Retirement plan

BOLAND ENTERPRISES PROFIT SHARING 401(K) PLAN FOR SERVICE ENGINEERS BARGAINING UNIT

Name: BOLAND TRANE SERVICES, INC. - BOLAND ENTERPRISES PROFIT SHARING 401(K) PLAN FOR SERVICE ENGINEERS BARGAINING UNIT (2020) Form 5500
Creator: BOLAND TRANE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOLAND ENTERPRISES PROFIT SHARING 401(K) PLAN FOR SERVICE ENGINEERS BARGAINING UNIT, BOLAND TRANE SERVICES, INC.

BOLAND TRANE SERVICES, INC.EIN 52-0742033Plan #003PY 2020

30 WEST WATKINS MILL RD - GAITHERSBURG, MD 20878240-306-3004LinkedIn201-500 employeesindividual & family services

Other plans on this EIN

1 filing

#002Retirement-$44.4M assets

Prospect flagsLow participationLow employer contributionRecently reached 100 employees

How to read this page

Total assets (EOY)

$11M

+22.2% from 2019

Total participants

155

+7.6% from 2019

Average account balance

$109,256

+7.7% from 2019

Annual return

18.15%

+4.02 pp from 2019

Benchmarks

See 2,939 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,939 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.95M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

128

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.

64.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY6+ years Service code 27 1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004	Advisory (Plan)	$12,858
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,765
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$813

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

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.
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$17K

$119 / participant

Investment mgmt$17K95.3%
Contract admin$8134.7%

% of EOY assets

0.158%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,256

$69,383+57.5%

$101,275+7.9%

$73,497+48.7%

Participation rate

63.0%

68.4%-5.4pp

75.8%-12.8pp

70.7%-7.7pp

Annual return

18.15%

18.46%-0.3pp

46.48%-28.3pp

28.51%-10.4pp

Employer contribution / active EE

$2,628-100.0%

$3,660-100.0%

$2,270-100.0%

Participant deferral / active EE

$5,140

$3,301+55.7%

$4,371+17.6%

$3,740+37.4%

Admin fee / account holder

$173

$704-75.5%

$5,948-97.1%

$513-66.4%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY6+ years

Service code 27

1 NEW YORK PLZ 12TH FL · NEW YORK, NY 10004

Advisory (Plan)

$12,858

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,765

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$813

BOLAND ENTERPRISES PROFIT SHARING 401(K) PLAN FOR SERVICE ENGINEERS BARGAINING UNIT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOLAND ENTERPRISES PROFIT SHARING 401(K) PLAN FOR SERVICE ENGINEERS BARGAINING UNIT

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