Retirement plan

THE HOUSING AUTHORITY FOR THE CITIES OF NEW BOSTON/DEKALB/CLARKSVILLE/

Name: NEW BOSTON PROPERTY MANAGEMENT - THE HOUSING AUTHORITY FOR THE CITIES OF NEW BOSTON/DEKALB/CLARKSVILLE/ (2023) Form 5500
Creator: NEW BOSTON PROPERTY MANAGEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HOUSING AUTHORITY FOR THE CITIES OF NEW BOSTON/DEKALB/CLARKSVILLE/, NEW BOSTON PROPERTY MANAGEMENT

NEW BOSTON PROPERTY MANAGEMENTEIN 75-6001820Plan #001PY 2023

PO BOX 806 - NEW BOSTON, TX 755700806903-628-2951nbhapm.orgLinkedIn11-50 employees

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+16.6% from 2022

Total participants

+25.0% from 2022

Average account balance

$88,410

+10.8% from 2022

Annual return

8.19%

+16.63 pp from 2022

Benchmarks

See 4,120 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort4,120 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.02M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$158K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+7.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1895

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 codes2C2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$20K

$789 / participant

Other / not subdivided$20K100.0%

% of EOY assets

1.115%

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

$88,410

$70,666+25.1%

$169,385-47.8%

$75,181+17.6%

Participation rate

80.0%

64.8%+15.2pp

77.2%+2.8pp

67.2%+12.8pp

Annual return

8.19%

36.37%-28.2pp

405.82%-397.6pp

160.69%-152.5pp

Employer contribution / active EE

$3,023

$2,210+36.8%

$4,012-24.6%

$2,671+13.2%

Participant deferral / active EE

$2,861

$4,308-33.6%

$6,221-54.0%

$4,126-30.7%

Admin fee / account holder

$986

$5,402-81.8%

$9,011-89.1%

$5,650-82.6%

THE HOUSING AUTHORITY FOR THE CITIES OF NEW BOSTON/DEKALB/CLARKSVILLE/

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HOUSING AUTHORITY FOR THE CITIES OF NEW BOSTON/DEKALB/CLARKSVILLE/

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