Retirement plan

BERKSHIRE TRANSIT MANAGEMENT, INC. MANAGERIAL 401(K) PLAN

Name: BERKSHIRE TRANSIT MANAGEMENT, INC. - BERKSHIRE TRANSIT MANAGEMENT, INC. MANAGERIAL 401(K) PLAN (2024) Form 5500
Creator: BERKSHIRE TRANSIT MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERKSHIRE TRANSIT MANAGEMENT, INC. MANAGERIAL 401(K) PLAN, BERKSHIRE TRANSIT MANAGEMENT, INC.

BERKSHIRE TRANSIT MANAGEMENT, INC.EIN 20-0405764Plan #016PY 2024

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

Other plans on this EIN

3 filings

#017Retirement-$3.1M assets #014Retirement--#015Retirement--

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$535K

+267.0% from 2023

Total participants

+23.5% from 2023

Average account balance

$25,494

+92.2% from 2023

Annual return

231.82%

+212.86 pp from 2023

Benchmarks

See 9,725 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,725 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$535K

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

123.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$60K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+231.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$676

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 codes2F2G2J3D3H2E

Plan features

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$14K

$835 / participant

Other / not subdivided$14K100.0%

% of EOY assets

2.652%

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

$25,494

$90,691-71.9%

$76,119-66.5%

$145,884-82.5%

Participation rate

100.0%

74.5%+25.5pp

69.1%+30.9pp

80.3%+19.7pp

Annual return

231.82%

624.52%-392.7pp

361.25%-129.4pp

551.85%-320.0pp

Employer contribution / active EE

$1,081

$3,329-67.5%

$2,693-59.8%

$4,662-76.8%

Participant deferral / active EE

$2,443

$5,167-52.7%

$4,259-42.6%

$6,690-63.5%

Admin fee / account holder

$676

$8,383-91.9%

$6,421-89.5%

$13,392-95.0%

BERKSHIRE TRANSIT MANAGEMENT, INC. MANAGERIAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERKSHIRE TRANSIT MANAGEMENT, INC. MANAGERIAL 401(K) PLAN

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