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 (2024) 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 2024

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

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.9M

+8.2% from 2023

Total participants

397

+18.9% from 2023

Average account balance

$21,371

+5.9% from 2023

Annual return

9.77%

-0.83 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

$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

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
NATIONWIDE9+ years Service code 64 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$16,972
PENTEGRA SERVICES, INC.4 years Filed as: APS - PENTEGRA Service code 14 · EIN 13-3892096 6830 COMMERCE COURT DRIVE · BLACKLICK, OH 430049297	Plan Administrator	$5,561
IRON-CO-FID-COMPREHENSIVE9+ years Filed as: IRON-CO-FID-INDEX-COMPREHENSIVE Service code 55 · EIN 26-2409128 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Other Commissions	$1,059
LPL FINANCIAL7 years Filed as: LPL FINANCIAL, LLC Service code 55 COMMISSION DEPT. · SAN DIEGO, CA 92121	Other Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.8 years Filed as: MML INSURANCE AGENCY/INVESTOR SVCS Service code 22 PO BOX 9500 · SPRINGFIELD, MA 011118089	Insurance Broker	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MML INVESTORS SERVICES, LLC Service code 55 PO BOX 9500 · SPRINGFIELD, MA 011028089	Other Commissions	$0

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 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

$30K

$88 / participant

Recordkeeping$20K66.4%
Other / not subdivided$10K33.6%

% of EOY assets

0.618%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,371

$50,860-58.0%

$155,574-86.3%

$77,714-72.5%

Participation rate

51.2%

63.1%-12.0pp

78.2%-27.0pp

70.6%-19.4pp

Annual return

9.77%

34.86%-25.1pp

64.87%-55.1pp

31.26%-21.5pp

Employer contribution / active EE

$552

$1,991-72.3%

$4,676-88.2%

$2,727-79.8%

Participant deferral / active EE

$951

$2,825-66.3%

$5,629-83.1%

$4,649-79.5%

Admin fee / account holder

$132

$436-69.7%

$15,914-99.2%

$433-69.5%

Provider

Service type

Compensation

NATIONWIDE9+ years

Service code 64

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$16,972

PENTEGRA SERVICES, INC.4 years

Filed as: APS - PENTEGRA

Service code 14 · EIN 13-3892096

6830 COMMERCE COURT DRIVE · BLACKLICK, OH 430049297

Plan Administrator

$5,561

IRON-CO-FID-COMPREHENSIVE9+ years

Filed as: IRON-CO-FID-INDEX-COMPREHENSIVE

Service code 55 · EIN 26-2409128

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Other Commissions

$1,059

LPL FINANCIAL7 years

Filed as: LPL FINANCIAL, LLC

Service code 55

COMMISSION DEPT. · SAN DIEGO, CA 92121

Other Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.8 years

Filed as: MML INSURANCE AGENCY/INVESTOR SVCS

Service code 22

PO BOX 9500 · SPRINGFIELD, MA 011118089

Insurance Broker

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MML INVESTORS SERVICES, LLC

Service code 55

PO BOX 9500 · SPRINGFIELD, MA 011028089

Other Commissions

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