Retirement plan

GREATER MENTAL HEALTH OF NEW YORK PROFIT SHARING PLAN

Name: GREATER MENTAL HEALTH OF NEW YORK, INC. - GREATER MENTAL HEALTH OF NEW YORK PROFIT SHARING PLAN (2024) Form 5500
Creator: GREATER MENTAL HEALTH OF NEW YORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREATER MENTAL HEALTH OF NEW YORK PROFIT SHARING PLAN, GREATER MENTAL HEALTH OF NEW YORK, INC.

GREATER MENTAL HEALTH OF NEW YORK, INC.EIN 13-1740002Plan #004PY 2024

580 WHITE PLAINS RD, STE 510 - TARRYTOWN, NY 10591914-345-5900greatermentalhealth.orgLinkedIn201-500 employeesmental health care

Other plans on this EIN

1 filing

#006Retirement-$14.6M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed March 6, 2007 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$11.7M

+14.8% from 2023

Total participants

458

+29.4% from 2023

Average account balance

$25,779

-10.6% from 2023

Annual return

13.41%

-4.27 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.68M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

453

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$936K

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

+13.41%

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
CPI QUALIFIED PLAN CONSULTANTS, INC9 years Service code 15 · EIN 48-1205033	Recordkeeping	$28,973
CLARFELD FINANCIAL ADVISORS2 years Service code 27 502 WHITE PLAINS ROAD · TARRYTOWN, NY 105915102	Advisory (Plan)	$22,707

Plan features & details

Pension benefit codes2A2E2F2G2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$52K

$176 / participant

Recordkeeping$22K42.3%
Investment mgmt$23K43.9%
Contract admin$7K13.7%

% of EOY assets

0.443%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPAS P. C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,779

$50,919-49.4%

$155,556-83.4%

$77,762-66.8%

Participation rate

98.3%

63.1%+35.2pp

78.2%+20.1pp

70.6%+27.7pp

Annual return

13.41%

34.84%-21.4pp

64.84%-51.4pp

31.27%-17.9pp

Employer contribution / active EE

$3,184

$1,991+59.9%

$4,675-31.9%

$2,728+16.7%

Participant deferral / active EE

$2,824-100.0%

$5,631-100.0%

$4,651-100.0%

Admin fee / account holder

$114

$437-73.9%

$15,885-99.3%

$433-73.6%

Provider

Service type

Compensation

CPI QUALIFIED PLAN CONSULTANTS, INC9 years

Service code 15 · EIN 48-1205033

Recordkeeping

$28,973

CLARFELD FINANCIAL ADVISORS2 years

Service code 27

502 WHITE PLAINS ROAD · TARRYTOWN, NY 105915102

Advisory (Plan)

$22,707

GREATER MENTAL HEALTH OF NEW YORK PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREATER MENTAL HEALTH OF NEW YORK PROFIT SHARING PLAN

Top hat statement on fileNQDC

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