Retirement plan

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

Name: BERKSHIRE TRANSIT MANAGEMENT, INC. - BERKSHIRE TRANSIT MANAGEMENT, INC. OPERATIONS MANAGEMENT AND CLERICAL EMPLOYEES' PENSION PLAN AND TRUST (2022) Form 5500
Creator: BERKSHIRE TRANSIT MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERKSHIRE TRANSIT MANAGEMENT, INC. OPERATIONS MANAGEMENT AND CLERICAL EMPLOYEES' PENSION PLAN AND TRUST, BERKSHIRE TRANSIT MANAGEMENT, INC.

BERKSHIRE TRANSIT MANAGEMENT, INC.EIN 20-0405764Plan #015PY 2022

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

Other plans on this EIN

3 filings

#014Retirement-$1.5M assets #017Retirement-$984K assets #016Retirement-$99K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$216K

-4.5% from 2021

Total participants

-11.1% from 2021

Average account balance

$13,519

+7.5% from 2021

Annual return

-18.36%

-52.39 pp from 2021

Benchmarks

See 8,693 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort8,693 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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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

$35K

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

-110.13%

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

See the 9-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,519

$82,286-83.6%

$68,791-80.3%

$134,475-89.9%

Participation rate

100.0%

75.1%+24.9pp

69.0%+31.0pp

81.2%+18.8pp

Annual return

-18.36%

-2.19%-16.2pp

-6.38%-12.0pp

417.96%-436.3pp

Employer contribution / active EE

$2,422

$3,301-26.6%

$2,655-8.8%

$4,740-48.9%

Participant deferral / active EE

$4,739-100.0%

$3,941-100.0%

$6,400-100.0%

Admin fee / account holder

$6,481-100.0%

$4,932-100.0%

$11,426-100.0%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion