Retirement plan

CORNERSTONE TREATMENT FACILITIES NETWORK 401(K) PLAN

Name: MEDICAL ARTS SANITARIUM, INC. - CORNERSTONE TREATMENT FACILITIES NETWORK 401(K) PLAN (2023) Form 5500
Creator: MEDICAL ARTS SANITARIUM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORNERSTONE TREATMENT FACILITIES NETWORK 401(K) PLAN, MEDICAL ARTS SANITARIUM, INC.

MEDICAL ARTS SANITARIUM, INC.dba CORNERSTONE TREATMENT FACILITIES NETWORKEIN 13-1030650Plan #003PY 2023

159-05 UNION TURNPIKE - FRESH MEADOWS, NY 11366718-906-6700cornerstoneny.comLinkedIn201-500 employeeshospital & health care

Other plans on this EIN

1 filing

#004Retirement-$8.5M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$11.3M

-75.7% from 2022

Total participants

372

+3.0% from 2022

Average account balance

$33,122

-75.7% from 2022

Annual return

-65.88%

-100.88 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.29M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

358

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.

84.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$595K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17

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 1 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY8+ years Service code 27 · EIN 71-0294708	Advisory (Plan)	$5,583

Plan features & details

Pension benefit codes2E2G2J2K2S3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$7K

$39 / participant

Contract admin$7K100.0%

% of EOY assets

0.064%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEVINE & ASSOCIATES
Auditor EIN: 463089743
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,122

$61,356-46.0%

$149,696-77.9%

$71,511-53.7%

Participation rate

84.1%

62.5%+21.6pp

78.8%+5.4pp

67.9%+16.2pp

Annual return

-65.88%

35.86%-101.7pp

134.46%-200.3pp

28.86%-94.7pp

Employer contribution / active EE

$2,382-100.0%

$4,821-100.0%

$2,589-100.0%

Participant deferral / active EE

$3,084

$2,920+5.6%

$5,682-45.7%

$4,291-28.1%

Admin fee / account holder

$21

$1,263-98.3%

$13,212-99.8%

$1,588-98.7%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY8+ years

Service code 27 · EIN 71-0294708

Advisory (Plan)

$5,583

CORNERSTONE TREATMENT FACILITIES NETWORK 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORNERSTONE TREATMENT FACILITIES NETWORK 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