Retirement plan

THE FLOATING HOSPITAL TAX SHELTERED ANNUITY PLAN

Name: THE FLOATING HOSPITAL, INC. - THE FLOATING HOSPITAL TAX SHELTERED ANNUITY PLAN (2024) Form 5500
Creator: THE FLOATING HOSPITAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE FLOATING HOSPITAL TAX SHELTERED ANNUITY PLAN, THE FLOATING HOSPITAL, INC.

THE FLOATING HOSPITAL, INC.EIN 13-1624169Plan #001PY 2024

21-01 41ST AVENUE, P.O. BOX 8397 - LONG ISLAND CITY, NY 11101718-784-2240thefloatinghospital.orgLinkedIn201-500 employeeshospital & health care

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.6M

+16.2% from 2023

Total participants

298

-13.1% from 2023

Average account balance

$38,899

+31.8% from 2023

Annual return

13.15%

-2.23 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$11.59M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

298

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

$1.30M

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$114

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
PENTEGRA SERVICES, INC.3 years Filed as: A P S-PENTEGRA Service code 13 6830 COMMERCE COURT DRIVE · BLACKLICK, OH 43004	Contract Administrator	$23,266
MASSACHUSETTS MUTUAL LIFE INS. CO.6 years Filed as: MML INVESTORS SERVICES, LLC Service code 22	Insurance Broker	$13,313
LPL FINANCIAL6 years Filed as: LPL FINANCIAL LLC Service code 22 4707 EXECUTIVE DR · SAN DIEGO, CA 92121	Insurance Broker	$13,307
IRON-CO-FID-COMPREHENSIVE3 years Filed as: IRON-CO-FID--INDEX-COMPREHENSIVE Service code 27 · EIN 26-2409128 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Advisory (Plan)	$5,438
NATIONWIDE8 years Service code 19 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Securities Custodian	$3,653
NATIONWIDE3 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 27 · EIN 31-4156830 10 W NATIONDIDE BLVD · COLUMBUS, OH 43215	Advisory (Plan)	$1,088
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MML INSURANCE AGENCY, LLC Service code 22 P.O. BOX 9500 · SPRINGFIELD, MA 011028089	Insurance Broker	$0

Plan features & details

Pension benefit codes2F2G2L2M2S2T3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$34K

$142 / participant

Contract admin$34K100.0%

% of EOY assets

0.293%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 334144829
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,899

$55,472-29.9%

$155,567-75.0%

$74,546-47.8%

Participation rate

100.0%

61.9%+38.1pp

78.2%+21.8pp

67.2%+32.8pp

Annual return

13.15%

268.72%-255.6pp

64.74%-51.6pp

1366.03%-1352.9pp

Employer contribution / active EE

$1,828

$2,269-19.4%

$4,674-60.9%

$2,624-30.4%

Participant deferral / active EE

$3,609

$2,838+27.2%

$5,628-35.9%

$4,347-17.0%

Admin fee / account holder

$114

$1,743-93.5%

$15,916-99.3%

$1,944-94.1%

Provider

Service type

Compensation

PENTEGRA SERVICES, INC.3 years

Filed as: A P S-PENTEGRA

Service code 13

6830 COMMERCE COURT DRIVE · BLACKLICK, OH 43004

Contract Administrator

$23,266

MASSACHUSETTS MUTUAL LIFE INS. CO.6 years

Filed as: MML INVESTORS SERVICES, LLC

Service code 22

Insurance Broker

$13,313

LPL FINANCIAL6 years

Filed as: LPL FINANCIAL LLC

Service code 22

4707 EXECUTIVE DR · SAN DIEGO, CA 92121

Insurance Broker

$13,307

IRON-CO-FID-COMPREHENSIVE3 years

Filed as: IRON-CO-FID--INDEX-COMPREHENSIVE

Service code 27 · EIN 26-2409128

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Advisory (Plan)

$5,438

NATIONWIDE8 years

Service code 19

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Securities Custodian

$3,653

NATIONWIDE3 years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 27 · EIN 31-4156830

10 W NATIONDIDE BLVD · COLUMBUS, OH 43215

Advisory (Plan)

$1,088

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MML INSURANCE AGENCY, LLC

Service code 22

P.O. BOX 9500 · SPRINGFIELD, MA 011028089

Insurance Broker

THE FLOATING HOSPITAL TAX SHELTERED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE FLOATING HOSPITAL TAX SHELTERED ANNUITY 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