Retirement plan

MERETTA GOTHAM HINDS INSTITUTE 401(K) PROFIT SHARING PLAN & TRUST

Name: MERETTA GOTHAM HINDS INSTITUTE - MERETTA GOTHAM HINDS INSTITUTE 401(K) PROFIT SHARING PLAN & TRUST (2021) Form 5500
Creator: MERETTA GOTHAM HINDS INSTITUTE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERETTA GOTHAM HINDS INSTITUTE 401(K) PROFIT SHARING PLAN & TRUST, MERETTA GOTHAM HINDS INSTITUTE

MERETTA GOTHAM HINDS INSTITUTEEIN 04-2689296Plan #001PY 2021

300 WILDWOOD AVE - WOBURN, MA 01801781-935-3344

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.1M

-25.4% from 2020

Total participants

+15.4% from 2020

Average account balance

$16,691

-36.6% from 2020

Annual return

11.87%

-2.42 pp from 2020

Benchmarks

See 3,974 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort3,974 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.44M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

118.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$120K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1353

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$663K

$16992 / participant

Other / not subdivided$663K100.0%

% of EOY assets

59.256%

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

$16,691

$53,837-69.0%

$75,714-78.0%

$85,847-80.6%

Participation rate

79.5%

69.1%+10.4pp

74.8%+4.7pp

69.3%+10.2pp

Annual return

11.87%

24.54%-12.7pp

104.62%-92.8pp

318.61%-306.7pp

Employer contribution / active EE

$926

$2,017-54.1%

$2,744-66.3%

$2,565-63.9%

Participant deferral / active EE

$1,450

$2,895-49.9%

$3,820-62.0%

$3,952-63.3%

Admin fee / account holder

$9,891

$3,339+196.2%

$3,619+173.3%

$6,261+58.0%

MERETTA GOTHAM HINDS INSTITUTE 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERETTA GOTHAM HINDS INSTITUTE 401(K) PROFIT SHARING 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