Retirement plan

THE GOLDEN PLAN

Name: PARK NURSING HOME C/O ROCKAWAY CARE CTR - THE GOLDEN PLAN (2024) Form 5500
Creator: PARK NURSING HOME C/O ROCKAWAY CARE CTR
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE GOLDEN PLAN, PARK NURSING HOME C/O ROCKAWAY CARE CTR

PARK NURSING HOME C/O ROCKAWAY CARE CTREIN 11-2969370Plan #001PY 2024

353 BEACH 48TH STREET - EDGEMERE, NY 11691718-471-5000LinkedIn51-200 employeeshospital & health care

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$3.4M

+2.0% from 2023

Total participants

940

+15.6% from 2023

Average account balance

$50,327

+9.6% from 2023

Annual return

7.30%

-3.06 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.37M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

4.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$235K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$258

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

+7.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$171

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 5 by compensation

Provider	Service type	Compensation
PENSION STRATEGIES, LLC4 years Filed as: PENSION STRATEGIES, CORP. Service code 64	Recordkeeping Fees	$15,931
ABLE WEALTH MANAGEMENT LLC3 years Service code 51 · EIN 83-1095109 5 KEVIN CT · JACKSON, NJ 08527	Investment Mgmt Fees	$8,337
NATIONWIDE3 years Service code 37 · EIN 31-4177100 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Loan Processing	$6,729
PENSION STRATEGIES, LLC3 years Filed as: PENSION STRATEGIES, CORP Service code 37 · EIN 45-4549512 251 2ND STREET SUITE 308 · LAKEWOOD, NJ 08701	Loan Processing	$3,470
PROACCOUNT1 year Service code 26 · EIN 73-0988442 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Participants)	$123

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H2E

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.
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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$11K

$13 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.341%

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

$50,327

$50,919-1.2%

$155,556-67.6%

$77,762-35.3%

Participation rate

4.3%

63.1%-58.8pp

78.2%-73.9pp

70.6%-66.3pp

Annual return

7.30%

34.84%-27.5pp

64.84%-57.5pp

31.27%-24.0pp

Employer contribution / active EE

$1,991-100.0%

$4,675-100.0%

$2,728-100.0%

Participant deferral / active EE

$258

$2,824-90.9%

$5,631-95.4%

$4,651-94.5%

Admin fee / account holder

$171

$437-60.7%

$15,885-98.9%

$433-60.4%

Provider

Service type

Compensation

PENSION STRATEGIES, LLC4 years

Filed as: PENSION STRATEGIES, CORP.

Service code 64

Recordkeeping Fees

$15,931

ABLE WEALTH MANAGEMENT LLC3 years

Service code 51 · EIN 83-1095109

5 KEVIN CT · JACKSON, NJ 08527

Investment Mgmt Fees

$8,337

NATIONWIDE3 years

Service code 37 · EIN 31-4177100

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Loan Processing

$6,729

PENSION STRATEGIES, LLC3 years

Filed as: PENSION STRATEGIES, CORP

Service code 37 · EIN 45-4549512

251 2ND STREET SUITE 308 · LAKEWOOD, NJ 08701

Loan Processing

$3,470

PROACCOUNT1 year

Service code 26 · EIN 73-0988442

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Participants)

$123

THE GOLDEN PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE GOLDEN 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