Retirement plan

BRUNSWICK HOSPITAL CENTER EMPLOYEE SAVINGS PLAN

Name: BRUNSWICK HOSPITAL CENTER, INC. - BRUNSWICK HOSPITAL CENTER EMPLOYEE SAVINGS PLAN (2021) Form 5500
Creator: BRUNSWICK HOSPITAL CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRUNSWICK HOSPITAL CENTER EMPLOYEE SAVINGS PLAN, BRUNSWICK HOSPITAL CENTER, INC.

BRUNSWICK HOSPITAL CENTER, INC.EIN 11-0589550Plan #002PY 2021

81 LOUDEN AVENUE - AMITYVILLE, NY 11701631-789-7000profiles.health.ny.govLinkedIn51-200 employees

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$10M

+17.7% from 2020

Total participants

496

+9.3% from 2020

Average account balance

$29,855

-17.5% from 2020

Annual return

12.08%

-0.12 pp from 2020

Benchmarks

See 3,799 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,799 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.36M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

315

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$180

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 9 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC6 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$25,000
ALGER5 years Service code 52 · EIN 13-2665689	Indirect Investment Fees	$0
BLACKROCK2 years Service code 52 · EIN 13-2949519	Indirect Investment Fees	$0
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$0
INVESCO5 years Service code 52 · EIN 22-2725700	Indirect Investment Fees	$0
MORGAN STANLEY SMITH BARNEY5 years Filed as: JP MORGAN Service code 52 · EIN 13-3963293	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT5 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0
VICTORY5 years Service code 52 · EIN 31-6364605	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2T

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.
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$113K

$263 / participant

Investment mgmt$25K22.1%
Contract admin$88K77.9%

% of EOY assets

1.135%

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: CERINI & ASSOCIATES LLP
Auditor EIN: 113066459
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,855

$56,540-47.2%

$185,851-83.9%

$86,821-65.6%

Participation rate

62.3%

65.5%-3.2pp

81.7%-19.4pp

72.3%-10.0pp

Annual return

12.08%

118.20%-106.1pp

122.11%-110.0pp

97.94%-85.9pp

Employer contribution / active EE

$454

$1,844-75.4%

$5,168-91.2%

$2,406-81.1%

Participant deferral / active EE

$1,842

$2,555-27.9%

$5,569-66.9%

$4,132-55.4%

Admin fee / account holder

$339

$150+126.4%

$16,245-97.9%

$170+99.8%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC6 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$25,000

ALGER5 years

Service code 52 · EIN 13-2665689

Indirect Investment Fees

BLACKROCK2 years

Service code 52 · EIN 13-2949519

Indirect Investment Fees

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

INVESCO5 years

Service code 52 · EIN 22-2725700

Indirect Investment Fees

MORGAN STANLEY SMITH BARNEY5 years

Filed as: JP MORGAN

Service code 52 · EIN 13-3963293

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT5 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

VICTORY5 years

Service code 52 · EIN 31-6364605

Indirect Investment Fees

BRUNSWICK HOSPITAL CENTER EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRUNSWICK HOSPITAL CENTER EMPLOYEE SAVINGS 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