Retirement plan

NATIONAL DEVELOPMENT ASSOCIATES OF NEW ENGLAND & AFFILIATES 401(K) PROFIT SHARING PLAN & TRUST

Name: NATIONAL DEVELOPMENT ASSOCIATES OF NEW ENGLAND, INC. - NATIONAL DEVELOPMENT ASSOCIATES OF NEW ENGLAND & AFFILIATES 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: NATIONAL DEVELOPMENT ASSOCIATES OF NEW ENGLAND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL DEVELOPMENT ASSOCIATES OF NEW ENGLAND & AFFILIATES 401(K) PROFIT SHARING PLAN & TRUST, NATIONAL DEVELOPMENT ASSOCIATES OF NEW ENGLAND, INC.

NATIONAL DEVELOPMENT ASSOCIATES OF NEW ENGLAND, INC.EIN 04-3142739Plan #001PY 2020

2310 WASHINGTON STREET - NEWTON LOWER FALLS, MA 02162617-559-5042

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$60.3M

+27.0% from 2019

Total participants

381

+4.4% from 2019

Average account balance

$164,348

+21.1% from 2019

Annual return

21.72%

-2.39 pp from 2019

Benchmarks

See 1,282 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,282 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$72.64M

Not enough data

1 years with asset history on file

Average account balance

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

$201K

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.

361

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$271

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 6 by compensation

Provider	Service type	Compensation
NATIONWIDE4 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$74,865
ARDITO, TOSCANO & MCCOLLUM, PC1 year Filed as: ARDITO TOSCANO AND MCCOLLUM Service code 10 40 BAYFIELD DRIVE · NORTH ANDOVER, MA 01845	Accounting	$30,597
IRON-CO-FID-COMPREHENSIVE4 years Filed as: IRON CO FID - COMPREHENSIVE Service code 28 630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062	Investment Management	$20,391
PLATINUM PENSION GROUP, LLC4 years Service code 17 144 NORTH ROAD · SUDBURY, MA 017761159	Pension Consulting	$14,270
CAMBRIDGE INVESTMENT RESEARCH1 year Service code 27 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556	Advisory (Plan)	$0
PARK AVENUE SECURITIES LLC4 years Service code 27 7 HANOVER SQUARE · NEW YORK, NY 10004	Advisory (Plan)	$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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$140K

$482 / participant

Other / not subdivided$140K100.0%

% of EOY assets

0.232%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ARDITO, TOSCANO & MCCOLLUM, P.C.
Auditor EIN: 042774968
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$164,348

$91,517+79.6%

$101,264+62.3%

$73,412+123.9%

Participation rate

95.2%

73.8%+21.4pp

75.8%+19.4pp

72.2%+23.0pp

Annual return

21.72%

17.17%+4.6pp

46.48%-24.8pp

59.30%-37.6pp

Employer contribution / active EE

$1,527

$2,877-46.9%

$3,660-58.3%

$2,234-31.6%

Participant deferral / active EE

$10,946

$3,338+227.9%

$4,370+150.5%

$3,806+187.6%

Admin fee / account holder

$382

$216+76.9%

$5,947-93.6%

$158+141.8%

Provider

Service type

Compensation

NATIONWIDE4 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$74,865

ARDITO, TOSCANO & MCCOLLUM, PC1 year

Filed as: ARDITO TOSCANO AND MCCOLLUM

Service code 10

40 BAYFIELD DRIVE · NORTH ANDOVER, MA 01845

Accounting

$30,597

IRON-CO-FID-COMPREHENSIVE4 years

Filed as: IRON CO FID - COMPREHENSIVE

Service code 28

630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062

Investment Management

$20,391

PLATINUM PENSION GROUP, LLC4 years

Service code 17

144 NORTH ROAD · SUDBURY, MA 017761159

Pension Consulting

$14,270

CAMBRIDGE INVESTMENT RESEARCH1 year

Service code 27

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556

Advisory (Plan)

PARK AVENUE SECURITIES LLC4 years

Service code 27

7 HANOVER SQUARE · NEW YORK, NY 10004

Advisory (Plan)

NATIONAL DEVELOPMENT ASSOCIATES OF NEW ENGLAND & AFFILIATES 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL DEVELOPMENT ASSOCIATES OF NEW ENGLAND & AFFILIATES 401(K) PROFIT SHARING PLAN & TRUST

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