Retirement plan

BANK OF IRELAND GROUP U.S. 401(K) SAVINGS PLAN

Name: THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND - BANK OF IRELAND GROUP U.S. 401(K) SAVINGS PLAN (2024) Form 5500
Creator: THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANK OF IRELAND GROUP U.S. 401(K) SAVINGS PLAN, THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND

THE GOVERNOR AND COMPANY OF THE BANK OF IRELANDEIN 13-2687269Plan #002PY 2024

677 WASHINGTON BLVD. 5TH FLOOR - STAMFORD, CT 06901203-391-5900LinkedIn501-1000 employeesbanking

Other plans on this EIN

1 filing

#003Retirement-$23.0M assets

Prospect flagsHigh feesHigh assets / participant

Top hat statement on fileNQDC

Filed January 8, 2006 (most recent of 3 filings on file)

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.

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Total assets (EOY)

$31M

+0.7% from 2023

Total participants

-6.7% from 2023

Average account balance

$323,106

+7.0% from 2023

Annual return

14.45%

-3.30 pp from 2023

Benchmarks

See 7,155 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,155 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.02M

Not enough data

1 years with asset history on file

Average account balance

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

$323K

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$35K

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

+14.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1033

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 4 by compensation

Provider	Service type	Compensation
CETERA ADVISOR NETWORKS LLC4 years Filed as: CETERA ADVISORS LLC Service code 22 200 N. SEPULVEDA BLVE · EL SEGUDO, CA 90254	Insurance Broker	$45,890
MILLENNIUM INVESTMENT & RETIREMENT4 years Filed as: MILLENNIUM INVESTMENT AND RET Service code 26 · EIN 94-3428956	Advisory (Participants)	$6,125
THIRD PARTY ADMINISTRATORS, INC.2 years Filed as: THIRD PARTY ADMINISTRATORS INC. Service code 17 · EIN 01-0233346 2 EXECUTIVE DR. · BEDFORD, NH 03110	Pension Consulting	$762
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346	Recordkeeping	$108

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$99K

$2834 / participant

Contract admin$99K100.0%

% of EOY assets

0.320%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI, LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$323,106

$138,393+133.5%

$184,256+75.4%

$80,959+299.1%

Participation rate

97.1%

83.9%+13.2pp

86.8%+10.3pp

67.7%+29.5pp

Annual return

14.45%

20.01%-5.6pp

28.85%-14.4pp

35.67%-21.2pp

Employer contribution / active EE

$12,159

$4,847+150.8%

$6,427+89.2%

$2,757+341.0%

Participant deferral / active EE

$22,899

$7,076+223.6%

$9,133+150.7%

$4,300+432.5%

Admin fee / account holder

$1,033

$10,489-90.2%

$13,899-92.6%

$6,925-85.1%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC4 years

Filed as: CETERA ADVISORS LLC

Service code 22

200 N. SEPULVEDA BLVE · EL SEGUDO, CA 90254

Insurance Broker

$45,890

MILLENNIUM INVESTMENT & RETIREMENT4 years

Filed as: MILLENNIUM INVESTMENT AND RET

Service code 26 · EIN 94-3428956

Advisory (Participants)

$6,125

THIRD PARTY ADMINISTRATORS, INC.2 years

Filed as: THIRD PARTY ADMINISTRATORS INC.

Service code 17 · EIN 01-0233346

2 EXECUTIVE DR. · BEDFORD, NH 03110

Pension Consulting

$762

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

Recordkeeping

$108

BANK OF IRELAND GROUP U.S. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BANK OF IRELAND GROUP U.S. 401(K) SAVINGS 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