 / participant

Other / not subdivided$2M100.0%

% of EOY assets

396.616%

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

$71,979

$110,337-34.8%

$102,383-29.7%

$145,877-50.7%

Participation rate

100.0%

77.9%+22.1pp

74.5%+25.5pp

80.3%+19.7pp

Annual return

10.66%

24.83%-14.2pp

24.94%-14.3pp

551.28%-540.6pp

Employer contribution / active EE

$21,122

$4,216+401.0%

$3,870+445.7%

$4,663+353.0%

Participant deferral / active EE

$5,621-100.0%

$5,060-100.0%

$6,691-100.0%

Admin fee / account holder

$285,481

$9,750+2828.1%

$8,391+3302.1%

$13,402+2030.1%

CONSTRUCTION INDUSTRIES OF MASSACHUSETTS, INC. MONEY PURCHASE PENSION PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONSTRUCTION INDUSTRIES OF MASSACHUSETTS, INC. MONEY PURCHASE PENSION PLAN & TRUST

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