Retirement plan

INTERSTATE BATTERY SYSTEM OF WESTERN MASS 401(K) PLAN AND TRUST

Name: INTERSTATE BATTERY SYSTEM OF WESTERN MASS - INTERSTATE BATTERY SYSTEM OF WESTERN MASS 401(K) PLAN AND TRUST (2024) Form 5500
Creator: INTERSTATE BATTERY SYSTEM OF WESTERN MASS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERSTATE BATTERY SYSTEM OF WESTERN MASS 401(K) PLAN AND TRUST, INTERSTATE BATTERY SYSTEM OF WESTERN MASS

INTERSTATE BATTERY SYSTEM OF WESTERN MASSEIN 20-2118711Plan #002PY 2024

230 CHAUNCEY WALKER STREET - BELCHERTOWN, MA 01007413-323-5987LinkedIn11-50 employeesautomotive

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$7.2M

+12.5% from 2023

Total participants

+11.1% from 2023

Average account balance

$724,072

+1.2% from 2023

Annual return

12.41%

-2.70 pp from 2023

Benchmarks

See 22,959 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,959 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.24M

Not enough data

1 years with asset history on file

Average account balance

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

$724K

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.

142.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$153K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+12.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18792

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$188K

$26846 / participant

Other / not subdivided$188K100.0%

% of EOY assets

2.595%

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

$724,072

$117,895+514.2%

$102,460+606.7%

$145,897+396.3%

Participation rate

100.0%

78.6%+21.4pp

76.5%+23.5pp

80.3%+19.7pp

Annual return

12.41%

31.92%-19.5pp

29.47%-17.1pp

552.29%-539.9pp

Employer contribution / active EE

$13,212

$3,619+265.1%

$3,025+336.7%

$4,663+183.4%

Participant deferral / active EE

$8,702

$5,736+51.7%

$5,056+72.1%

$6,689+30.1%

Admin fee / account holder

$18,792

$13,353+40.7%

$9,460+98.6%

$13,390+40.3%

INTERSTATE BATTERY SYSTEM OF WESTERN MASS 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERSTATE BATTERY SYSTEM OF WESTERN MASS 401(K) 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