Retirement plan

CRESA PARTNERS BOSTON INC. CASH BALANCE PENSION PLAN

Name: CRESA PARTNERS BOSTON INC - CRESA PARTNERS BOSTON INC. CASH BALANCE PENSION PLAN (2023) Form 5500
Creator: CRESA PARTNERS BOSTON INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CRESA PARTNERS BOSTON INC. CASH BALANCE PENSION PLAN, CRESA PARTNERS BOSTON INC

CRESA PARTNERS BOSTON INCEIN 04-2887907Plan #003PY 2023

280 CONGRESS STREET, FLOOR 10 - BOSTON, MA 02210617-758-6000

Other plans on this EIN

1 filing

#002Retirement-$35.1M assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$3.6M

+75.7% from 2022

Total participants

+30.3% from 2022

Average account balance

No prior year

Annual return

14.22%

+25.92 pp from 2022

Benchmarks

See 18 peers

Peer group

Industryany (size+type match)

Plan typeDB + DC

Participants25-99

Cohort18 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.83M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$553K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+18.45%

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

0 years with F_SCH_H allocation on file

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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.

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1C2A

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$7K

$171 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.195%

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

$335,518-100.0%

$409,935-100.0%

$335,518-100.0%

Participation rate

0.0%

61.0%-61.0pp

100.0%-100.0pp

61.0%-61.0pp

Annual return

14.22%

11.71%+2.5pp

10.40%+3.8pp

11.71%+2.5pp

Employer contribution / active EE

$30,833

$12,554+145.6%

$39,625-22.2%

$12,554+145.6%

Participant deferral / active EE

$1,778-100.0%

$11,238-100.0%

$1,778-100.0%

Admin fee / account holder

$6,926-100.0%

$6,987-100.0%

$6,926-100.0%

CRESA PARTNERS BOSTON INC. CASH BALANCE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CRESA PARTNERS BOSTON INC. CASH BALANCE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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