Retirement plan

LONG ISLAND HOUSING PARTNERSHIP, INC.

Name: LONG ISLAND HOUSING PARTNERSHIP - LONG ISLAND HOUSING PARTNERSHIP, INC. (2023) Form 5500
Creator: LONG ISLAND HOUSING PARTNERSHIP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LONG ISLAND HOUSING PARTNERSHIP, INC., LONG ISLAND HOUSING PARTNERSHIP

LONG ISLAND HOUSING PARTNERSHIPEIN 11-2889068Plan #002PY 2023

180 OSER AVE, SUITE 800 - HAUPPAUGE, NY 117883736631-435-4710lihp.orgLinkedIn11-50 employeesprogram development

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.1M

+10.7% from 2022

Total participants

-7.7% from 2022

Average account balance

$109,810

+20.3% from 2022

Annual return

11.52%

+23.96 pp from 2022

Benchmarks

See 19,270 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants<25

Cohort19,270 peers

Snapshot2023

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

$311K

$12973 / participant

Other / not subdivided$311K100.0%

% of EOY assets

6.164%

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

$109,810

$202,463-45.8%

$169,397-35.2%

$139,487-21.3%

Participation rate

91.7%

81.1%+10.6pp

77.2%+14.5pp

80.3%+11.3pp

Annual return

11.52%

532.64%-521.1pp

406.23%-394.7pp

373.84%-362.3pp

Employer contribution / active EE

$5,136

$4,694+9.4%

$4,013+28.0%

$4,755+8.0%

Participant deferral / active EE

$6,221

$6,941-10.4%

$6,2230%

$6,713-7.3%

Admin fee / account holder

$6,768

$10,726-36.9%

$9,017-24.9%

$11,407-40.7%

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