Retirement plan

BERKSHIRE TRANSIT MANAGEMENT, INC. UNION EMPLOYEES' PENSION PLAN AND TRUST

Name: BERKSHIRE TRANSIT MANAGEMENT, INC. 014 - BERKSHIRE TRANSIT MANAGEMENT, INC. UNION EMPLOYEES' PENSION PLAN AND TRUST (2018) Form 5500
Creator: BERKSHIRE TRANSIT MANAGEMENT, INC. 014
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERKSHIRE TRANSIT MANAGEMENT, INC. UNION EMPLOYEES' PENSION PLAN AND TRUST, BERKSHIRE TRANSIT MANAGEMENT, INC. 014

BERKSHIRE TRANSIT MANAGEMENT, INC. 014EIN 20-0405764Plan #014PY 2018

67 DOWNING PARKWAY - PITTSFIELD, MA 01201413-499-2782LinkedIn1-10 employeestransportation/trucking/railroad

Other plans on this EIN

3 filings

#017Retirement-$628K assets #015Retirement-$321K assets #016Retirement-$71K assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+16.2% from 2017

Total participants

0.0% from 2017

Average account balance

$36,999

+16.2% from 2017

Annual return

14.36%

-0.15 pp from 2017

Benchmarks

See 3,617 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,617 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$82K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-90.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2C2F2G3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

$65K

$1907 / participant

Other / not subdivided$65K100.0%

% of EOY assets

4.612%

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

$36,999

$49,280-24.9%

$67,313-45.0%

$64,173-42.3%

Participation rate

100.0%

60.8%+39.2pp

69.1%+30.9pp

69.6%+30.4pp

Annual return

14.36%

-1.39%+15.8pp

-4.08%+18.4pp

7.63%+6.7pp

Employer contribution / active EE

$2,570

$1,668+54.0%

$2,566+0.2%

$2,381+7.9%

Participant deferral / active EE

$2,484-100.0%

$3,568-100.0%

$3,470-100.0%

Admin fee / account holder

$1,706

$3,863-55.8%

$4,507-62.1%

$4,887-65.1%

BERKSHIRE TRANSIT MANAGEMENT, INC. UNION EMPLOYEES' PENSION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERKSHIRE TRANSIT MANAGEMENT, INC. UNION EMPLOYEES' PENSION PLAN AND TRUST

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