Retirement plan

NORTHEAST WASTE MANAGEMENT OFFICIALS' ASSOCIATION 403(B) PLAN

Name: NORTHEAST WASTE MANAGEMENT OFFICIALS' ASSOCIATION - NORTHEAST WASTE MANAGEMENT OFFICIALS' ASSOCIATION 403(B) PLAN (2016) Form 5500
Creator: NORTHEAST WASTE MANAGEMENT OFFICIALS' ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHEAST WASTE MANAGEMENT OFFICIALS' ASSOCIATION 403(B) PLAN, NORTHEAST WASTE MANAGEMENT OFFICIALS' ASSOCIATION

NORTHEAST WASTE MANAGEMENT OFFICIALS' ASSOCIATIONEIN 04-2901917Plan #001PY 2016

89 SOUTH STREET, SUITE 600 - BOSTON, MA 02111617-367-8558LinkedIn1-10 employeesinternet

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1M

+5.1% from 2015

Total participants

-5.3% from 2015

Average account balance

$58,933

+17.5% from 2015

Annual return

6.23%

+5.59 pp from 2015

Benchmarks

See 11,489 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort11,489 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.21M

Not enough data

1 years with asset history on file

Average account balance

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

$170K

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.

130.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44K

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

+12.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6279

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 codes2F2G2M

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$82K

$5464 / participant

Other / not subdivided$82K100.0%

% of EOY assets

8.181%

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

$58,933

$93,064-36.7%

$74,577-21.0%

$273,972-78.5%

Participation rate

93.3%

74.9%+18.4pp

68.1%+25.2pp

83.0%+10.3pp

Annual return

6.23%

26.18%-20.0pp

20.47%-14.2pp

41.46%-35.2pp

Employer contribution / active EE

$1,635

$3,160-48.3%

$2,525-35.3%

$4,869-66.4%

Participant deferral / active EE

$3,119

$4,160-25.0%

$3,458-9.8%

$5,287-41.0%

Admin fee / account holder

$4,821

$5,273-8.6%

$4,138+16.5%

$10,133-52.4%

NORTHEAST WASTE MANAGEMENT OFFICIALS' ASSOCIATION 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHEAST WASTE MANAGEMENT OFFICIALS' ASSOCIATION 403(B) 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