Retirement plan

GNYHA PROFIT SHARING AND SAVINGS PLAN

Name: GREATER NEW YORK HOSPITAL ASSOCIATION - GNYHA PROFIT SHARING AND SAVINGS PLAN (2018) 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 2018

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)

$79.6M

-1.7% from 2017

Total participants

541

+0.2% from 2017

Average account balance

$147,077

-1.9% from 2017

Annual return

-3.54%

-19.96 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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 SOLUTIONS4+ years Service code 12 · EIN 13-3689044	Shareholder servicing fees; Distribut...	$294,387
ASPIRE FINANCIAL SERVICES2 years Filed as: ASPIRE ADVISORS, LLC Service code 27 · EIN 14-1764768	Advisory (Plan)	$166,702
NATIONAL FINANCIAL SERVICES4+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2T

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.

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

$461K

$1652 / participant

Investment mgmt$167K36.2%
Other / not subdivided$294K63.8%

% of EOY assets

0.579%

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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$147,077

$37,196+295.4%

$154,108-4.6%

$55,725+163.9%

Participation rate

100.0%

64.1%+35.9pp

83.0%+17.0pp

70.9%+29.1pp

Annual return

-3.54%

1319.68%-1323.2pp

735.21%-738.7pp

244.93%-248.5pp

Employer contribution / active EE

$8,960

$1,614+455.1%

$5,298+69.1%

$2,078+331.2%

Participant deferral / active EE

$9,386

$2,068+353.8%

$5,081+84.7%

$3,356+179.7%

Admin fee / account holder

$852

$102+738.6%

$13,411-93.6%

$115+639.7%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Service code 12 · EIN 13-3689044

Shareholder servicing fees; Distribut...

$294,387

ASPIRE FINANCIAL SERVICES2 years

Filed as: ASPIRE ADVISORS, LLC

Service code 27 · EIN 14-1764768

Advisory (Plan)

$166,702

NATIONAL FINANCIAL SERVICES4+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

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