Retirement plan

BAIM INSTITUTE FOR CLINICAL RESEARCH 401(K) PLAN

Name: BAIM INST. FOR CLINICAL RESEAR - BAIM INSTITUTE FOR CLINICAL RESEARCH 401(K) PLAN (2018) Form 5500
Creator: BAIM INST. FOR CLINICAL RESEAR
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 RESEAR

BAIM INST. FOR CLINICAL RESEAREIN 04-3521077Plan #001PY 2018

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

Prospect flagsCorrective 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.

Open the filing PDF

How to read this page

Total assets (EOY)

$16.4M

-25.4% from 2017

Total participants

227

-12.0% from 2017

Average account balance

$75,428

-12.3% from 2017

Annual return

-4.23%

-21.04 pp from 2017

Benchmarks

See 18,166 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,166 peers

Snapshot2018

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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 8 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL PARTNERS4+ years Service code 27 · EIN 59-3331424	Advisory (Plan)	$27,886
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 15 · EIN 04-1590850	Recordkeeping	$5,153
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN Service code 52 · EIN 33-1043149	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT2 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
NORTHERN FUNDS2 years Service code 52 · EIN 36-3608252	Indirect Investment Fees	$0
T ROWE PRICE RPS INC2 years Filed as: T. ROWE PRICE Service code 52 · EIN 52-1151266	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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$40

$0 / participant

Contract admin$40100.0%

% of EOY assets

0.000%

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

$75,428

$76,000-0.8%

$154,107-51.1%

$64,186+17.5%

Participation rate

88.1%

70.4%+17.7pp

83.0%+5.1pp

69.6%+18.5pp

Annual return

-4.23%

30.32%-34.5pp

735.12%-739.3pp

7.63%-11.9pp

Employer contribution / active EE

$1,741

$3,351-48.0%

$5,298-67.1%

$2,381-26.9%

Participant deferral / active EE

$6,959

$3,175+119.2%

$5,081+37.0%

$3,470+100.6%

Admin fee / account holder

$5,596-100.0%

$13,411-100.0%

$4,888-100.0%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL PARTNERS4+ years

Service code 27 · EIN 59-3331424

Advisory (Plan)

$27,886

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 15 · EIN 04-1590850

Recordkeeping

$5,153

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN

Service code 52 · EIN 33-1043149

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT2 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

NORTHERN FUNDS2 years

Service code 52 · EIN 36-3608252

Indirect Investment Fees

T ROWE PRICE RPS INC2 years

Filed as: T. ROWE PRICE

Service code 52 · EIN 52-1151266

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