Retirement plan

GLADEVIEW HEALTH CARE CENTER 401(K) PLAN

Name: GLADEVIEW HEALTH CARE CENTER - GLADEVIEW HEALTH CARE CENTER 401(K) PLAN (2022) Form 5500
Creator: GLADEVIEW HEALTH CARE CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GLADEVIEW HEALTH CARE CENTER 401(K) PLAN, GLADEVIEW HEALTH CARE CENTER

GLADEVIEW HEALTH CARE CENTEREIN 06-1177582Plan #001PY 2022

60 BOSTON POST ROAD - OLD SAYBROOK, CT 06475860-388-6696gladeviewcares.comLinkedIn11-50 employeeshospital & health care

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.5M

-10.4% from 2021

Total participants

127

+5.8% from 2021

Average account balance

$15,766

-34.2% from 2021

Annual return

-17.18%

-31.39 pp from 2021

Benchmarks

See 19,706 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,706 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.96M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

131

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.

78.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$599K

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

+21.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$75

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
PENSION ASSURANCE LLP7+ years Filed as: THE PENSION SERVICE, INC. Service code 15 · EIN 06-0874394 127 WASHINGTON AVENUE · NORTH HAVEN, CT 064731715	Recordkeeping	$4,111
LINCOLN NATIONAL CORPORATION5 years Service code 13 · EIN 35-1140070 1300 S CLINTON STREET · FORT WAYNE, IN 468012248	Contract Administrator	$3,121

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$7K

$77 / participant

Contract admin$7K100.0%

% of EOY assets

0.488%

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: SIMIONE MACCA & LARROW, LLP
Auditor EIN: 061586075
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,766

$73,848-78.7%

$143,799-89.0%

$68,486-77.0%

Participation rate

64.9%

66.7%-1.8pp

80.3%-15.4pp

67.9%-3.0pp

Annual return

-17.18%

0.91%-18.1pp

-0.04%-17.1pp

-7.85%-9.3pp

Employer contribution / active EE

$758

$3,184-76.2%

$4,952-84.7%

$2,597-70.8%

Participant deferral / active EE

$1,375

$3,385-59.4%

$5,638-75.6%

$4,028-65.9%

Admin fee / account holder

$77

$5,755-98.7%

$14,677-99.5%

$5,404-98.6%

Provider

Service type

Compensation

PENSION ASSURANCE LLP7+ years

Filed as: THE PENSION SERVICE, INC.

Service code 15 · EIN 06-0874394

127 WASHINGTON AVENUE · NORTH HAVEN, CT 064731715

Recordkeeping

$4,111

LINCOLN NATIONAL CORPORATION5 years

Service code 13 · EIN 35-1140070

1300 S CLINTON STREET · FORT WAYNE, IN 468012248

Contract Administrator

$3,121

GLADEVIEW HEALTH CARE CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GLADEVIEW HEALTH CARE CENTER 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