Retirement plan

HELLENIC AMERICAN NEIGHBORHOOD ACTION COMMITTEE 403(B) ERISA RETIREMENT PLAN

Name: HELLENIC AMERICAN NEIGHBORHOOD ACTION COMMITTEE - HELLENIC AMERICAN NEIGHBORHOOD ACTION COMMITTEE 403(B) ERISA RETIREMENT PLAN (2021) Form 5500
Creator: HELLENIC AMERICAN NEIGHBORHOOD ACTION COMMITTEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HELLENIC AMERICAN NEIGHBORHOOD ACTION COMMITTEE 403(B) ERISA RETIREMENT PLAN, HELLENIC AMERICAN NEIGHBORHOOD ACTION COMMITTEE

HELLENIC AMERICAN NEIGHBORHOOD ACTION COMMITTEEEIN 11-2290832Plan #001PY 2021

1250 BROADWAY -36TH FLOOR - NEW YORK, NY 10001212-840-8005LinkedIn201-500 employeeshospital & health care

Prospect flagsLow participationLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.6M

-0.6% from 2020

Total participants

328

+2.5% from 2020

Average account balance

$20,612

+0.7% from 2020

Annual return

17.69%

+15.32 pp from 2020

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.42M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

256

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.

58.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$605K

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

+9.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE6+ years Service code 64 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$30,396
PENTEGRA SERVICES, INC.1 year Filed as: APS - PENTEGRA Service code 14 · EIN 13-3892096 6830 COMMERCE COURT DRIVE · BLACKLICK, OH 430049297	Plan Administrator	$6,148
LPL FINANCIAL4 years Filed as: LPL FINANCIAL, LLC Service code 55 4707 EXECUTIVE DR. · SAN DIEGO, CA 92121	Other Commissions	$5,011
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Filed as: MML INSURANCE AGENCY/INVESTOR SVCS Service code 55 1295 STATE STREET #C225 · SPRINGFIELD, MA 011118089	Other Commissions	$5,011

Plan features & details

Pension benefit codes2F2G2L2M2S2T3D3H

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.
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

3 tripped

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

$39K

$166 / participant

Investment mgmt$39K100.0%

% of EOY assets

0.848%

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: PW PARTNERS, LLC
Auditor EIN: 833323563
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,612

$61,166-66.3%

$185,837-88.9%

$79,393-74.0%

Participation rate

55.3%

66.6%-11.3pp

81.7%-26.4pp

70.7%-15.4pp

Annual return

17.69%

19.45%-1.8pp

122.08%-104.4pp

116.87%-99.2pp

Employer contribution / active EE

$401

$2,321-82.7%

$5,168-92.2%

$2,428-83.5%

Participant deferral / active EE

$1,102

$2,789-60.5%

$5,568-80.2%

$4,046-72.8%

Admin fee / account holder

$175

$710-75.4%

$16,241-98.9%

$627-72.1%

Provider

Service type

Compensation

NATIONWIDE6+ years

Service code 64

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$30,396

PENTEGRA SERVICES, INC.1 year

Filed as: APS - PENTEGRA

Service code 14 · EIN 13-3892096

6830 COMMERCE COURT DRIVE · BLACKLICK, OH 430049297

Plan Administrator

$6,148

LPL FINANCIAL4 years

Filed as: LPL FINANCIAL, LLC

Service code 55

4707 EXECUTIVE DR. · SAN DIEGO, CA 92121

Other Commissions

$5,011

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MML INSURANCE AGENCY/INVESTOR SVCS

Service code 55

1295 STATE STREET #C225 · SPRINGFIELD, MA 011118089

Other Commissions

$5,011

HELLENIC AMERICAN NEIGHBORHOOD ACTION COMMITTEE 403(B) ERISA RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HELLENIC AMERICAN NEIGHBORHOOD ACTION COMMITTEE 403(B) ERISA RETIREMENT 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