Retirement plan

BRIGHT HORIZONS 401(K) PLAN

Name: BRIGHT HORIZONS CHILDREN'S CENTERS LLC - BRIGHT HORIZONS 401(K) PLAN (2018) Form 5500
Creator: BRIGHT HORIZONS CHILDREN'S CENTERS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRIGHT HORIZONS 401(K) PLAN, BRIGHT HORIZONS CHILDREN'S CENTERS LLC

BRIGHT HORIZONS CHILDREN'S CENTERS LLCEIN 04-2949680Plan #001PY 2018

200 TALCOTT AVENUE - 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)

$255.1M

-9.5% from 2016

Total participants

21,861

-3.5% from 2016

Average account balance

$30,446

-6.2% from 2016

Annual return

-2.00%

-7.12 pp from 2016

Benchmarks

See 224 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort224 peers

Snapshot2018

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

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 9 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$92,399
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS.CO. Service code 49 · EIN 04-1590850	Other Services	$43,554
GRAY, GRAY & GRAY4+ years Filed as: GRAY, GRAY AND GRAY Service code 10 · EIN 04-2088368	Accounting	$23,600
AMERICAN FUNDS2 years Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
GOLDMAN SACHS2 years Service code 52 · EIN 13-5108880	Indirect Investment Fees	$0
NORTHERN FUNDS2 years Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
RIDGEWORTH2 years Service code 52 · EIN 23-2678674	Indirect Investment Fees	$0
T ROWE PRICE RPS INC2 years Filed as: T. ROWE PRICE Service code 52 · EIN 56-2294396	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.2 years Filed as: VANGUARD Service code 52 · EIN 52-0794097	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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

$136K

$7 / participant

Investment mgmt$20.0%
Contract admin$44K32.0%
Other / not subdivided$92K68.0%

% of EOY assets

0.053%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRAY. GRAY AND GRAY
Auditor EIN: 042088368
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,446

$46,969-35.2%

$154,110-80.2%

$73,367-58.5%

Participation rate

33.4%

72.4%-39.0pp

83.0%-49.6pp

69.5%-36.1pp

Annual return

-2.00%

821.68%-823.7pp

735.22%-737.2pp

173.45%-175.5pp

Employer contribution / active EE

$170

$1,723-90.1%

$5,298-96.8%

$2,499-93.2%

Participant deferral / active EE

$928

$3,162-70.6%

$5,081-81.7%

$4,033-77.0%

Admin fee / account holder

$16

$47-65.2%

$13,412-99.9%

$68-76.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$92,399

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS.CO.

Service code 49 · EIN 04-1590850

Other Services

$43,554

GRAY, GRAY & GRAY4+ years

Filed as: GRAY, GRAY AND GRAY

Service code 10 · EIN 04-2088368

Accounting

$23,600

AMERICAN FUNDS2 years

Service code 52 · EIN 90-0342299

Indirect Investment Fees

GOLDMAN SACHS2 years

Service code 52 · EIN 13-5108880

Indirect Investment Fees

NORTHERN FUNDS2 years

Service code 52 · EIN 90-0342299

Indirect Investment Fees

RIDGEWORTH2 years

Service code 52 · EIN 23-2678674

Indirect Investment Fees

T ROWE PRICE RPS INC2 years

Filed as: T. ROWE PRICE

Service code 52 · EIN 56-2294396

Indirect Investment Fees

THE VANGUARD GROUP, INC.2 years

Filed as: VANGUARD

Service code 52 · EIN 52-0794097

Indirect Investment Fees

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