Retirement plan

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

Name: NEW YORK THERAPY PLACEMENT SERVICES INC. - NEW YORK THERAPY PLACEMENT INC. 401(K) PROFIT SHARING PLAN II (2020) 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 II, NEW YORK THERAPY PLACEMENT SERVICES INC.

NEW YORK THERAPY PLACEMENT SERVICES INC.EIN 11-3139640Plan #004PY 2020

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

Other plans on this EIN

3 filings

#006Retirement-$5.7M assets #003Retirement-$4.9M assets #005Retirement-$94K assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$271K

+7.4% from 2019

Total participants

-25.0% from 2019

Average account balance

$12,898

+12.5% from 2019

Annual return

9.06%

+13.35 pp from 2019

Benchmarks

See 14,142 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort14,142 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$292K

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$893

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

+17.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
CREATIVE PLAN DESIGNS, LTD1 year Service code 15 · EIN 11-2515970	Recordkeeping	$6,702
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK TRUST COMPANY LLC Service code 15 · EIN 80-0709115	Recordkeeping	$1,640

Plan features & details

Pension benefit codes2A2E2J2F2G3D3H

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.
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

2 tripped

OpportunityLow participant contribution
Participant 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

$17K

$1415 / participant

Other / not subdivided$17K100.0%

% of EOY assets

6.271%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,898

$109,327-88.2%

$89,391-85.6%

$158,922-91.9%

Participation rate

75.0%

74.3%+0.7pp

68.0%+7.0pp

82.0%-7.0pp

Annual return

9.06%

345.68%-336.6pp

245.62%-236.6pp

302.83%-293.8pp

Employer contribution / active EE

$3,170-100.0%

$2,586-100.0%

$4,761-100.0%

Participant deferral / active EE

$376

$4,598-91.8%

$3,890-90.3%

$5,982-93.7%

Admin fee / account holder

$809

$6,153-86.9%

$4,881-83.4%

$11,246-92.8%

Provider

Service type

Compensation

CREATIVE PLAN DESIGNS, LTD1 year

Service code 15 · EIN 11-2515970

Recordkeeping

$6,702

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK TRUST COMPANY LLC

Service code 15 · EIN 80-0709115

Recordkeeping

$1,640

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

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 II

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