Retirement plan

BOYER-ROSENE MOVING AND STORAGE, INC. PROFIT SHARING PLAN FOR UNION EMPLOYEES

Name: BOYER-ROSENE MOVING AND STORAGE, INC. - BOYER-ROSENE MOVING AND STORAGE, INC. PROFIT SHARING PLAN FOR UNION EMPLOYEES (2024) Form 5500
Creator: BOYER-ROSENE MOVING AND STORAGE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOYER-ROSENE MOVING AND STORAGE, INC. PROFIT SHARING PLAN FOR UNION EMPLOYEES, BOYER-ROSENE MOVING AND STORAGE, INC.

BOYER-ROSENE MOVING AND STORAGE, INC.EIN 36-2481086Plan #002PY 2024

2638 S CLEARBROOK DR - ARLINGTON HEIGHTS, IL 60005847-513-9031boyer-rosene.comLinkedIn51-200 employeestransportation/trucking/railroad

Other plans on this EIN

1 filing

#001Retirement-$1.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+12.6% from 2023

Total participants

-48.9% from 2023

Average account balance

$65,522

+17.5% from 2023

Annual return

9.67%

+0.92 pp from 2023

Benchmarks

See 9,715 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,715 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.51M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

143.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$139K

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

+9.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4881

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 codes2E2F2J2T3D3H

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).
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$112K

$7017 / participant

Other / not subdivided$112K100.0%

% of EOY assets

7.450%

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

$65,522

$90,530-27.6%

$76,030-13.8%

$145,897-55.1%

Participation rate

100.0%

74.4%+25.6pp

69.1%+30.9pp

80.3%+19.7pp

Annual return

9.67%

625.08%-615.4pp

361.54%-351.9pp

552.29%-542.6pp

Employer contribution / active EE

$5,003

$3,319+50.7%

$2,688+86.2%

$4,663+7.3%

Participant deferral / active EE

$3,666

$5,164-29.0%

$4,257-13.9%

$6,689-45.2%

Admin fee / account holder

$4,881

$8,383-41.8%

$6,421-24.0%

$13,390-63.5%

BOYER-ROSENE MOVING AND STORAGE, INC. PROFIT SHARING PLAN FOR UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOYER-ROSENE MOVING AND STORAGE, INC. PROFIT SHARING PLAN FOR UNION EMPLOYEES

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