Retirement plan

BOSTON INTERNATIONAL IMPORT/EXPORT, INC. PROFIT SHARING PLAN

Name: BOSTON INTERNATIONAL IMPORT/EXPORT, INC. - BOSTON INTERNATIONAL IMPORT/EXPORT, INC. PROFIT SHARING PLAN (2019) Form 5500
Creator: BOSTON INTERNATIONAL IMPORT/EXPORT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOSTON INTERNATIONAL IMPORT/EXPORT, INC. PROFIT SHARING PLAN, BOSTON INTERNATIONAL IMPORT/EXPORT, INC.

BOSTON INTERNATIONAL IMPORT/EXPORT, INC.EIN 04-2926787Plan #001PY 2019

210 GROVE STREET - FRANKLIN, MA 02038800-637-5061

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$1.6M

+32.8% from 2018

Total participants

+6.0% from 2018

Average account balance

$41,537

+36.2% from 2018

Annual return

23.82%

+26.64 pp from 2018

Benchmarks

See 9,236 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,236 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.04M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

79.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$290K

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

+18.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1123

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 codes2E2F2G2J3D

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

Expense breakdown

Schedule H Part II

Admin total

$10K

$250 / participant

Other / not subdivided$10K100.0%

% of EOY assets

0.647%

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

$41,537

$83,485-50.2%

$125,192-66.8%

$72,975-43.1%

Participation rate

66.7%

73.3%-6.6pp

79.8%-13.1pp

69.5%-2.8pp

Annual return

23.82%

25.77%-1.9pp

43.79%-20.0pp

81.01%-57.2pp

Employer contribution / active EE

$2,346-100.0%

$3,866-100.0%

$2,440-100.0%

Participant deferral / active EE

$2,730

$3,586-23.9%

$4,937-44.7%

$3,608-24.3%

Admin fee / account holder

$269

$5,518-95.1%

$9,704-97.2%

$5,124-94.8%

BOSTON INTERNATIONAL IMPORT/EXPORT, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOSTON INTERNATIONAL IMPORT/EXPORT, INC. 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