Retirement plan

ENERGY NORTH RETIREMENT PLAN

Name: ENERGY NORTH, INC. - ENERGY NORTH RETIREMENT PLAN (2019) Form 5500
Creator: ENERGY NORTH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENERGY NORTH RETIREMENT PLAN, ENERGY NORTH, INC.

ENERGY NORTH, INC.EIN 04-2748522Plan #001PY 2019

2 INTERNATIONAL WAY - LAWRENCE, MA 01843978-640-1100LinkedIn51-200 employees

Prospect flagsLow participationRecently reached 100 employees

How to read this page

Total assets (EOY)

$10.4M

+144.8% from 2018

Total participants

544

+150.7% from 2018

Average account balance

$51,594

-27.3% from 2018

Annual return

126.16%

+123.03 pp from 2018

Benchmarks

See 263 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort263 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.69M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

437

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.

38.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+18.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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
NATIONWIDE5+ years Filed as: NATIONWIDE TRUST COMPANY Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$22,339
SUMMIT FINANCIAL CORPORATION5+ years Service code 13 · EIN 04-3222046 700 DISTRICT AVENUE · BURLINGTON, MA 01803	Contract Administrator	$16,023
COMMONWEALTH FINANCIAL NETWORK5+ years Service code 33 · EIN 04-2675571	Securities brokerage; Other fees	$8,330

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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.
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.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$47K

$89 / participant

Investment mgmt$47K100.0%

% of EOY assets

0.448%

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: MARCUM, LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,594

$44,734+15.3%

$99,479-48.1%

$67,582-23.7%

Participation rate

34.5%

66.2%-31.7pp

73.8%-39.4pp

71.3%-36.8pp

Annual return

126.16%

32.45%+93.7pp

30.72%+95.4pp

378.57%-252.4pp

Employer contribution / active EE

$854

$1,261-32.3%

$2,540-66.4%

$2,148-60.2%

Participant deferral / active EE

$1,661

$2,731-39.2%

$3,619-54.1%

$3,539-53.1%

Admin fee / account holder

$231

$120+93.1%

$6,253-96.3%

$142+62.3%

Provider

Service type

Compensation

NATIONWIDE5+ years

Filed as: NATIONWIDE TRUST COMPANY

Service code 15 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$22,339

SUMMIT FINANCIAL CORPORATION5+ years

Service code 13 · EIN 04-3222046

700 DISTRICT AVENUE · BURLINGTON, MA 01803

Contract Administrator

$16,023

COMMONWEALTH FINANCIAL NETWORK5+ years

Service code 33 · EIN 04-2675571

Securities brokerage; Other fees

$8,330

ENERGY NORTH RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENERGY NORTH RETIREMENT 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