Retirement plan

METROPOLITAN JEWISH PENSION PLAN

Name: METROPOLITAN JEWISH HEALTH SYS - METROPOLITAN JEWISH PENSION PLAN (2017) Form 5500
Creator: METROPOLITAN JEWISH HEALTH SYS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METROPOLITAN JEWISH PENSION PLAN, METROPOLITAN JEWISH HEALTH SYS

METROPOLITAN JEWISH HEALTH SYSEIN 11-3538697Plan #002PY 2017

6323 7TH AVE. - BROOKLYN, NY 11220718-491-7221LinkedIn1-10 employeesmedical practice

Other plans on this EIN

2 filings

#003Retirement-$81.2M assets #004Retirement-$3.3M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$86.6M

-10.5% from 2016

Total participants

2,098

-8.3% from 2016

Average account balance

$45,771

-2.3% from 2016

Annual return

13.78%

-7.52 pp from 2016

Benchmarks

See 1,308 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,308 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$161.09M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

2,070

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.

72.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$90

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
LINCOLN NATIONAL CORPORATION1 year Service code 64 · EIN 35-0472300	Recordkeeping Fees	$21,082
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 64 · EIN 04-1590850	Recordkeeping Fees	$4,635

Plan features & details

Pension benefit codes2E2A2F2G3D3H2T

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$3 / participant

Contract admin$5K100.0%

% of EOY assets

0.006%

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: LOEB AND TROPER, LLP
Auditor EIN: 131517563
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,771

$44,989+1.7%

$170,435-73.1%

$77,958-41.3%

Participation rate

86.1%

64.6%+21.5pp

83.6%+2.5pp

71.6%+14.5pp

Annual return

13.78%

19.61%-5.8pp

205.94%-192.2pp

20.87%-7.1pp

Employer contribution / active EE

$4,655

$1,466+217.5%

$5,432-14.3%

$2,310+101.5%

Participant deferral / active EE

$2,208-100.0%

$4,939-100.0%

$3,537-100.0%

Admin fee / account holder

$69-96.3%

$13,881-100.0%

$97-97.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1 year

Service code 64 · EIN 35-0472300

Recordkeeping Fees

$21,082

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 64 · EIN 04-1590850

Recordkeeping Fees

$4,635

METROPOLITAN JEWISH PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METROPOLITAN JEWISH PENSION 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