Retirement plan

BERKSHIRE COUNTY REGIONAL EMPLOYMENT BOARD, INC. COMBINED 403(B)

Name: BERKSHIRE COUNTY REGINAAL EMPLOYMENT BOARD, INC. - BERKSHIRE COUNTY REGIONAL EMPLOYMENT BOARD, INC. COMBINED 403(B) (2022) Form 5500
Creator: BERKSHIRE COUNTY REGINAAL EMPLOYMENT BOARD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERKSHIRE COUNTY REGIONAL EMPLOYMENT BOARD, INC. COMBINED 403(B), BERKSHIRE COUNTY REGINAAL EMPLOYMENT BOARD, INC.

BERKSHIRE COUNTY REGINAAL EMPLOYMENT BOARD, INC.dba MASSHIRE BERKSHIRE WORKFORCE BOARDEIN 04-3291395Plan #001PY 2022

75 S CHURCH ST STE 355 - PITTSFIELD, MA 012016157413-442-7177berkshirereb.orgLinkedIn1-10 employeesmedical devices

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$605K

-18.5% from 2021

Total participants

+11.1% from 2021

Average account balance

$60,547

-26.6% from 2021

Annual return

-20.38%

-36.37 pp from 2021

Benchmarks

See 17,029 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort17,029 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$968K

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

157.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28K

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

+20.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$10K

$1632 / participant

Other / not subdivided$10K100.0%

% of EOY assets

1.617%

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

$60,547

$93,098-35.0%

$77,081-21.5%

$134,509-55.0%

Participation rate

100.0%

74.5%+25.5pp

67.9%+32.1pp

81.2%+18.8pp

Annual return

-20.38%

62.63%-83.0pp

42.33%-62.7pp

418.13%-438.5pp

Employer contribution / active EE

$1,669

$3,419-51.2%

$2,813-40.7%

$4,741-64.8%

Participant deferral / active EE

$2,344

$5,239-55.3%

$4,428-47.1%

$6,400-63.4%

Admin fee / account holder

$979

$6,945-85.9%

$5,427-82.0%

$11,427-91.4%

BERKSHIRE COUNTY REGIONAL EMPLOYMENT BOARD, INC. COMBINED 403(B)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERKSHIRE COUNTY REGIONAL EMPLOYMENT BOARD, INC. COMBINED 403(B)

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