Retirement plan

LONG ISLAND HOUSING PARTNERSHIP, INC.

Name: LONG ISLAND HOUSING PARTNERSHI - LONG ISLAND HOUSING PARTNERSHIP, INC. (2024) Form 5500
Creator: LONG ISLAND HOUSING PARTNERSHI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LONG ISLAND HOUSING PARTNERSHIP, INC., LONG ISLAND HOUSING PARTNERSHI

LONG ISLAND HOUSING PARTNERSHIEIN 11-2889068Plan #002PY 2024

180 OSER AVE - HAUPPAUGE, NY 117883736631-435-4710lihp.orgLinkedIn11-50 employeesprogram development

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.7M

+12.2% from 2023

Total participants

-6.3% from 2023

Average account balance

$128,851

+17.3% from 2023

Annual return

10.54%

-0.98 pp from 2023

Benchmarks

See 20,156 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort20,156 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.67M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

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.

191.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$261K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+10.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3997

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 codes2G3D2J

Plan features

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.
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

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

$176K

$7646 / participant

Other / not subdivided$176K100.0%

% of EOY assets

3.102%

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

$128,851

$210,698-38.8%

$178,014-27.6%

$145,959-11.7%

Participation rate

95.7%

80.8%+14.9pp

77.1%+18.6pp

80.3%+15.4pp

Annual return

10.54%

386.27%-375.7pp

294.80%-284.3pp

561.95%-551.4pp

Employer contribution / active EE

$5,053

$4,567+10.6%

$3,950+27.9%

$4,661+8.4%

Participant deferral / active EE

$6,299

$6,958-9.5%

$6,276+0.4%

$6,689-5.8%

Admin fee / account holder

$3,997

$12,016-66.7%

$10,362-61.4%

$13,398-70.2%

LONG ISLAND HOUSING PARTNERSHIP, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LONG ISLAND HOUSING PARTNERSHIP, 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