Retirement plan

MASSACHUSETTS CAPITAL RESOURCE COMPANY 401(K) PLAN

Name: MASSACHUSETTS CAPITAL RESOURCE COMPANY - MASSACHUSETTS CAPITAL RESOURCE COMPANY 401(K) PLAN (2023) Form 5500
Creator: MASSACHUSETTS CAPITAL RESOURCE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MASSACHUSETTS CAPITAL RESOURCE COMPANY 401(K) PLAN, MASSACHUSETTS CAPITAL RESOURCE COMPANY

MASSACHUSETTS CAPITAL RESOURCE COMPANYEIN 04-2631257Plan #002PY 2023

420 BOYLSTON STREET - BOSTON, MA 02116410-627-9148masscapital.comLinkedIn1-10 employeesfinancial services

Other plans on this EIN

1 filing

#001Retirement-$7.4M assets

Prospect flagsHigh assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$4.2M

+21.9% from 2022

Total participants

+9.1% from 2022

Average account balance

$419,243

+21.9% from 2022

Annual return

16.71%

+32.29 pp from 2022

Benchmarks

See 36,165 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,165 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.71M

Not enough data

1 years with asset history on file

Average account balance

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

$571K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$161K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4683

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 codes2E2F2G2J2T3D

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$250

$25 / participant

Other / not subdivided$250100.0%

% of EOY assets

0.006%

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

$419,243

$185,883+125.5%

$170,043+146.6%

$139,466+200.6%

Participation rate

80.0%

87.8%-7.8pp

87.0%-7.0pp

80.3%-0.3pp

Annual return

16.71%

60.54%-43.8pp

53.40%-36.7pp

373.66%-357.0pp

Employer contribution / active EE

$7,596-100.0%

$6,790-100.0%

$4,754-100.0%

Participant deferral / active EE

$17,942

$11,626+54.3%

$10,410+72.4%

$6,712+167.3%

Admin fee / account holder

$25

$15,393-99.8%

$12,824-99.8%

$11,409-99.8%

MASSACHUSETTS CAPITAL RESOURCE COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MASSACHUSETTS CAPITAL RESOURCE COMPANY 401(K) 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