Retirement plan

RETIREMENT PLAN FOR EMPLOYEES OF COBBLE HILL NURSING HOME

Name: COBBLE HILL HEALTH CENTER, INC - RETIREMENT PLAN FOR EMPLOYEES OF COBBLE HILL NURSING HOME (2023) Form 5500
Creator: COBBLE HILL HEALTH CENTER, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PLAN FOR EMPLOYEES OF COBBLE HILL NURSING HOME, COBBLE HILL HEALTH CENTER, INC

COBBLE HILL HEALTH CENTER, INCEIN 11-2388200Plan #001PY 2023

380 HENRY STREET - BROOKLYN, NY 11201718-855-6789LinkedIn1-10 employeeshospitality

Prospect flagsHigh retiree %Low returns

How to read this page

Total assets (EOY)

$10.1M

+15.3% from 2022

Total participants

146

+2.8% from 2022

Average account balance

$69,934

+8.1% from 2022

Annual return

12.43%

+28.24 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.32M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

148

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.

92.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$652K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+8.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$26

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
MORNINGSTAR9+ years Service code 27	Advisory (Plan)	$0
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$0
VOYA RETIREMENT INSURANCE & ANNUITY9+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2T3D2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$3K

$39 / participant

Contract admin$3K100.0%

% of EOY assets

0.029%

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: FASTEN HALBERSTAM
Auditor EIN: 472319109
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,934

$77,908-10.2%

$149,696-53.3%

$75,173-7.0%

Participation rate

98.6%

65.6%+33.1pp

78.8%+19.9pp

67.2%+31.4pp

Annual return

12.43%

31.73%-19.3pp

134.46%-122.0pp

160.72%-148.3pp

Employer contribution / active EE

$9,790

$3,138+212.0%

$4,821+103.1%

$2,671+266.5%

Participant deferral / active EE

$3,411-100.0%

$5,682-100.0%

$4,126-100.0%

Admin fee / account holder

$20

$5,950-99.7%

$13,212-99.8%

$5,651-99.6%

Provider

Service type

Compensation

MORNINGSTAR9+ years

Service code 27

Advisory (Plan)

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

VOYA RETIREMENT INSURANCE & ANNUITY9+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

RETIREMENT PLAN FOR EMPLOYEES OF COBBLE HILL NURSING HOME

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT PLAN FOR EMPLOYEES OF COBBLE HILL NURSING HOME

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