Retirement plan

HAYM SALOMON HOME 401(K) PLAN

Name: HAYM SALOMON HOME FOR THE AGED LLC - HAYM SALOMON HOME 401(K) PLAN (2020) Form 5500
Creator: HAYM SALOMON HOME FOR THE AGED LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAYM SALOMON HOME 401(K) PLAN, HAYM SALOMON HOME FOR THE AGED LLC

HAYM SALOMON HOME FOR THE AGED LLCEIN 11-6397386Plan #001PY 2020

2340 CROPSEY AVENUE - BROOKLYN, NY 11214718-535-9520LinkedIn1-10 employeeslaw enforcement

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.8M

-1.8% from 2019

Total participants

+1.1% from 2019

Average account balance

$30,325

-2.8% from 2019

Annual return

5.94%

-3.85 pp from 2019

Benchmarks

See 18,639 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,639 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.46M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

107

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.

127.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$412K

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

+7.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2484

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$414K

$7529 / participant

Other / not subdivided$414K100.0%

% of EOY assets

15.006%

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

$30,325

$91,194-66.7%

$178,486-83.0%

$79,860-62.0%

Participation rate

94.5%

69.2%+25.3pp

81.9%+12.6pp

69.6%+24.9pp

Annual return

5.94%

24.19%-18.3pp

151.08%-145.1pp

31.72%-25.8pp

Employer contribution / active EE

$757

$3,256-76.8%

$5,011-84.9%

$2,471-69.4%

Participant deferral / active EE

$2,842

$3,236-12.2%

$5,202-45.4%

$3,740-24.0%

Admin fee / account holder

$4,551

$6,751-32.6%

$13,985-67.5%

$5,306-14.2%

HAYM SALOMON HOME 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAYM SALOMON HOME 401(K) 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