Retirement plan

NEW ENGLAND CLEAN ENERGY, LLC 401(K) PLAN

Name: NEW ENGLAND CLEAN ENERGY, LLC - NEW ENGLAND CLEAN ENERGY, LLC 401(K) PLAN (2018) Form 5500
Creator: NEW ENGLAND CLEAN ENERGY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW ENGLAND CLEAN ENERGY, LLC 401(K) PLAN, NEW ENGLAND CLEAN ENERGY, LLC

NEW ENGLAND CLEAN ENERGY, LLCEIN 20-5635346Plan #001PY 2018

43 BROAD STREET, SUITE B407 - HUDSON, MA 01749978-567-9463newenglandcleanenergy.comLinkedIn11-50 employeesrenewables & environment

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$504K

+8.2% from 2017

Total participants

-3.6% from 2017

Average account balance

$22,922

+13.1% from 2017

Annual return

-10.05%

-45.41 pp from 2017

Benchmarks

See 38,941 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort38,941 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.60M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

75.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$250K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24161

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 codes2E2F2G2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$100K

$5888 / participant

Other / not subdivided$100K100.0%

% of EOY assets

19.850%

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

$22,922

$97,729-76.5%

$83,830-72.7%

$135,379-83.1%

Participation rate

70.6%

80.0%-9.4pp

76.1%-5.6pp

82.6%-12.1pp

Annual return

-10.05%

1287.52%-1297.6pp

850.97%-861.0pp

519.79%-529.8pp

Employer contribution / active EE

$3,127

$4,222-25.9%

$3,631-13.9%

$4,779-34.6%

Participant deferral / active EE

$7,612

$4,683+62.6%

$4,082+86.5%

$5,609+35.7%

Admin fee / account holder

$4,550

$6,674-31.8%

$5,479-16.9%

$10,828-58.0%

NEW ENGLAND CLEAN ENERGY, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW ENGLAND CLEAN ENERGY, LLC 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