Retirement plan

NORTHERN TREE SERVICE, LLC 401(K) RETIREMENT PLAN

Name: NORTHERN TREE SERVICE, LLC - NORTHERN TREE SERVICE, LLC 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: NORTHERN TREE SERVICE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN TREE SERVICE, LLC 401(K) RETIREMENT PLAN, NORTHERN TREE SERVICE, LLC

NORTHERN TREE SERVICE, LLCEIN 85-1718250Plan #001PY 2024

1290 PARK STREET - PALMER, MA 01069413-283-9283

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$14.6M

+14.7% from 2023

Total participants

148

0.0% from 2023

Average account balance

$154,194

+29.2% from 2023

Annual return

10.53%

-5.01 pp from 2023

Benchmarks

See 1,416 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,416 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.65M

Not enough data

1 years with asset history on file

Average account balance

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

$154K

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.

57.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$786K

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

+10.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109

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 2 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC4+ years Service code 99 · EIN 47-1411118	Other Fees	$49,858
AMERICAN REALTY ADVISORS4+ years Filed as: AMERICAN FIDUCIARY CORPORATION Service code 49 200 RESERVOIR STREET SUITE 100 · NEEDHAM, MA 02494	Other Services	$6,511

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$10K

$82 / participant

Contract admin$3K26.0%
Other / not subdivided$8K74.0%

% of EOY assets

0.071%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$154,194

$45,126+241.7%

$85,187+81.0%

$74,459+107.1%

Participation rate

57.9%

49.4%+8.6pp

67.5%-9.6pp

67.2%-9.3pp

Annual return

10.53%

26.30%-15.8pp

66.67%-56.1pp

1369.70%-1359.2pp

Employer contribution / active EE

$2,079

$1,460+42.4%

$2,732-23.9%

$2,626-20.8%

Participant deferral / active EE

$4,160

$2,738+51.9%

$4,525-8.1%

$4,350-4.4%

Admin fee / account holder

$109

$2,212-95.1%

$6,162-98.2%

$1,945-94.4%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC4+ years

Service code 99 · EIN 47-1411118

Other Fees

$49,858

AMERICAN REALTY ADVISORS4+ years

Filed as: AMERICAN FIDUCIARY CORPORATION

Service code 49

200 RESERVOIR STREET SUITE 100 · NEEDHAM, MA 02494

Other Services

$6,511

NORTHERN TREE SERVICE, LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN TREE SERVICE, LLC 401(K) RETIREMENT 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