Retirement plan

BAY STATE PLUMBING & HEATING SUPPLY, INC. 401(K) PLAN AND TRUST

Name: MATTHEW J. ZICK, INC. - BAY STATE PLUMBING & HEATING SUPPLY, INC. 401(K) PLAN AND TRUST (2023) Form 5500
Creator: MATTHEW J. ZICK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAY STATE PLUMBING & HEATING SUPPLY, INC. 401(K) PLAN AND TRUST, MATTHEW J. ZICK, INC.

MATTHEW J. ZICK, INC.EIN 81-2917447Plan #001PY 2023

15 MILL STREET - SPRINGFIELD, MA 01108413-733-6696LinkedIn1-10 employeesmedical practice

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

+29.6% from 2022

Total participants

+7.7% from 2022

Average account balance

$135,721

+29.6% from 2022

Annual return

25.17%

+42.54 pp from 2022

Benchmarks

See 23,814 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,814 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.23M

Not enough data

1 years with asset history on file

Average account balance

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

$172K

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.

162.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$60K

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

+23.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$128

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$135,721

$154,193-12.0%

$130,045+4.4%

$139,466-2.7%

Participation rate

88.9%

82.0%+6.9pp

78.5%+10.4pp

80.3%+8.6pp

Annual return

25.17%

32.51%-7.3pp

-137.30%+162.5pp

373.66%-348.5pp

Employer contribution / active EE

$2,048

$5,292-61.3%

$4,321-52.6%

$4,754-56.9%

Participant deferral / active EE

$4,719

$6,709-29.7%

$5,820-18.9%

$6,712-29.7%

Admin fee / account holder

$13,989-100.0%

$10,600-100.0%

$11,409-100.0%

BAY STATE PLUMBING & HEATING SUPPLY, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

BAY STATE PLUMBING & HEATING SUPPLY, INC. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion