Retirement plan

EDWARD M KENNEDY INSTITUTE FOR 401 K PROFIT SHARING PLAN TRUST

Name: EDWARD M KENNEDY INSTITUTE FOR - EDWARD M KENNEDY INSTITUTE FOR 401 K PROFIT SHARING PLAN TRUST (2020) Form 5500
Creator: EDWARD M KENNEDY INSTITUTE FOR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EDWARD M KENNEDY INSTITUTE FOR 401 K PROFIT SHARING PLAN TRUST, EDWARD M KENNEDY INSTITUTE FOR

EDWARD M KENNEDY INSTITUTE FOREIN 27-0963869Plan #001PY 2020

210 MORRISSEY BLVD - BOSTON, MA 02125617-740-7000LinkedIn11-50 employeesmuseums and institutions

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$1.1M

-3.1% from 2019

Total participants

-32.1% from 2019

Average account balance

$24,566

+1.1% from 2019

Annual return

13.82%

-6.35 pp from 2019

Benchmarks

See 26,423 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort26,423 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.50M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

164.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$212K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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)

$1034

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$363K

$14527 / participant

Other / not subdivided$363K100.0%

% of EOY assets

32.139%

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

$24,566

$98,760-75.1%

$149,715-83.6%

$79,858-69.2%

Participation rate

72.0%

75.8%-3.8pp

82.5%-10.5pp

69.6%+2.4pp

Annual return

13.82%

27.43%-13.6pp

276.66%-262.8pp

31.72%-17.9pp

Employer contribution / active EE

$1,731

$3,217-46.2%

$4,645-62.7%

$2,471-30.0%

Participant deferral / active EE

$4,237

$5,681-25.4%

$6,842-38.1%

$3,740+13.3%

Admin fee / account holder

$7,895

$6,053+30.4%

$9,310-15.2%

$5,306+48.8%

EDWARD M KENNEDY INSTITUTE FOR 401 K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EDWARD M KENNEDY INSTITUTE FOR 401 K PROFIT SHARING PLAN 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