Retirement plan

EASTERN RESEARCH GROUP, INC. CASH OR DEFERRED PROFIT SHARING PLAN

Name: EASTERN RESEARCH GROUP, INC. - EASTERN RESEARCH GROUP, INC. CASH OR DEFERRED PROFIT SHARING PLAN (2023) Form 5500
Creator: EASTERN RESEARCH GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTERN RESEARCH GROUP, INC. CASH OR DEFERRED PROFIT SHARING PLAN, EASTERN RESEARCH GROUP, INC.

EASTERN RESEARCH GROUP, INC.EIN 04-2807100Plan #001PY 2023

561 VIRGINIA RD, STE 300, BLDG 4 - CONCORD, MA 01742781-674-7311

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$185.2M

+19.0% from 2022

Total participants

851

+7.3% from 2022

Average account balance

$217,631

+10.6% from 2022

Annual return

18.89%

+35.88 pp from 2022

Benchmarks

See 3,240 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,240 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$217.64M

Not enough data

1 years with asset history on file

Average account balance

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

$220K

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.

990

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.

99.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+16.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$283

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY9+ years Filed as: MORGAN STANLEY Service code 27 600 LONGWATER DRIVE · NORWELL, MA 02061	Advisory (Plan)	$117,705
SENTINEL PENSION ADVISORS9+ years Filed as: SENTINEL BENEFITS GROUP, INC. Service code 15 · EIN 04-3015875	Recordkeeping	$115,637
RSM US LLP1 year Filed as: RSM US, LLP Service code 19 · EIN 42-0714325	Securities Custodian	$24,150
NATIONAL FINANCIAL SERVICES5 years Filed as: NATIONAL FINANCIAL SERVICES LLC Service code 19 · EIN 04-3523567	Securities Custodian	$23,948
RELIANCE TRUST COMPANY9+ years Service code 21 · EIN 58-1428634	Bank Trustee	$5,375

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$287K

$471 / participant

Recordkeeping$116K40.3%
Trustee / custodial$29K10.2%
Investment mgmt$118K41.0%
Other / not subdivided$24K8.4%

% of EOY assets

0.155%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: RMS US LLP
Auditor EIN: 420714325
Audit fees: $24,150
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$217,631

$95,274+128.4%

$135,903+60.1%

$74,419+192.4%

Participation rate

100.0%

78.2%+21.8pp

81.9%+18.1pp

70.7%+29.3pp

Annual return

18.89%

32.77%-13.9pp

68.23%-49.3pp

34.38%-15.5pp

Employer contribution / active EE

$6,000

$3,874+54.9%

$4,856+23.6%

$2,637+127.5%

Participant deferral / active EE

$9,340

$7,782+20.0%

$7,758+20.4%

$4,528+106.3%

Admin fee / account holder

$337

$266+26.7%

$10,762-96.9%

$348-3.1%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY9+ years

Filed as: MORGAN STANLEY

Service code 27

600 LONGWATER DRIVE · NORWELL, MA 02061

Advisory (Plan)

$117,705

SENTINEL PENSION ADVISORS9+ years

Filed as: SENTINEL BENEFITS GROUP, INC.

Service code 15 · EIN 04-3015875

Recordkeeping

$115,637

RSM US LLP1 year

Filed as: RSM US, LLP

Service code 19 · EIN 42-0714325

Securities Custodian

$24,150

NATIONAL FINANCIAL SERVICES5 years

Filed as: NATIONAL FINANCIAL SERVICES LLC

Service code 19 · EIN 04-3523567

Securities Custodian

$23,948

RELIANCE TRUST COMPANY9+ years

Service code 21 · EIN 58-1428634

Bank Trustee

$5,375

EASTERN RESEARCH GROUP, INC. CASH OR DEFERRED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTERN RESEARCH GROUP, INC. CASH OR DEFERRED 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