Retirement plan

MILTON RESIDENCES FOR THE ELDERLY 401K PROFIT SHARING PLAN

Name: MILTON RESIDENCES FOR THE ELDERL - MILTON RESIDENCES FOR THE ELDERLY 401K PROFIT SHARING PLAN (2020) Form 5500
Creator: MILTON RESIDENCES FOR THE ELDERL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILTON RESIDENCES FOR THE ELDERLY 401K PROFIT SHARING PLAN, MILTON RESIDENCES FOR THE ELDERL

MILTON RESIDENCES FOR THE ELDERLEIN 04-6207699Plan #001PY 2020

600 CANTON AVENUE - MILTON, MA 02186617-698-3005mreinc.orgLinkedIn1-10 employeesnon-profit organization management

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$964K

+33.8% from 2019

Total participants

+7.3% from 2019

Average account balance

$22,958

+30.6% from 2019

Annual return

24.63%

+10.17 pp from 2019

Benchmarks

See 3,715 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort3,715 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.22M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

175.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$148K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+8.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3214

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 codes2E2F2G2J2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$48K

$1907 / participant

Other / not subdivided$48K100.0%

% of EOY assets

4.943%

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

$22,958

$72,027-68.1%

$185,861-87.6%

$79,856-71.3%

Participation rate

92.0%

65.8%+26.2pp

78.0%+14.0pp

69.6%+22.4pp

Annual return

24.63%

23.13%+1.5pp

35.96%-11.3pp

31.71%-7.1pp

Employer contribution / active EE

$1,694

$1,965-13.8%

$4,088-58.6%

$2,471-31.4%

Participant deferral / active EE

$2,708

$3,780-28.3%

$5,634-51.9%

$3,741-27.6%

Admin fee / account holder

$1,135

$4,513-74.9%

$9,503-88.1%

$5,306-78.6%

MILTON RESIDENCES FOR THE ELDERLY 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILTON RESIDENCES FOR THE ELDERLY 401K PROFIT SHARING 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