Retirement plan

THE CHILD CENTER OF NY, INC. 401(K) PLAN

Name: THE CHILD CENTER OF NY, INC. - THE CHILD CENTER OF NY, INC. 401(K) PLAN (2024) Form 5500
Creator: THE CHILD CENTER OF NY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CHILD CENTER OF NY, INC. 401(K) PLAN, THE CHILD CENTER OF NY, INC.

THE CHILD CENTER OF NY, INC.EIN 11-1733454Plan #003PY 2024

118-35 QUEENS BLVD, 6TH FLOOR - FOREST HILLS, NY 11375718-651-7770childcenterny.orgLinkedIn501-1000 employeescivic & social organization

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$27.9M

+15.7% from 2023

Total participants

1,123

-11.1% from 2023

Average account balance

$55,270

+52.1% from 2023

Annual return

12.22%

+1.07 pp from 2023

Benchmarks

See 4,124 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,124 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.66M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

553

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.

35.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.74M

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

+13.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$199

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
EPIC RETIREMENT PLAN SERVICES2 years Service code 15 · EIN 16-1450952	Recordkeeping	$93,036
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 27 · EIN 36-4317381	Advisory (Plan)	$46,709

Plan features & details

Pension benefit codes2E2G2J2T3D

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$140K

$144 / participant

Investment mgmt$47K33.4%
Contract admin$93K66.6%

% of EOY assets

0.502%

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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,270

$50,860+8.7%

$155,574-64.5%

$77,714-28.9%

Participation rate

36.3%

63.1%-26.8pp

78.2%-41.9pp

70.6%-34.3pp

Annual return

12.22%

34.86%-22.6pp

64.87%-52.6pp

31.26%-19.0pp

Employer contribution / active EE

$2,182

$1,991+9.6%

$4,676-53.3%

$2,727-20.0%

Participant deferral / active EE

$993

$2,825-64.8%

$5,629-82.4%

$4,649-78.6%

Admin fee / account holder

$277

$436-36.5%

$15,914-98.3%

$433-36.0%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES2 years

Service code 15 · EIN 16-1450952

Recordkeeping

$93,036

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 27 · EIN 36-4317381

Advisory (Plan)

$46,709

THE CHILD CENTER OF NY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CHILD CENTER OF NY, INC. 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