Retirement plan

AID TO THE DEVELOPMENTALLY DISABLED, INC. RETIREMENT PLAN

Name: AID TO THE DEVELOPMENTALLY DISABLED, INC. - AID TO THE DEVELOPMENTALLY DISABLED, INC. RETIREMENT PLAN (2020) Form 5500
Creator: AID TO THE DEVELOPMENTALLY DISABLED, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AID TO THE DEVELOPMENTALLY DISABLED, INC. RETIREMENT PLAN, AID TO THE DEVELOPMENTALLY DISABLED, INC.

AID TO THE DEVELOPMENTALLY DISABLED, INC.EIN 11-2573451Plan #001PY 2020

201 EAST MAIN STREET, SUITE 508 - RIVERHEAD, NY 11901631-727-6220addny.comLinkedIn201-500 employeesmental health care

Other plans on this EIN

1 filing

#002Retirement-$944K assets

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.8M

+5.5% from 2019

Total participants

262

+21.3% from 2019

Average account balance

$30,767

-22.3% from 2019

Annual return

13.86%

+3.65 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.03M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

198

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.

31.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$179

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 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC2 years Service code 15 · EIN 11-3665754	Recordkeeping	$18,236
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 · EIN 13-5674085	Advisory (Plan)	$14,740

Plan features & details

Pension benefit codes2E2G2J2K2F2T

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.
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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant 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

$33K

$195 / participant

Investment mgmt$15K44.7%
Contract admin$18K55.3%

% of EOY assets

0.487%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,767

$58,888-47.8%

$178,498-82.8%

$73,493-58.1%

Participation rate

75.1%

66.2%+8.9pp

81.9%-6.8pp

70.7%+4.5pp

Annual return

13.86%

24.86%-11.0pp

151.09%-137.2pp

28.51%-14.7pp

Employer contribution / active EE

$1,617

$2,236-27.7%

$5,011-67.7%

$2,270-28.8%

Participant deferral / active EE

$654

$2,568-74.5%

$5,202-87.4%

$3,740-82.5%

Admin fee / account holder

$150

$400-62.6%

$13,985-98.9%

$513-70.8%

Provider

Service type

Compensation

ASCENSUS LLC2 years

Service code 15 · EIN 11-3665754

Recordkeeping

$18,236

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH RETIREMENT & BENEFIT

Service code 27 · EIN 13-5674085

Advisory (Plan)

$14,740

AID TO THE DEVELOPMENTALLY DISABLED, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AID TO THE DEVELOPMENTALLY DISABLED, INC. 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