Retirement plan

THE NATIONAL BOARD 401(K) PLAN

Name: THE NATIONAL BOARD OF BOILER AND PRESSURE VESSEL INSPECTORS - THE NATIONAL BOARD 401(K) PLAN (2016) Form 5500
Creator: THE NATIONAL BOARD OF BOILER AND PRESSURE VESSEL INSPECTORS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE NATIONAL BOARD 401(K) PLAN, THE NATIONAL BOARD OF BOILER AND PRESSURE VESSEL INSPECTORS

THE NATIONAL BOARD OF BOILER AND PRESSURE VESSEL INSPECTORSEIN 31-4262510Plan #002PY 2016

1055 CRUPPER AVENUE - COLUMBUS, OH 43229614-888-8320nationalboard.orgLinkedIn51-200 employeespublic safety

Other plans on this EIN

1 filing

#001Retirement-$23.2M assets

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed September 6, 2023

Plan administrator

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1055 Crupper Avenue

Columbus, OH 43229

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Plans declared (1)

The National Board of Boiler and Pressure Vessel Inspectors Code Section 457(b) Deferred Compensation Plan1 emp

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Total assets (EOY)

$3.4M

+32.9% from 2015

Total participants

+5.0% from 2015

Average account balance

$41,199

+28.1% from 2015

Annual return

7.23%

+7.53 pp from 2015

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.36M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

131

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+19.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$29

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

1 years with F_SCH_H allocation on file

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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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$147K

$1818 / participant

Other / not subdivided$147K100.0%

% of EOY assets

4.307%

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

$41,199

$76,551-46.2%

$123,894-66.7%

$62,881-34.5%

Participation rate

98.8%

73.0%+25.8pp

81.4%+17.4pp

69.3%+29.5pp

Annual return

7.23%

18.68%-11.4pp

47.52%-40.3pp

20.14%-12.9pp

Employer contribution / active EE

$5,131

$2,882+78.0%

$4,617+11.1%

$2,281+125.0%

Participant deferral / active EE

$4,784

$4,840-1.1%

$5,984-20.0%

$3,203+49.4%

Admin fee / account holder

$1,774

$4,826-63.2%

$8,357-78.8%

$4,296-58.7%

THE NATIONAL BOARD 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE NATIONAL BOARD 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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