Retirement plan

NEWBURY NORTH INC. 401K PLAN

Name: NEWBURY NORTH ASSOCIATES, INC. - NEWBURY NORTH INC. 401K PLAN (2019) Form 5500
Creator: NEWBURY NORTH ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEWBURY NORTH INC. 401K PLAN, NEWBURY NORTH ASSOCIATES, INC.

NEWBURY NORTH ASSOCIATES, INC.EIN 65-0095350Plan #001PY 2019

1010 CENTRAL AVENUE - NAPLES, FL 34102239-434-2668newburynorth.comLinkedIn11-50 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.3M

+8.5% from 2018

Total participants

+3.2% from 2018

Average account balance

$73,400

+8.5% from 2018

Annual return

17.68%

+21.04 pp from 2018

Benchmarks

See 15,814 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort15,814 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.20M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

148.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$318K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$797

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 codes2E2F2G2J3D

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.
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

$398K

$15938 / participant

Other / not subdivided$398K100.0%

% of EOY assets

17.511%

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

$73,400

$65,361+12.3%

$92,903-21.0%

$72,983+0.6%

Participation rate

96.0%

68.3%+27.7pp

76.0%+20.0pp

69.5%+26.5pp

Annual return

17.68%

42.11%-24.4pp

109.43%-91.7pp

81.01%-63.3pp

Employer contribution / active EE

$2,311

$2,594-10.9%

$3,653-36.7%

$2,440-5.3%

Participant deferral / active EE

$5,887

$3,128+88.2%

$4,238+38.9%

$3,608+63.2%

Admin fee / account holder

$12,853

$4,251+202.4%

$5,795+121.8%

$5,124+150.8%

NEWBURY NORTH INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEWBURY NORTH INC. 401K 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