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 (2021) 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 2021

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

Other plans on this EIN

3 filings

#017Retirement-$1.1M assets #015Retirement-$226K assets #016Retirement-$95K assets

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.7M

+24.1% from 2020

Total participants

+15.1% from 2020

Average account balance

$32,076

+24.1% from 2020

Annual return

31.70%

+28.71 pp from 2020

Benchmarks

See 3,884 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,884 peers

Snapshot2021

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

3 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.)
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

$197K

$3854 / participant

Other / not subdivided$197K100.0%

% of EOY assets

11.561%

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

$32,076

$62,549-48.7%

$85,705-62.6%

$85,851-62.6%

Participation rate

84.3%

61.1%+23.2pp

69.9%+14.4pp

69.3%+15.0pp

Annual return

31.70%

23.77%+7.9pp

21.49%+10.2pp

318.63%-286.9pp

Employer contribution / active EE

$1,809

$1,755+3.0%

$2,619-30.9%

$2,565-29.5%

Participant deferral / active EE

$2,802-100.0%

$3,924-100.0%

$3,952-100.0%

Admin fee / account holder

$3,708

$4,644-20.1%

$6,877-46.1%

$6,261-40.8%

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