Retirement plan

HAIR CLUB FOR MEN OF BOSTON, LTD. PROFIT SHARING PLAN

Name: HAIR CLUB FOR MEN OF BOSTON, LTD. - HAIR CLUB FOR MEN OF BOSTON, LTD. PROFIT SHARING PLAN (2015) Form 5500
Creator: HAIR CLUB FOR MEN OF BOSTON, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAIR CLUB FOR MEN OF BOSTON, LTD. PROFIT SHARING PLAN, HAIR CLUB FOR MEN OF BOSTON, LTD.

HAIR CLUB FOR MEN OF BOSTON, LTD.EIN 04-2731456Plan #001PY 2015

639 GRANITE STREET, SUITE 301 - BRAINTREE, MA 02184781-849-9747LinkedIn1-10 employeesconsumer services

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.6M

No prior year

Total participants

181

No prior year

Average account balance

$30,560

No prior year

Annual return

-1.57%

No prior year

Benchmarks

See 1,412 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,412 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.40M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

124

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.

66.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$474K

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

+13.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN HANCOCK USA Service code 15 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$25,068

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$26K

$154 / participant

Investment mgmt$25K96.3%
Other / not subdivided$9703.7%

% of EOY assets

0.728%

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: SAMET & COMPANY, P.C.
Auditor EIN: 043027605
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,560

$41,854-27.0%

$73,835-58.6%

$52,331-41.6%

Participation rate

62.1%

66.2%-4.1pp

73.4%-11.3pp

68.1%-6.0pp

Annual return

-1.57%

2.11%-3.7pp

2268.13%-2269.7pp

4.54%-6.1pp

Employer contribution / active EE

$365

$1,920-81.0%

$2,788-86.9%

$1,882-80.6%

Participant deferral / active EE

$1,510

$2,498-39.5%

$3,583-57.8%

$3,022-50.0%

Admin fee / account holder

$223

$493-54.8%

$4,880-95.4%

$592-62.4%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN HANCOCK USA

Service code 15

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$25,068

HAIR CLUB FOR MEN OF BOSTON, LTD. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAIR CLUB FOR MEN OF BOSTON, LTD. PROFIT SHARING 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