Retirement plan

EMPLOYEE BENEFIT PLAN OF EASTERN CONNECTICUT TRANSPORTATION CONSORTIUM, INC.

Name: EASTERN CONNECTICUT TRANSPORTATION CONSORTIUM, INC. - EMPLOYEE BENEFIT PLAN OF EASTERN CONNECTICUT TRANSPORTATION CONSORTIUM, INC. (2023) Form 5500
Creator: EASTERN CONNECTICUT TRANSPORTATION CONSORTIUM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF EASTERN CONNECTICUT TRANSPORTATION CONSORTIUM, INC., EASTERN CONNECTICUT TRANSPORTATION CONSORTIUM, INC.

EASTERN CONNECTICUT TRANSPORTATION CONSORTIUM, INC.EIN 06-1343435Plan #001PY 2023

601 NORWICH NEW LONDON TPKE STE - UNCASVILLE, CT 063822104860-848-5910ectcinc.comLinkedIn1-10 employeestransportation/trucking/railroad

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$440K

+15.6% from 2022

Total participants

+37.5% from 2022

Average account balance

$39,998

-15.9% from 2022

Annual return

15.77%

+33.27 pp from 2022

Benchmarks

See 9,387 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,387 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$620K

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

122.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$24K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$135

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 codes2G3D2E2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$18K

$2028 / participant

Other / not subdivided$18K100.0%

% of EOY assets

4.147%

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

$39,998

$85,024-53.0%

$70,544-43.3%

$139,466-71.3%

Participation rate

100.0%

73.9%+26.1pp

68.4%+31.6pp

80.3%+19.7pp

Annual return

15.77%

30.39%-14.6pp

32.79%-17.0pp

373.66%-357.9pp

Employer contribution / active EE

$1,950

$3,912-50.1%

$2,976-34.5%

$4,754-59.0%

Participant deferral / active EE

$5,891-100.0%

$4,568-100.0%

$6,712-100.0%

Admin fee / account holder

$1,659

$8,928-81.4%

$6,427-74.2%

$11,409-85.5%

EMPLOYEE BENEFIT PLAN OF EASTERN CONNECTICUT TRANSPORTATION CONSORTIUM, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF EASTERN CONNECTICUT TRANSPORTATION CONSORTIUM, INC.

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