Retirement plan

THE SILVERCREST CENTER FOR NURSING AND REHABILITATION RETIREMENT AND SAVINGS PLAN

Name: THE SILVERCREST CENTER FOR NURSING AND REHABILITATION - THE SILVERCREST CENTER FOR NURSING AND REHABILITATION RETIREMENT AND SAVINGS PLAN (2019) Form 5500
Creator: THE SILVERCREST CENTER FOR NURSING AND REHABILITATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE SILVERCREST CENTER FOR NURSING AND REHABILITATION RETIREMENT AND SAVINGS PLAN, THE SILVERCREST CENTER FOR NURSING AND REHABILITATION

THE SILVERCREST CENTER FOR NURSING AND REHABILITATIONEIN 11-2925535Plan #001PY 2019

144-45 87TH AVENUE - JAMAICA, NY 11435718-480-4016

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$21.5M

+17.4% from 2018

Total participants

632

+50.1% from 2018

Average account balance

$51,776

+10.9% from 2018

Annual return

13.95%

+16.86 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.36M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

613

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.

40.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$161

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
VALIC RETIREMENT SERVICES COMPANY5+ years Service code 19 · EIN 51-0396365	Securities Custodian	$36,709
TRANSAMERICA RETIREMENT SOLUTIONS4 years Service code 12 · EIN 13-3689044	Participant communication; Float reve...	$80

Plan features & details

Pension benefit codes2A2F2G2L2T3H

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).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$37K

$75 / participant

Contract admin$37K99.8%
Other / not subdivided$800.2%

% of EOY assets

0.171%

all-in expense ratio

Categories reported

1 / 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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,776

$62,928-17.7%

$172,752-70.0%

$67,579-23.4%

Participation rate

56.0%

64.5%-8.5pp

82.6%-26.6pp

71.3%-15.3pp

Annual return

13.95%

30.36%-16.4pp

802.97%-789.0pp

378.56%-364.6pp

Employer contribution / active EE

$508

$1,636-68.9%

$5,144-90.1%

$2,148-76.3%

Participant deferral / active EE

$2,130

$2,145-0.7%

$5,198-59.0%

$3,539-39.8%

Admin fee / account holder

$88

$167-46.9%

$13,955-99.4%

$142-37.8%

Provider

Service type

Compensation

VALIC RETIREMENT SERVICES COMPANY5+ years

Service code 19 · EIN 51-0396365

Securities Custodian

$36,709

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Service code 12 · EIN 13-3689044

Participant communication; Float reve...

$80

THE SILVERCREST CENTER FOR NURSING AND REHABILITATION RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE SILVERCREST CENTER FOR NURSING AND REHABILITATION RETIREMENT AND 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