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. (2024) 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 2024

601 NORWICH NEW LONDON TPKE STE 1 - UNCASVILLE, CT 063822104860-848-5910ectcinc.comLinkedIn1-10 employeestransportation/trucking/railroad

Prospect flagsLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$533K

+21.1% from 2023

Total participants

+9.1% from 2023

Average account balance

$44,391

+11.0% from 2023

Annual return

16.39%

+0.62 pp from 2023

Benchmarks

See 9,736 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,736 peers

Snapshot2024

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.
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

$133

$13 / participant

Other / not subdivided$133100.0%

% of EOY assets

0.025%

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

$44,391

$90,614-51.0%

$76,089-41.7%

$145,877-69.6%

Participation rate

100.0%

74.5%+25.5pp

69.1%+30.9pp

80.3%+19.7pp

Annual return

16.39%

623.80%-607.4pp

360.94%-344.5pp

551.28%-534.9pp

Employer contribution / active EE

$2,060

$3,324-38.0%

$2,690-23.4%

$4,663-55.8%

Participant deferral / active EE

$5,168-100.0%

$4,259-100.0%

$6,691-100.0%

Admin fee / account holder

$11

$8,376-99.9%

$6,418-99.8%

$13,402-99.9%

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