Retirement plan

BRIARCLIFFE 401(K) PLAN

Name: MEDICAL HOMES OF RHODE ISLAND, INC. DBA BRIARCLIFFE MANOR - BRIARCLIFFE 401(K) PLAN (2016) Form 5500
Creator: MEDICAL HOMES OF RHODE ISLAND, INC. DBA BRIARCLIFFE MANOR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRIARCLIFFE 401(K) PLAN, MEDICAL HOMES OF RHODE ISLAND, INC. DBA BRIARCLIFFE MANOR

MEDICAL HOMES OF RHODE ISLAND, INC. DBA BRIARCLIFFE MANOREIN 05-0302286Plan #002PY 2016

49 OLD POCASSET ROAD - JOHNSTON, RI 02919401-944-2450LinkedIn1-10 employeeshospital & health care

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$531K

+142.3% from 2015

Total participants

230

+27.1% from 2015

Average account balance

$2,566

+87.3% from 2015

Annual return

7.01%

+7.01 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.78M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

302

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.

89.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$669K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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
BLUM SHAPIRO1 year Service code 10 · EIN 06-1009205	Accounting	$7,000
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA LIFE INSO CO. Service code 15 · EIN 39-0989781	Recordkeeping	$6,804
ABACUS BENEFIT CONSULTANTS INC2+ years Filed as: ABACUS BENEFIT CONSULTANTS Service code 15 · EIN 05-0460654	Recordkeeping	$465

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$14K

$84 / participant

Contract admin$14K100.0%

% of EOY assets

2.680%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BLUM, SHAPIRO & CO., P.C.
Auditor EIN: 061009205
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$2,566

$46,732-94.5%

$156,551-98.4%

$55,167-95.3%

Participation rate

86.4%

65.8%+20.6pp

84.0%+2.4pp

69.0%+17.4pp

Annual return

7.01%

17.72%-10.7pp

32.23%-25.2pp

169.23%-162.2pp

Employer contribution / active EE

$2,105-100.0%

$5,501-100.0%

$1,963-100.0%

Participant deferral / active EE

$1,887

$2,204-14.4%

$4,871-61.3%

$3,054-38.2%

Admin fee / account holder

$69

$418-83.6%

$13,028-99.5%

$504-86.3%

Provider

Service type

Compensation

BLUM SHAPIRO1 year

Service code 10 · EIN 06-1009205

Accounting

$7,000

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA LIFE INSO CO.

Service code 15 · EIN 39-0989781

Recordkeeping

$6,804

ABACUS BENEFIT CONSULTANTS INC2+ years

Filed as: ABACUS BENEFIT CONSULTANTS

Service code 15 · EIN 05-0460654

Recordkeeping

$465

BRIARCLIFFE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRIARCLIFFE 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