Retirement plan

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

Name: BERKSHIRE TRANSIT MANAGEMENT, INC. 016-017 - BERKSHIRE TRANSIT MANAGEMENT, INC. UNION 401(K) PLAN (2017) Form 5500
Creator: BERKSHIRE TRANSIT MANAGEMENT, INC. 016-017
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERKSHIRE TRANSIT MANAGEMENT, INC. UNION 401(K) PLAN, BERKSHIRE TRANSIT MANAGEMENT, INC. 016-017

BERKSHIRE TRANSIT MANAGEMENT, INC. 016-017EIN 20-0405764Plan #017PY 2017

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

Other plans on this EIN

3 filings

#014Retirement-$1.2M assets #015Retirement-$363K assets #016Retirement-$73K assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$642K

+26.2% from 2016

Total participants

+17.1% from 2016

Average account balance

$18,870

+22.4% from 2016

Annual return

20.31%

+16.45 pp from 2016

Benchmarks

See 3,497 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,497 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.13M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

108.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$136K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+169.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2355

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 codes2E2G2J3D2F

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.

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

$30K

$866 / participant

Other / not subdivided$30K100.0%

% of EOY assets

4.725%

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

$18,870

$52,580-64.1%

$71,671-73.7%

$70,126-73.1%

Participation rate

80.0%

60.9%+19.1pp

68.7%+11.3pp

69.5%+10.5pp

Annual return

20.31%

20.25%+0.1pp

20.65%-0.3pp

73.15%-52.8pp

Employer contribution / active EE

$1,616-100.0%

$2,460-100.0%

$2,343-100.0%

Participant deferral / active EE

$1,716

$2,386-28.1%

$3,438-50.1%

$3,332-48.5%

Admin fee / account holder

$892

$3,653-75.6%

$5,558-84.0%

$4,645-80.8%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERKSHIRE TRANSIT MANAGEMENT, INC. UNION 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