Retirement plan

GNYHA PROFIT SHARING AND SAVINGS PLAN

Name: GREATER NEW YORK HOSPITAL ASSOCIATION - GNYHA PROFIT SHARING AND SAVINGS PLAN (2016) Form 5500
Creator: GREATER NEW YORK HOSPITAL ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GNYHA PROFIT SHARING AND SAVINGS PLAN, GREATER NEW YORK HOSPITAL ASSOCIATION

GREATER NEW YORK HOSPITAL ASSOCIATIONEIN 13-1552496Plan #002PY 2016

555 WEST 57TH STREET - NEW YORK, NY 100192925212-246-7100gnyha.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$78.5M

+14.1% from 2015

Total participants

671

+8.9% from 2015

Average account balance

$128,736

+15.2% from 2015

Annual return

9.62%

-20.55 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$107.24M

Not enough data

1 years with asset history on file

Average account balance

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

$292K

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.

367

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+15.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$758

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 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Finders' fees / placement fees; Parti...	$251,195
HEALTHCARE COMMUNITY SECURITIES COR2+ years Service code 16 · EIN 14-1764768	Consulting	$141,303
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2G2J2T

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.
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.

Opportunity flags

1 tripped

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

$392K

$1189 / participant

Investment mgmt$141K36.0%
Other / not subdivided$251K64.0%

% of EOY assets

0.500%

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 & TROEPER
Auditor EIN: 131517563
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$128,736

$36,916+248.7%

$156,551-17.8%

$57,658+123.3%

Participation rate

81.5%

63.4%+18.1pp

84.0%-2.5pp

70.2%+11.3pp

Annual return

9.62%

12.38%-2.8pp

32.23%-22.6pp

5.13%+4.5pp

Employer contribution / active EE

$9,638

$1,571+513.7%

$5,501+75.2%

$1,974+388.3%

Participant deferral / active EE

$9,740

$1,926+405.8%

$4,871+100.0%

$3,061+218.3%

Admin fee / account holder

$643

$82+679.8%

$13,028-95.1%

$95+580.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Finders' fees / placement fees; Parti...

$251,195

HEALTHCARE COMMUNITY SECURITIES COR2+ years

Service code 16 · EIN 14-1764768

Consulting

$141,303

NATIONAL FINANCIAL SERVICES2+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

GNYHA PROFIT SHARING AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GNYHA PROFIT SHARING AND SAVINGS 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