Retirement plan

PERSONAL TOUCH 401(K) PLAN

Name: PERSONAL TOUCH HOME CARE OF NY., INC. - PERSONAL TOUCH 401(K) PLAN (2021) Form 5500
Creator: PERSONAL TOUCH HOME CARE OF NY., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PERSONAL TOUCH 401(K) PLAN, PERSONAL TOUCH HOME CARE OF NY., INC.

PERSONAL TOUCH HOME CARE OF NY., INC.EIN 11-2339876Plan #001PY 2021

1985 MARCUS AVE STE 202 - LAKE SUCCESS, NY 110422029718-468-4747LinkedIn1-10 employeesmedical practice

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$22.8M

+4.8% from 2020

Total participants

2,511

-33.4% from 2020

Average account balance

$20,617

+101.4% from 2020

Annual return

14.26%

-2.42 pp from 2020

Benchmarks

See 1,316 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,316 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.85M

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.

1,128

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.

61.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$930K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$612

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

+11.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20

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
PRINCIPAL LIFE INSURANCE COMPANY7+ years Service code 13 · EIN 42-0127290	Contract Administrator	$69,680
SECURITIES AMERICA INC2 years Filed as: SECURITIES AMERICA, INC Service code 49 · EIN 11-2551174	Other Services	$42,998
WILSHIRE ASSOCIATES INCORPORATED4 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

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

$70K

$31 / participant

Contract admin$70K100.0%

% of EOY assets

0.306%

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: EFPR GROUP, CPAS PLLC
Auditor EIN: 474526160
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,617

$67,512-69.5%

$185,849-88.9%

$93,010-77.8%

Participation rate

38.4%

67.1%-28.7pp

81.7%-43.3pp

73.9%-35.5pp

Annual return

14.26%

21.04%-6.8pp

122.10%-107.8pp

158.70%-144.4pp

Employer contribution / active EE

$259

$1,783-85.5%

$5,169-95.0%

$2,705-90.4%

Participant deferral / active EE

$861

$3,035-71.6%

$5,569-84.5%

$4,561-81.1%

Admin fee / account holder

$63

$318-80.1%

$16,244-99.6%

$152-58.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$69,680

SECURITIES AMERICA INC2 years

Filed as: SECURITIES AMERICA, INC

Service code 49 · EIN 11-2551174

Other Services

$42,998

WILSHIRE ASSOCIATES INCORPORATED4 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

PERSONAL TOUCH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PERSONAL TOUCH 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