Retirement plan

NEW ENGLAND BIOLABS, INC. 401(K) PLAN

Name: NEW ENGLAND BIOLABS, INC. - NEW ENGLAND BIOLABS, INC. 401(K) PLAN (2017) Form 5500
Creator: NEW ENGLAND BIOLABS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW ENGLAND BIOLABS, INC. 401(K) PLAN, NEW ENGLAND BIOLABS, INC.

NEW ENGLAND BIOLABS, INC.EIN 04-2631963Plan #004PY 2017

240 COUNTY ROAD - IPSWICH, MA 019382723978-380-7485neb.comLinkedIn501-1000 employeesbiotechnology

Other plans on this EIN

1 filing

#003Retirement-$266.8M assets

Prospect flagsLow returnsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$115.7M

-13.5% from 2017

Total participants

409

-3.2% from 2017

Average account balance

$311,028

-6.5% from 2017

Annual return

12.25%

+30.61 pp from 2017

Benchmarks

See 1,152 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,152 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$139.19M

Not enough data

1 years with asset history on file

Average account balance

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

$251K

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.

555

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.

89.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+21.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$254

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
MORGAN STANLEY SMITH BARNEY1 year Filed as: GRAYSTONE MORGAN STANLEY Service code 26 35 VILLAGE ROAD, STE 601 · MIDDLETON, MA 01949	Advisory (Participants)	$60,000
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$15,225
THE BANK OF NEW YORK MELLON2+ years Filed as: PERSHING, LLC Service code 33 · EIN 13-2741729	Direct payment from the plan; Account...	$14,198
CARON & BLETZER, PLLC2+ years Filed as: CARON & BLETZER Service code 10 · EIN 04-3499945	Accounting	$8,000
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 26-4310632	Advisory (Plan)	$19

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$104K

$269 / participant

Contract admin$104K100.0%

% of EOY assets

0.090%

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: CARON & BLETZER, PLLC
Auditor EIN: 143499945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$311,028

$75,284+313.1%

$91,004+241.8%

$69,634+346.7%

Participation rate

90.4%

80.4%+10.0pp

75.6%+14.8pp

70.7%+19.8pp

Annual return

12.25%

48.40%-36.2pp

4.60%+7.6pp

27572.26%-27560.0pp

Employer contribution / active EE

$7,757

$2,473+213.7%

$2,456+215.9%

$2,032+281.7%

Participant deferral / active EE

$12,037

$3,700+225.4%

$3,548+239.3%

$3,224+273.4%

Admin fee / account holder

$280

$111+153.2%

$5,417-94.8%

$110+153.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: GRAYSTONE MORGAN STANLEY

Service code 26

35 VILLAGE ROAD, STE 601 · MIDDLETON, MA 01949

Advisory (Participants)

$60,000

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$15,225

THE BANK OF NEW YORK MELLON2+ years

Filed as: PERSHING, LLC

Service code 33 · EIN 13-2741729

Direct payment from the plan; Account...

$14,198

CARON & BLETZER, PLLC2+ years

Filed as: CARON & BLETZER

Service code 10 · EIN 04-3499945

Accounting

$8,000

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 26-4310632

Advisory (Plan)

$19

NEW ENGLAND BIOLABS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW ENGLAND BIOLABS, INC. 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