Retirement plan

THE NATIONAL BOARD 401(K) PLAN

Name: THE NATIONAL BOARD OF BOILER AND PRESSURE VESSEL INSPECTORS - THE NATIONAL BOARD 401(K) PLAN (2021) 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 2021

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

Other plans on this EIN

1 filing

#001Retirement-$29.0M 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)

$10M

+20.8% from 2020

Total participants

102

+14.6% from 2020

Average account balance

$102,855

+10.8% from 2020

Annual return

14.50%

-5.88 pp from 2020

Benchmarks

See 27,003 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort27,003 peers

Snapshot2021

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

$538K

$6254 / participant

Other / not subdivided$538K100.0%

% of EOY assets

5.390%

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

$102,855

$105,198-2.2%

$159,455-35.5%

$85,856+19.8%

Participation rate

94.2%

75.8%+18.4pp

82.8%+11.4pp

69.3%+24.9pp

Annual return

14.50%

45.08%-30.6pp

263.63%-249.1pp

318.58%-304.1pp

Employer contribution / active EE

$5,875

$3,319+77.0%

$4,830+21.6%

$2,565+129.0%

Participant deferral / active EE

$6,377

$5,946+7.3%

$7,353-13.3%

$3,952+61.4%

Admin fee / account holder

$5,544

$6,934-20.0%

$10,800-48.7%

$6,261-11.4%

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