Retirement plan

MENTAL HEALTH ASSOCIATION OF NASSAU COUNTY 403(B) PLAN

Name: MENTAL HEALTH ASSOCIATION OF NASSAU COUNTY, INC - MENTAL HEALTH ASSOCIATION OF NASSAU COUNTY 403(B) PLAN (2024) Form 5500
Creator: MENTAL HEALTH ASSOCIATION OF NASSAU COUNTY, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MENTAL HEALTH ASSOCIATION OF NASSAU COUNTY 403(B) PLAN, MENTAL HEALTH ASSOCIATION OF NASSAU COUNTY, INC

MENTAL HEALTH ASSOCIATION OF NASSAU COUNTY, INCEIN 11-1710983Plan #003PY 2024

16 MAIN STREET - HEMPSTEAD, NY 115504020516-489-2322mhanc.orgLinkedIn51-200 employeesmental health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$2M

+19.3% from 2023

Total participants

147

-16.5% from 2023

Average account balance

$15,793

+46.1% from 2023

Annual return

14.49%

+1.79 pp from 2023

Benchmarks

See 5,993 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,993 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.04M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

86.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$153K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+14.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$154

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
BENEFIT PLANS ADMIN SERVICES, INC.2 years Filed as: BENEFIT PLANS ADMIN SERVICES, INC Service code 15 · EIN 16-1503696	Recordkeeping	$14,978
FOCUSED WEALTH MANAGEMENT2 years Service code 27 11 BALMVILLE RD · NEWBURGH, NY 12550	Advisory (Plan)	$4,333
MUTUAL OF AMERICA INVESTMENT CORP3 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Recordkeeping and information managem...	$187

Plan features & details

Pension benefit codes2E2G3D2J2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$20K

$147 / participant

Investment mgmt$5K26.1%
Contract admin$15K73.9%

% of EOY assets

0.977%

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: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,793

$55,470-71.5%

$155,556-89.8%

$74,478-78.8%

Participation rate

86.7%

61.9%+24.8pp

78.2%+8.4pp

67.2%+19.4pp

Annual return

14.49%

269.80%-255.3pp

64.84%-50.3pp

1370.56%-1356.1pp

Employer contribution / active EE

$2,267-100.0%

$4,675-100.0%

$2,626-100.0%

Participant deferral / active EE

$1,136

$2,838-60.0%

$5,631-79.8%

$4,350-73.9%

Admin fee / account holder

$154

$1,744-91.2%

$15,885-99.0%

$1,946-92.1%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.2 years

Filed as: BENEFIT PLANS ADMIN SERVICES, INC

Service code 15 · EIN 16-1503696

Recordkeeping

$14,978

FOCUSED WEALTH MANAGEMENT2 years

Service code 27

11 BALMVILLE RD · NEWBURGH, NY 12550

Advisory (Plan)

$4,333

MUTUAL OF AMERICA INVESTMENT CORP3 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Recordkeeping and information managem...

$187

MENTAL HEALTH ASSOCIATION OF NASSAU COUNTY 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MENTAL HEALTH ASSOCIATION OF NASSAU COUNTY 403(B) 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