Retirement plan

NURSING PLACEMENT INC. SALARY SAVINGS RETIREMENT P

Name: NURSING PLACEMENT INC. - NURSING PLACEMENT INC. SALARY SAVINGS RETIREMENT P (2019) Form 5500
Creator: NURSING PLACEMENT INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NURSING PLACEMENT INC. SALARY SAVINGS RETIREMENT P, NURSING PLACEMENT INC.

NURSING PLACEMENT INC.EIN 05-0459034Plan #336PY 2019

334 EAST AVENUE - PAWTUCKET, RI 028603821401-726-6300LinkedIn11-50 employeeshospital & health care

Prospect flagsHigh cashLow participationRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.9M

+37.2% from 2018

Total participants

291

+75.3% from 2018

Average account balance

$38,465

-22.5% from 2018

Annual return

27.81%

+31.17 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.48M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

129

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.

26.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$631K

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

+10.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$429

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 6 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC5+ years Filed as: UBS FINANCIAL SERVICES INC. Service code 49 · EIN 51-0120742 PO BOX 766 · UNION CITY, NJ 07087	Other Services	$9,361
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 711 HIGH SREET · DES MOINES, IA 50392	Contract Administrator	$8,102
JOSEPH BARRY CO LLC5+ years Service code 26 · EIN 26-1449163 128 UNION STREET SUITE 507 · NEW BEDFORD, MA 02740	Advisory (Participants)	$0
UBS FINANCIAL SERVICES INC5+ years Filed as: UBS FINANCIAL SERVICES INC. 51-0120 Service code 49	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED5+ years Filed as: WILSHIRE ASSOCIATES Service code 27 · EIN 95-2755361 1299 OCEAN AVENUE SUITE 700 · SANTA MONICA, CA 90401	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED5+ years Filed as: WILSHIRE ASSOCIATES 95-2755361 Service code 27	Advisory (Plan)	$0

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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$18K

$63 / participant

Contract admin$18K100.0%

% of EOY assets

0.465%

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: CASTER CPAS INC.
Auditor EIN: 453546443
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,465

$62,928-38.9%

$172,753-77.7%

$67,582-43.1%

Participation rate

33.8%

64.5%-30.7pp

82.6%-48.8pp

71.3%-37.5pp

Annual return

27.81%

30.36%-2.5pp

803.00%-775.2pp

378.57%-350.8pp

Employer contribution / active EE

$339

$1,636-79.3%

$5,144-93.4%

$2,148-84.2%

Participant deferral / active EE

$959

$2,145-55.3%

$5,198-81.5%

$3,539-72.9%

Admin fee / account holder

$179

$167+7.3%

$13,956-98.7%

$142+25.7%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC5+ years

Filed as: UBS FINANCIAL SERVICES INC.

Service code 49 · EIN 51-0120742

PO BOX 766 · UNION CITY, NJ 07087

Other Services

$9,361

PRINCIPAL LIFE INSURANCE COMPANY5+ years

Service code 13 · EIN 42-0127290

711 HIGH SREET · DES MOINES, IA 50392

Contract Administrator

$8,102

JOSEPH BARRY CO LLC5+ years

Service code 26 · EIN 26-1449163

128 UNION STREET SUITE 507 · NEW BEDFORD, MA 02740

Advisory (Participants)

UBS FINANCIAL SERVICES INC5+ years

Filed as: UBS FINANCIAL SERVICES INC. 51-0120

Service code 49

Other Services

WILSHIRE ASSOCIATES INCORPORATED5+ years

Filed as: WILSHIRE ASSOCIATES

Service code 27 · EIN 95-2755361

1299 OCEAN AVENUE SUITE 700 · SANTA MONICA, CA 90401

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED5+ years

Filed as: WILSHIRE ASSOCIATES 95-2755361

Service code 27

Advisory (Plan)

NURSING PLACEMENT INC. SALARY SAVINGS RETIREMENT P

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NURSING PLACEMENT INC. SALARY SAVINGS RETIREMENT P

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