Retirement plan

NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN

Name: NEW YORK THERAPY PLACEMENT SERVICES INC. - NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: NEW YORK THERAPY PLACEMENT SERVICES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN, NEW YORK THERAPY PLACEMENT SERVICES INC.

NEW YORK THERAPY PLACEMENT SERVICES INC.EIN 11-3139640Plan #003PY 2019

299 HALLOCK AVENUE - PORT JEFFERSON STATION, NY 11776631-473-4284nytps.comLinkedIn501-1000 employeeseducation management

Other plans on this EIN

3 filings

#006Retirement-$5.0M assets #004Retirement-$252K assets #005Retirement-$103K assets

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$4.2M

+9.1% from 2018

Total participants

+5.7% from 2018

Average account balance

$79,129

+7.0% from 2018

Annual return

19.73%

+77.17 pp from 2018

Benchmarks

See 4,197 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort4,197 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.22M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

51.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$76K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3577

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

Top 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK TRUST COMPANY LLC Service code 15 · EIN 80-0709115	Recordkeeping	$19,707
CREATIVE PLAN DESIGNS, LTD2 years Service code 15 · EIN 11-2515970	Recordkeeping	$3,383
GRODSKY, CAPORRINO & KAUFMAN, LLP2 years Service code 10 · EIN 46-2774241	Accounting	$0

Plan features & details

Pension benefit codes2A2E2J2F2G2R3D3H

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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$562K

$10613 / participant

Other / not subdivided$562K100.0%

% of EOY assets

13.412%

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

$79,129

$48,053+64.7%

$84,637-6.5%

$72,976+8.4%

Participation rate

60.4%

57.6%+2.8pp

68.2%-7.9pp

69.5%-9.1pp

Annual return

19.73%

37.39%-17.7pp

258.82%-239.1pp

81.02%-61.3pp

Employer contribution / active EE

$35

$1,602-97.8%

$2,653-98.7%

$2,440-98.6%

Participant deferral / active EE

$2,319

$2,681-13.5%

$3,900-40.5%

$3,608-35.7%

Admin fee / account holder

$10,613

$3,395+212.6%

$4,914+115.9%

$5,124+107.1%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK TRUST COMPANY LLC

Service code 15 · EIN 80-0709115

Recordkeeping

$19,707

CREATIVE PLAN DESIGNS, LTD2 years

Service code 15 · EIN 11-2515970

Recordkeeping

$3,383

GRODSKY, CAPORRINO & KAUFMAN, LLP2 years

Service code 10 · EIN 46-2774241

Accounting

NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING 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