Retirement plan

NORTHEAST WASTE MANAGEMENT OFFICIALS' ASSOCIATION 403(B) PLAN

Name: NORTHEAST WASTE MANAGEMENT OFFICIALS' ASSOCIATION - NORTHEAST WASTE MANAGEMENT OFFICIALS' ASSOCIATION 403(B) PLAN (2020) 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 2020

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)

$1.8M

+16.3% from 2019

Total participants

-44.4% from 2019

Average account balance

$204,025

+119.7% from 2019

Annual return

13.02%

-7.42 pp from 2019

Benchmarks

See 14,128 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort14,128 peers

Snapshot2020

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

$12K

$1372 / participant

Other / not subdivided$12K100.0%

% of EOY assets

0.672%

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

$204,025

$109,411+86.5%

$89,435+128.1%

$158,982+28.3%

Participation rate

88.9%

74.3%+14.6pp

68.0%+20.9pp

82.0%+6.9pp

Annual return

13.02%

345.68%-332.7pp

245.55%-232.5pp

302.99%-290.0pp

Employer contribution / active EE

$2,442

$3,173-23.0%

$2,587-5.6%

$4,763-48.7%

Participant deferral / active EE

$4,658

$4,600+1.3%

$3,890+19.7%

$5,983-22.1%

Admin fee / account holder

$1,372

$6,159-77.7%

$4,884-71.9%

$11,252-87.8%

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