Retirement plan

BIOSYNTH INTERNATIONAL 401(K) PLAN

Name: BIOSYNTH INTERNATIONAL - BIOSYNTH INTERNATIONAL 401(K) PLAN (2024) Form 5500
Creator: BIOSYNTH INTERNATIONAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BIOSYNTH INTERNATIONAL 401(K) PLAN, BIOSYNTH INTERNATIONAL

BIOSYNTH INTERNATIONALEIN 36-3084973Plan #001PY 2024

65 ZUB LANE - GARDNER, MA 01440978-630-0020

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.7M

+13.3% from 2023

Total participants

152

-7.9% from 2023

Average account balance

$40,281

+16.2% from 2023

Annual return

18.03%

-4.75 pp from 2023

Benchmarks

See 28,877 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,877 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.71M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

117

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.

63.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$503K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+18.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$579

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Filed as: JOHN HANCOCK LIFE INSURANCE CO. Service code 15 · EIN 01-0233346	Recordkeeping	$1,246

Plan features & details

Pension benefit codes2E2F2G2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$68K

$698 / participant

Recordkeeping$9K13.2%
Investment mgmt$20K29.8%
Contract admin$23K33.8%
Other / not subdivided$16K23.2%

% of EOY assets

1.437%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $15,725
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,281

$102,429-60.7%

$147,096-72.6%

$80,925-50.2%

Participation rate

63.9%

75.9%-11.9pp

82.2%-18.3pp

67.7%-3.7pp

Annual return

18.03%

135.02%-117.0pp

419.75%-401.7pp

35.65%-17.6pp

Employer contribution / active EE

$1,804

$3,716-51.5%

$4,936-63.5%

$2,756-34.6%

Participant deferral / active EE

$3,385

$6,649-49.1%

$8,071-58.1%

$4,299-21.3%

Admin fee / account holder

$579

$7,957-92.7%

$13,005-95.5%

$6,940-91.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO.

Service code 15 · EIN 01-0233346

Recordkeeping

$1,246

BIOSYNTH INTERNATIONAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BIOSYNTH INTERNATIONAL 401(K) PLAN

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