Retirement plan

METROPOLITAN JEWISH PENSION PLAN

Name: METROPOLITAN JEWISH HEALTH SYSTEM, INC. - METROPOLITAN JEWISH PENSION PLAN (2023) Form 5500
Creator: METROPOLITAN JEWISH HEALTH SYSTEM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METROPOLITAN JEWISH PENSION PLAN, METROPOLITAN JEWISH HEALTH SYSTEM, INC.

METROPOLITAN JEWISH HEALTH SYSTEM, INC.EIN 11-3538697Plan #002PY 2023

55 WATER STREET, 46TH FLOOR - NEW YORK, NY 10041718-491-7110LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#003Retirement-$171.0M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$141.8M

-10.5% from 2016

Total participants

2,547

-8.3% from 2016

Average account balance

$69,940

-2.3% from 2016

Annual return

15.09%

-7.52 pp from 2016

Benchmarks

See 1,405 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,405 peers

Snapshot2023

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION7 years Service code 64 · EIN 35-0472300	Recordkeeping Fees	$173,253
HANYS BENEFIT SERVICES6 years Filed as: HANYS BENEFIT SERVICESE Service code 27 · EIN 14-1764768	Advisory (Plan)	$94,188

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

$174K

$90 / participant

Investment mgmt$94K54.2%
Contract admin$79K45.8%

% of EOY assets

0.122%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,940

$50,169+39.4%

$149,740-53.3%

$80,187-12.8%

Participation rate

72.9%

64.3%+8.6pp

78.8%-5.9pp

72.9%0pp

Annual return

15.09%

29.82%-14.7pp

134.51%-119.4pp

40.40%-25.3pp

Employer contribution / active EE

$4,196

$1,869+124.5%

$4,821-13.0%

$2,980+40.8%

Participant deferral / active EE

$3,194-100.0%

$5,683-100.0%

$5,016-100.0%

Admin fee / account holder

$86

$153-43.9%

$13,222-99.4%

$145-40.9%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION7 years

Service code 64 · EIN 35-0472300

Recordkeeping Fees

$173,253

HANYS BENEFIT SERVICES6 years

Filed as: HANYS BENEFIT SERVICESE

Service code 27 · EIN 14-1764768

Advisory (Plan)

$94,188

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