Retirement plan

SUBURBAN HOME HEALTH CARE SERVICES GROUP RETIREMENT PLAN

Name: SUBURBAN HOME HEALTH CARE SERVICES - SUBURBAN HOME HEALTH CARE SERVICES GROUP RETIREMENT PLAN (2024) Form 5500
Creator: SUBURBAN HOME HEALTH CARE SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUBURBAN HOME HEALTH CARE SERVICES GROUP RETIREMENT PLAN, SUBURBAN HOME HEALTH CARE SERVICES

SUBURBAN HOME HEALTH CARE SERVICESEIN 04-2756127Plan #001PY 2024

1050 COMMONWEALTH AVENUE - BOSTON, MA 02215617-264-7100suburbanhomehealth.comLinkedIn51-200 employeeshospital & health care

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$14.4M

+14.1% from 2023

Total participants

747

+2.8% from 2023

Average account balance

$55,878

-6.3% from 2023

Annual return

11.70%

-2.43 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.36M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

257

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.

30.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.21M

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

+11.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$274

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 3 by compensation

Provider	Service type	Compensation
HIGHTOWER ADVISORS LLC2 years Filed as: HIGHTOWER ADVISORS, LLC Service code 22 · EIN 36-4500709 200 WEST MADISON STREET · CHICAGO, IL 60606	Insurance Broker	$20,112
PENSION ASSURANCE LLP6 years Filed as: THE PENSION SERVICE Service code 15 127 WASHINGTON AVENUE · NORTH HAVEN, CT 06473	Recordkeeping	$2,536
NATIONWIDE10+ years Service code 18 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Custodial (other than securities)	$1,494

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$70K

$100 / participant

Other / not subdivided$70K100.0%

% of EOY assets

0.490%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,878

$50,902+9.8%

$155,534-64.1%

$77,736-28.1%

Participation rate

30.5%

63.1%-32.6pp

78.2%-47.7pp

70.6%-40.1pp

Annual return

11.70%

34.85%-23.2pp

64.92%-53.2pp

31.26%-19.6pp

Employer contribution / active EE

$178

$1,991-91.1%

$4,675-96.2%

$2,728-93.5%

Participant deferral / active EE

$1,532

$2,824-45.8%

$5,630-72.8%

$4,651-67.1%

Admin fee / account holder

$274

$437-37.4%

$15,900-98.3%

$433-36.8%

Provider

Service type

Compensation

HIGHTOWER ADVISORS LLC2 years

Filed as: HIGHTOWER ADVISORS, LLC

Service code 22 · EIN 36-4500709

200 WEST MADISON STREET · CHICAGO, IL 60606

Insurance Broker

$20,112

PENSION ASSURANCE LLP6 years

Filed as: THE PENSION SERVICE

Service code 15

127 WASHINGTON AVENUE · NORTH HAVEN, CT 06473

Recordkeeping

$2,536

NATIONWIDE10+ years

Service code 18

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Custodial (other than securities)

$1,494

SUBURBAN HOME HEALTH CARE SERVICES GROUP RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUBURBAN HOME HEALTH CARE SERVICES GROUP 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