Retirement plan

403(B) THRIFT PLAN OF LONG ISLAND CARES, INC. LONG ISLAND CARES, INC.

Name: LONG ISLAND CARES, INC. - 403(B) THRIFT PLAN OF LONG ISLAND CARES, INC. LONG ISLAND CARES, INC. (2016) Form 5500
Creator: LONG ISLAND CARES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF LONG ISLAND CARES, INC. LONG ISLAND CARES, INC., LONG ISLAND CARES, INC.

LONG ISLAND CARES, INC.EIN 11-2524512Plan #001PY 2016

10 DAVIDS DR - HAUPPAUGE, NY 11788631-582-3663longislandcarpet.comLinkedIn1-10 employeesconsumer services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

-0.4% from 2015

Total participants

+11.5% from 2015

Average account balance

$24,761

-5.9% from 2015

Annual return

9.78%

+4.84 pp from 2015

Benchmarks

See 17,769 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,769 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.88M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

106

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.

135.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$459K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2768

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2L2S2T

Plan features

2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$349K

$7419 / participant

Other / not subdivided$349K100.0%

% of EOY assets

25.605%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,761

$77,638-68.1%

$156,551-84.2%

$62,881-60.6%

Participation rate

93.6%

71.2%+22.4pp

84.0%+9.6pp

69.3%+24.3pp

Annual return

9.78%

50.33%-40.5pp

32.23%-22.4pp

20.14%-10.4pp

Employer contribution / active EE

$1,210

$3,444-64.9%

$5,501-78.0%

$2,281-46.9%

Participant deferral / active EE

$3,217

$3,046+5.6%

$4,871-34.0%

$3,203+0.4%

Admin fee / account holder

$6,340

$5,561+14.0%

$13,028-51.3%

$4,296+47.6%

403(B) THRIFT PLAN OF LONG ISLAND CARES, INC. LONG ISLAND CARES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF LONG ISLAND CARES, INC. LONG ISLAND CARES, INC.

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