Retirement plan

401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF ELDER SERVICES OF BERKSHIRE COUNTY, INC.

Name: ELDER SERVICES OF BERKSHIRE CO - 401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF ELDER SERVICES OF BERKSHIRE COUNTY, INC. (2024) Form 5500
Creator: ELDER SERVICES OF BERKSHIRE CO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF ELDER SERVICES OF BERKSHIRE COUNTY, INC., ELDER SERVICES OF BERKSHIRE CO

ELDER SERVICES OF BERKSHIRE COEIN 04-2542001Plan #001PY 2024

73 SOUTH CHURCH STREET - PITTSFIELD, MA 01201413-236-1721esbci.orgLinkedIn51-200 employeesnon-profit organization management

Other plans on this EIN

1 filing

#002Retirement-$4.8M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$3.7M

+22.1% from 2023

Total participants

107

+9.2% from 2023

Average account balance

$41,427

+16.6% from 2023

Annual return

15.62%

-0.43 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.69M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

129.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$250K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$629

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 codes2G2E2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

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.)

Expense breakdown

Schedule H Part II

Admin total

$56K

$812 / participant

Other / not subdivided$56K100.0%

% of EOY assets

1.519%

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

$41,427

$81,276-49.0%

$155,574-73.4%

$80,925-48.8%

Participation rate

73.9%

66.2%+7.7pp

78.2%-4.3pp

67.7%+6.3pp

Annual return

15.62%

33.36%-17.7pp

64.87%-49.2pp

35.65%-20.0pp

Employer contribution / active EE

$3,623

$3,103+16.8%

$4,676-22.5%

$2,756+31.5%

Participant deferral / active EE

$3,453-100.0%

$5,629-100.0%

$4,299-100.0%

Admin fee / account holder

$629

$7,993-92.1%

$15,914-96.0%

$6,940-90.9%

401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF ELDER SERVICES OF BERKSHIRE COUNTY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(A) PROFIT-SHARING PLAN FOR EMPLOYEES OF ELDER SERVICES OF BERKSHIRE COUNTY, 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