Retirement plan

HENRY C. NEVINS HOME INC.403(B) PLAN

Name: HENRY C. NEVINS HOME INC. - HENRY C. NEVINS HOME INC.403(B) PLAN (2024) Form 5500
Creator: HENRY C. NEVINS HOME INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HENRY C. NEVINS HOME INC.403(B) PLAN, HENRY C. NEVINS HOME INC.

HENRY C. NEVINS HOME INC.EIN 04-2676008Plan #001PY 2024

10 INGALLS COURT - METHUEN, MA 01844978-682-7611LinkedIn1-10 employeeshospital & health care

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$2.9M

+4.1% from 2023

Total participants

267

+3.1% from 2023

Average account balance

$16,054

-8.0% from 2023

Annual return

7.17%

-1.15 pp from 2023

Benchmarks

See 5,993 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,993 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.92M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

182

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.

58.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$200K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$968

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

+7.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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 3 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION1 year Filed as: LINCOLN RETIREMENT SERVICES COMPANY Service code 15 · EIN 35-0472300 PO BOX 2212 · FORT WAYNE, IN 46801	Recordkeeping	$32,817
COMPASS RETIREMENT LLC4 years Filed as: COMPASS RETIREMENT CONSULTING Service code 13 · EIN 20-4795685 118 PORTSMOUTH AVE STE A2 · STRATHAM, NH 03885	Contract Administrator	$14,525
ROYAL ALLIANCE ASSOCIATES INC3 years Filed as: ROYAL ALLIANCE ASSOCIATES Service code 27 · EIN 93-0987232 10 EXCHANGE PLACE · JERSEY CITY, NJ 07302	Advisory (Plan)	$8,772

Plan features & details

Pension benefit codes2F2G2L2T2J3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$34K

$164 / participant

Contract admin$34K100.0%

% of EOY assets

1.162%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,054

$55,470-71.1%

$155,556-89.7%

$74,478-78.4%

Participation rate

58.9%

61.9%-3.0pp

78.2%-19.3pp

67.2%-8.3pp

Annual return

7.17%

269.80%-262.6pp

64.84%-57.7pp

1370.56%-1363.4pp

Employer contribution / active EE

$2,267-100.0%

$4,675-100.0%

$2,626-100.0%

Participant deferral / active EE

$968

$2,838-65.9%

$5,631-82.8%

$4,350-77.8%

Admin fee / account holder

$186

$1,744-89.3%

$15,885-98.8%

$1,946-90.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1 year

Filed as: LINCOLN RETIREMENT SERVICES COMPANY

Service code 15 · EIN 35-0472300

PO BOX 2212 · FORT WAYNE, IN 46801

Recordkeeping

$32,817

COMPASS RETIREMENT LLC4 years

Filed as: COMPASS RETIREMENT CONSULTING

Service code 13 · EIN 20-4795685

118 PORTSMOUTH AVE STE A2 · STRATHAM, NH 03885

Contract Administrator

$14,525

ROYAL ALLIANCE ASSOCIATES INC3 years

Filed as: ROYAL ALLIANCE ASSOCIATES

Service code 27 · EIN 93-0987232

10 EXCHANGE PLACE · JERSEY CITY, NJ 07302

Advisory (Plan)

$8,772

HENRY C. NEVINS HOME INC.403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HENRY C. NEVINS HOME INC.403(B) 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