Retirement plan

BOLEY CENTERS 401(K) PLAN

Name: BOLEY CENTERS, INC. - BOLEY CENTERS 401(K) PLAN (2018) Form 5500
Creator: BOLEY CENTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOLEY CENTERS 401(K) PLAN, BOLEY CENTERS, INC.

BOLEY CENTERS, INC.EIN 59-1290089Plan #001PY 2018

6655 66TH ST N - PINELLAS PARK, FL 33781727-821-4819boleycenters.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsHigh cashLow participationCorrective distributions

How to read this page

Total assets (EOY)

$5.3M

-7.3% from 2017

Total participants

187

+1.6% from 2017

Average account balance

$39,828

-4.5% from 2017

Annual return

-1.71%

-14.70 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.15M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

147

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.

47.5%

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

$2K

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

+10.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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
NEWPORT GROUP, INC.3 years Service code 12 · EIN 27-2037969	Recordkeeping fees; Participant loan ...	$20,752

Plan features & details

Pension benefit codes2E2F2G2T2J3D

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$21K

$127 / participant

Contract admin$21K100.0%

% of EOY assets

0.389%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GREGORY SHARER STUART PA
Auditor EIN: 591850025
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,828

$47,977-17.0%

$154,111-74.2%

$56,287-29.2%

Participation rate

67.7%

66.2%+1.5pp

83.0%-15.4pp

69.9%-2.2pp

Annual return

-1.71%

3.54%-5.3pp

735.18%-736.9pp

-9.96%+8.2pp

Employer contribution / active EE

$748

$2,169-65.5%

$5,298-85.9%

$2,111-64.6%

Participant deferral / active EE

$1,812

$2,392-24.2%

$5,081-64.3%

$3,350-45.9%

Admin fee / account holder

$155

$438-64.7%

$13,411-98.8%

$521-70.3%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3 years

Service code 12 · EIN 27-2037969

Recordkeeping fees; Participant loan ...

$20,752

BOLEY CENTERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOLEY CENTERS 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