Retirement plan

MILESTONES, INC. 401(K) PLAN

Name: MILESTONES, INC - MILESTONES, INC. 401(K) PLAN (2022) Form 5500
Creator: MILESTONES, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILESTONES, INC. 401(K) PLAN, MILESTONES, INC

MILESTONES, INCEIN 04-3494340Plan #001PY 2022

410 TOTTEN POND ROAD, 2ND FLOOR - WALTHAM, MA 02451781-895-3200

Prospect flagsLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$4M

-5.8% from 2021

Total participants

141

+9.3% from 2021

Average account balance

$29,830

-17.8% from 2021

Annual return

-16.94%

-29.88 pp from 2021

Benchmarks

See 4,253 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,253 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.05M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

128

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.

91.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$734K

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

+13.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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 3 by compensation

Provider	Service type	Compensation
THE ANGELL PENSION GROUP, INC.1 year Filed as: AFC PENSIONS, INC. Service code 13 200 RESERVOIR STREET SUITE 100 · NEEDHAM, MA 02494	Contract Administrator	$4,997
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 27 4707 EXECUTIVE DRIVE · SAN DIEGO, CA 92121	Advisory (Plan)	$3,152
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SRVCS Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$375

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

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$6K

$67 / participant

Contract admin$1K24.5%
Other / not subdivided$4K75.5%

% of EOY assets

0.142%

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: DI PESA & COMPANY, CPAS
Auditor EIN: 820574075
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,830

$42,917-30.5%

$60,899-51.0%

$68,495-56.4%

Participation rate

90.5%

66.8%+23.7pp

73.1%+17.4pp

67.9%+22.6pp

Annual return

-16.94%

-13.99%-3.0pp

16.92%-33.9pp

-7.84%-9.1pp

Employer contribution / active EE

$3,152

$1,979+59.3%

$2,702+16.7%

$2,596+21.4%

Participant deferral / active EE

$4,406

$2,867+53.7%

$3,817+15.4%

$4,028+9.4%

Admin fee / account holder

$42

$3,102-98.6%

$3,225-98.7%

$5,403-99.2%

Provider

Service type

Compensation

THE ANGELL PENSION GROUP, INC.1 year

Filed as: AFC PENSIONS, INC.

Service code 13

200 RESERVOIR STREET SUITE 100 · NEEDHAM, MA 02494

Contract Administrator

$4,997

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 27

4707 EXECUTIVE DRIVE · SAN DIEGO, CA 92121

Advisory (Plan)

$3,152

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SRVCS

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$375

MILESTONES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILESTONES, INC. 401(K) 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