Retirement plan

BRIGHT HORIZONS 401(K) PLAN

Name: BRIGHT HORIZONS CHILDRENS CTR - BRIGHT HORIZONS 401(K) PLAN (2016) Form 5500
Creator: BRIGHT HORIZONS CHILDRENS CTR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRIGHT HORIZONS 401(K) PLAN, BRIGHT HORIZONS CHILDRENS CTR

BRIGHT HORIZONS CHILDRENS CTREIN 04-2949680Plan #001PY 2016

200 TALCOTT AVENUE SOUTH - WATERTOWN, MA 02472877-534-7301LinkedIn501-1000 employeeshospital & health care

Prospect flagsLow participationLow employer contributionLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed December 8, 2014

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$216.5M

+10.5% from 2015

Total participants

19,611

+3.7% from 2015

Average account balance

$29,449

+6.6% from 2015

Annual return

9.18%

+7.12 pp from 2015

Benchmarks

See 193 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort193 peers

Snapshot2016

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$465.75M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

9,581

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.

37.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$62

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
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$71,353
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359	Advisory (Plan)	$21,000
GRAY, GRAY & GRAY2+ years Filed as: GRAY, GRAY AND GRAY Service code 10	Accounting	$17,600
NFP RETIREMENT INC2+ years Filed as: NFP ADVISOR SERVICES, LLC Service code 27 · EIN 74-2794194	Advisory (Plan)	$15,000
GRAY, GRAY & GRAY1 year Filed as: GRAY, GRAY, AND GRAY Service code 10 · EIN 04-2088836	Accounting	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$71K

$4 / participant

Contract admin$71K99.9%
Other / not subdivided$1000.1%

% of EOY assets

0.033%

all-in expense ratio

Categories reported

1 / 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: GRAY, GRAY AND GRAY
Auditor EIN: 042088368
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,449

$49,270-40.2%

$156,549-81.2%

$329,111-91.1%

Participation rate

33.0%

68.1%-35.1pp

84.0%-51.0pp

67.9%-34.9pp

Annual return

9.18%

23.25%-14.1pp

32.23%-23.0pp

16.35%-7.2pp

Employer contribution / active EE

$148

$1,534-90.3%

$5,501-97.3%

$2,303-93.6%

Participant deferral / active EE

$810

$2,920-72.2%

$4,871-83.4%

$3,682-78.0%

Admin fee / account holder

$10

$51-80.8%

$13,027-99.9%

$754-98.7%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$71,353

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 27 · EIN 35-2552359

Advisory (Plan)

$21,000

GRAY, GRAY & GRAY2+ years

Filed as: GRAY, GRAY AND GRAY

Service code 10

Accounting

$17,600

NFP RETIREMENT INC2+ years

Filed as: NFP ADVISOR SERVICES, LLC

Service code 27 · EIN 74-2794194

Advisory (Plan)

$15,000

GRAY, GRAY & GRAY1 year

Filed as: GRAY, GRAY, AND GRAY

Service code 10 · EIN 04-2088836

Accounting

BRIGHT HORIZONS 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRIGHT HORIZONS 401(K) PLAN

Top hat statement on fileNQDC

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