Retirement plan

NORTHEAST ADVISERS, INC. 401K PROFIT SHARING PLAN

Name: NORTHEAST ADVISERS, INC. - NORTHEAST ADVISERS, INC. 401K PROFIT SHARING PLAN (2023) Form 5500
Creator: NORTHEAST ADVISERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHEAST ADVISERS, INC. 401K PROFIT SHARING PLAN, NORTHEAST ADVISERS, INC.

NORTHEAST ADVISERS, INC.EIN 23-3044281Plan #001PY 2023

163 W. LANCASTER AVE., FIRST FLOOR - PAOLI, PA 19301610-240-7955LinkedIn1-10 employeesinvestment banking

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$1.7M

+19.5% from 2022

Total participants

+20.0% from 2022

Average account balance

$342,433

+19.5% from 2022

Annual return

10.37%

+20.41 pp from 2022

Benchmarks

See 36,165 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,165 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.90M

Not enough data

1 years with asset history on file

Average account balance

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

$317K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$85K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+6.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$734

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$342,433

$185,883+84.2%

$170,043+101.4%

$139,466+145.5%

Participation rate

80.0%

87.8%-7.8pp

87.0%-7.0pp

80.3%-0.3pp

Annual return

10.37%

60.54%-50.2pp

53.40%-43.0pp

373.66%-363.3pp

Employer contribution / active EE

$14,293

$7,596+88.2%

$6,790+110.5%

$4,754+200.7%

Participant deferral / active EE

$11,748

$11,626+1.1%

$10,410+12.9%

$6,712+75.0%

Admin fee / account holder

$15,393-100.0%

$12,824-100.0%

$11,409-100.0%

NORTHEAST ADVISERS, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

NORTHEAST ADVISERS, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion