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 (2023) 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 2023

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$6.4M

+14.9% from 2022

Total participants

-10.0% from 2022

Average account balance

$715,428

+27.6% from 2022

Annual return

15.11%

+27.83 pp from 2022

Benchmarks

See 22,643 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,643 peers

Snapshot2023

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 codes2E2J

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.

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

$191K

$23833 / participant

Other / not subdivided$191K100.0%

% of EOY assets

2.961%

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

$715,428

$110,212+549.1%

$96,534+641.1%

$139,466+413.0%

Participation rate

100.0%

78.1%+21.9pp

76.0%+24.0pp

80.3%+19.7pp

Annual return

15.11%

26.42%-11.3pp

25.88%-10.8pp

373.66%-358.6pp

Employer contribution / active EE

$9,966

$3,620+175.3%

$2,965+236.1%

$4,754+109.6%

Participant deferral / active EE

$8,418

$5,547+51.7%

$4,851+73.5%

$6,712+25.4%

Admin fee / account holder

$21,184

$11,599+82.6%

$8,253+156.7%

$11,409+85.7%

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