Retirement plan

BOSTON VA RESEARCH INSTITUTE, INC. 403(B) PLAN

Name: BOSTON VA RESEARCH INSTITUTE, INC. - BOSTON VA RESEARCH INSTITUTE, INC. 403(B) PLAN (2024) Form 5500
Creator: BOSTON VA RESEARCH INSTITUTE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOSTON VA RESEARCH INSTITUTE, INC. 403(B) PLAN, BOSTON VA RESEARCH INSTITUTE, INC.

BOSTON VA RESEARCH INSTITUTE, INC.EIN 04-3081524Plan #001PY 2024

2 AVENUE DE LAFAYETTE - BOSTON, MA 021111750857-364-3800bvari.orgLinkedIn51-200 employeesresearch

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$8.1M

+15.8% from 2023

Total participants

152

+2.0% from 2023

Average account balance

$63,120

+14.0% from 2023

Annual return

14.67%

-3.17 pp from 2023

Benchmarks

See 28,910 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,910 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.14M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

129

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.

69.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$614K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$211

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
TWELVE POINTS WEALTH MANAGEMENT LLC5 years Filed as: TWELVE POINTS WEALTH MGT LLC Service code 27 · EIN 46-5061538	Advisory (Plan)	$25,386
STANCORP FINANCIAL GROUP5 years Service code 12 · EIN 93-1253576	Recordkeeping and information managem...	$1,852

Plan features & details

Pension benefit codes2A2F2G2M2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$27K

$358 / participant

Contract admin$2K6.8%
Other / not subdivided$25K93.2%

% of EOY assets

0.335%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: AAFCPAS, INC
Auditor EIN: 042571780
Audit fees: $25,386
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,120

$102,382-38.3%

$147,005-57.1%

$80,874-22.0%

Participation rate

69.7%

75.8%-6.1pp

82.2%-12.4pp

67.6%+2.1pp

Annual return

14.67%

134.89%-120.2pp

418.76%-404.1pp

35.62%-20.9pp

Employer contribution / active EE

$2,019

$3,715-45.6%

$4,934-59.1%

$2,756-26.7%

Participant deferral / active EE

$6,066

$6,646-8.7%

$8,070-24.8%

$4,297+41.2%

Admin fee / account holder

$211

$7,942-97.3%

$13,006-98.4%

$6,935-97.0%

Provider

Service type

Compensation

TWELVE POINTS WEALTH MANAGEMENT LLC5 years

Filed as: TWELVE POINTS WEALTH MGT LLC

Service code 27 · EIN 46-5061538

Advisory (Plan)

$25,386

STANCORP FINANCIAL GROUP5 years

Service code 12 · EIN 93-1253576

Recordkeeping and information managem...

$1,852

BOSTON VA RESEARCH INSTITUTE, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOSTON VA RESEARCH INSTITUTE, INC. 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