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 (2023) 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 2023

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)

$1.1M

+3.0% from 2022

Total participants

-4.4% from 2022

Average account balance

$26,946

+8.1% from 2022

Annual return

10.79%

+24.16 pp from 2022

Benchmarks

See 19,270 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort19,270 peers

Snapshot2023

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

$249K

$10378 / participant

Other / not subdivided$249K100.0%

% of EOY assets

22.546%

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

$26,946

$202,463-86.7%

$169,397-84.1%

$139,487-80.7%

Participation rate

91.7%

81.1%+10.6pp

77.2%+14.5pp

80.3%+11.3pp

Annual return

10.79%

532.64%-521.9pp

406.23%-395.4pp

373.84%-363.1pp

Employer contribution / active EE

$2,337

$4,694-50.2%

$4,013-41.8%

$4,755-50.8%

Participant deferral / active EE

$4,354

$6,941-37.3%

$6,223-30.0%

$6,713-35.1%

Admin fee / account holder

$6,075

$10,726-43.4%

$9,017-32.6%

$11,407-46.7%

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