Retirement plan

FAMILY RESIDENCES RETIREMENT & 401(K) SAVINGS PLAN

Name: FAMILY RESIDENCES & ESSENTIAL ENTERPRISES, INC. - FAMILY RESIDENCES RETIREMENT & 401(K) SAVINGS PLAN (2017) Form 5500
Creator: FAMILY RESIDENCES & ESSENTIAL ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY RESIDENCES RETIREMENT & 401(K) SAVINGS PLAN, FAMILY RESIDENCES & ESSENTIAL ENTERPRISES, INC.

FAMILY RESIDENCES & ESSENTIAL ENTERPRISES, INC.EIN 11-2420547Plan #002PY 2017

191 SWEET HOLLOW ROAD - OLD BETHPAGE, NY 118041314516-870-1600LinkedIn1001-5000 employeesindividual & family services

Other plans on this EIN

1 filing

#003Retirement-$1.0M assets

Prospect flagsLow returnsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$35.9M

+12.8% from 2016

Total participants

2,643

-8.3% from 2016

Average account balance

$14,833

+22.9% from 2016

Annual return

13.87%

+5.69 pp from 2016

Benchmarks

See 1,308 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,308 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$78.05M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

2,507

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.

89.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE IN. CO. Service code 52 · EIN 04-1590850	Indirect Investment Fees	$342,067
THE ANGELL PENSION GROUP, INC.3+ years Service code 13	Contract Administrator	$68,177
THE ANGELL PENSION GROUP, INC.3+ years Filed as: THE ANGELL PENSION GROUP Service code 13 · EIN 04-2530412	Contract Administrator	$498
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETSS MUTUAL LIFE INS. CO. Service code 52	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$343K

$167 / participant

Other / not subdivided$343K100.0%

% of EOY assets

0.954%

all-in expense ratio

Categories reported

0 / 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: LILLING & COMPANY, LLP
Auditor EIN: 133447681
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,833

$44,989-67.0%

$170,435-91.3%

$77,958-81.0%

Participation rate

89.1%

64.6%+24.5pp

83.6%+5.5pp

71.6%+17.5pp

Annual return

13.87%

19.61%-5.7pp

205.94%-192.1pp

20.87%-7.0pp

Employer contribution / active EE

$698

$1,466-52.4%

$5,432-87.1%

$2,310-69.8%

Participant deferral / active EE

$1,027

$2,208-53.5%

$4,939-79.2%

$3,537-70.9%

Admin fee / account holder

$142

$69+105.3%

$13,881-99.0%

$97+45.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE IN. CO.

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$342,067

THE ANGELL PENSION GROUP, INC.3+ years

Service code 13

Contract Administrator

$68,177

THE ANGELL PENSION GROUP, INC.3+ years

Filed as: THE ANGELL PENSION GROUP

Service code 13 · EIN 04-2530412

Contract Administrator

$498

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETSS MUTUAL LIFE INS. CO.

Service code 52

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52

Indirect Investment Fees

FAMILY RESIDENCES RETIREMENT & 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY RESIDENCES RETIREMENT & 401(K) SAVINGS 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