Retirement plan

LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN

Name: LONG ISLAND CARE CENTER - LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN (2017) Form 5500
Creator: LONG ISLAND CARE CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN, LONG ISLAND CARE CENTER

LONG ISLAND CARE CENTEREIN 11-3096628Plan #001PY 2017

144-61 38TH AVENUE - FLUSHING, NY 11354718-939-7500licare.comLinkedIn51-200 employeeshospital & health care

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$4.2M

+17.2% from 2016

Total participants

171

-26.0% from 2016

Average account balance

$28,078

+29.7% from 2016

Annual return

14.95%

+11.32 pp from 2016

Benchmarks

See 17,855 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,855 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.62M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

154

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$344K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$197

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 3 by compensation

Provider	Service type	Compensation
STONE HILL FIDUCIARY MANAGEMENT LL3+ years Filed as: STONE HILL FIDUCIARY MANAGEMENT Service code 26 1010 NORTHERN BLVD STE 308 · GREAT NECK, NY 11021	Advisory (Participants)	$15,566
CARON & BLETZER, PLLC1 year Service code 10 1 LIBRARY LANE · KINGSTON, NH 03848	Accounting	$15,000
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969	Recordkeeping	$11,491

Plan features & details

Pension benefit codes2E2J2F2G3D2T2K3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$42K

$546 / participant

Investment mgmt$16K37.0%
Contract admin$11K27.3%
Other / not subdivided$15K35.7%

% of EOY assets

0.999%

all-in expense ratio

Categories reported

2 / 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: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,078

$84,233-66.7%

$170,436-83.5%

$70,131-60.0%

Participation rate

72.7%

70.8%+1.9pp

83.6%-10.9pp

69.5%+3.2pp

Annual return

14.95%

23.06%-8.1pp

205.94%-191.0pp

73.14%-58.2pp

Employer contribution / active EE

$1,723

$3,387-49.1%

$5,433-68.3%

$2,342-26.4%

Participant deferral / active EE

$1,099

$3,086-64.4%

$4,939-77.7%

$3,332-67.0%

Admin fee / account holder

$280

$5,698-95.1%

$13,880-98.0%

$4,645-94.0%

Provider

Service type

Compensation

STONE HILL FIDUCIARY MANAGEMENT LL3+ years

Filed as: STONE HILL FIDUCIARY MANAGEMENT

Service code 26

1010 NORTHERN BLVD STE 308 · GREAT NECK, NY 11021

Advisory (Participants)

$15,566

CARON & BLETZER, PLLC1 year

Service code 10

1 LIBRARY LANE · KINGSTON, NH 03848

Accounting

$15,000

NEWPORT GROUP, INC.2 years

Service code 15 · EIN 27-2037969

Recordkeeping

$11,491

LONG ISLAND CARE CENTER 401(K) SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LONG ISLAND CARE CENTER 401(K) SAVINGS AND 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