Retirement plan

BENCHMARK SENIOR LIVING 401(K) PLAN

Name: BENCHMARK SENIOR LIVING LLC - BENCHMARK SENIOR LIVING 401(K) PLAN (2020) Form 5500
Creator: BENCHMARK SENIOR LIVING LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BENCHMARK SENIOR LIVING 401(K) PLAN, BENCHMARK SENIOR LIVING LLC

BENCHMARK SENIOR LIVING LLCdba BENCHMARK SENIOR LIVING LLCEIN 04-3385173Plan #001PY 2020

201 JONES ROAD THIRD FLOOR WEST - WALTHAM, MA 02451781-489-7100benchmarkseniorliving.comLinkedIn5001-10000 employeeshospital & health care

Prospect flagsLow participationLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$62.3M

+24.1% from 2019

Total participants

6,720

-9.1% from 2019

Average account balance

$13,675

+27.7% from 2019

Annual return

19.28%

-4.48 pp from 2019

Benchmarks

See 223 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort223 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$95.00M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

5,711

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.

66.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.23M

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

+13.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$324,101
SAGEVIEW ADVISORY GROUP, LLC6+ years Service code 27 4000 MACATHUR BLVD STE 1050 · NEWPORT BEACH, CA 92660	Advisory (Plan)	$74,159
OPEN TEXT1 year Filed as: OPEN BROKERAGE WINDOW Service code 33	Securities brokerage	$0
TD AMERITRADE, INC.6+ years Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$398K

$70 / participant

Investment mgmt$74K18.6%
Contract admin$324K81.4%

% of EOY assets

0.639%

all-in expense ratio

Categories reported

2 / 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, PCLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,675

$63,259-78.4%

$178,503-92.3%

$93,223-85.3%

Participation rate

62.2%

72.1%-9.9pp

81.9%-19.7pp

74.9%-12.7pp

Annual return

19.28%

19.93%-0.6pp

151.12%-131.8pp

19.29%0pp

Employer contribution / active EE

$308

$1,865-83.5%

$5,011-93.8%

$2,680-88.5%

Participant deferral / active EE

$1,258

$3,372-62.7%

$5,202-75.8%

$4,563-72.4%

Admin fee / account holder

$87

$58+50.6%

$13,987-99.4%

$79+10.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$324,101

SAGEVIEW ADVISORY GROUP, LLC6+ years

Service code 27

4000 MACATHUR BLVD STE 1050 · NEWPORT BEACH, CA 92660

Advisory (Plan)

$74,159

OPEN TEXT1 year

Filed as: OPEN BROKERAGE WINDOW

Service code 33

Securities brokerage

TD AMERITRADE, INC.6+ years

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

BENCHMARK SENIOR LIVING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BENCHMARK SENIOR LIVING 401(K) 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