Retirement plan

BAIM INSTITUTE FOR CLINICAL RESEARCH 401(K) PLAN

Name: BAIM INST. FOR CLINICAL RESEARCH - BAIM INSTITUTE FOR CLINICAL RESEARCH 401(K) PLAN (2017) Form 5500
Creator: BAIM INST. FOR CLINICAL RESEARCH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAIM INSTITUTE FOR CLINICAL RESEARCH 401(K) PLAN, BAIM INST. FOR CLINICAL RESEARCH

BAIM INST. FOR CLINICAL RESEARCHEIN 04-3521077Plan #001PY 2017

930 COMMONWEALTH AVENUE, 3RD FLOOR - BOSTON, MA 02215617-307-5380baiminstitute.orgLinkedIn51-200 employeesresearch

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed March 27, 2007

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)

$21.9M

+12.7% from 2016

Total participants

258

-2.3% from 2016

Average account balance

$86,043

+12.7% from 2016

Annual return

16.82%

+9.59 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$20.81M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

168

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$220

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
INDEPENDENT FINANCIAL PARTNERS3+ years Service code 27 · EIN 59-3331424	Advisory (Plan)	$28,139
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 15 · EIN 04-1590850	Recordkeeping	$4,741
AMERICAN CENTURY1 year Service code 52 · EIN 77-0273954	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT1 year Service code 52 · EIN 90-0342299	Indirect Investment Fees	$0
NORTHERN FUNDS1 year Service code 52 · EIN 39-1882210	Indirect Investment Fees	$0
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE Service code 52 · EIN 52-1687817	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$14 / participant

Contract admin$2K92.9%
Other / not subdivided$1257.1%

% of EOY assets

0.008%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: AAFCPA
Auditor EIN: 042571780
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,043

$55,453+55.2%

$170,442-49.5%

$62,292+38.1%

Participation rate

97.6%

66.4%+31.2pp

83.6%+14.0pp

69.5%+28.1pp

Annual return

16.82%

21.38%-4.6pp

205.93%-189.1pp

28.90%-12.1pp

Employer contribution / active EE

$863

$2,164-60.1%

$5,433-84.1%

$2,042-57.7%

Participant deferral / active EE

$7,834

$2,303+240.2%

$4,939+58.6%

$3,169+147.2%

Admin fee / account holder

$455-98.5%

$13,880-99.9%

$479-98.6%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL PARTNERS3+ years

Service code 27 · EIN 59-3331424

Advisory (Plan)

$28,139

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 15 · EIN 04-1590850

Recordkeeping

$4,741

AMERICAN CENTURY1 year

Service code 52 · EIN 77-0273954

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN

Service code 52 · EIN 90-0342299

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT1 year

Service code 52 · EIN 90-0342299

Indirect Investment Fees

NORTHERN FUNDS1 year

Service code 52 · EIN 39-1882210

Indirect Investment Fees

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE

Service code 52 · EIN 52-1687817

Indirect Investment Fees

BAIM INSTITUTE FOR CLINICAL RESEARCH 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAIM INSTITUTE FOR CLINICAL RESEARCH 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