Retirement plan

ST. JOHN'S RIVERSIDE HOSPITAL 403(B) RETIREMENT

Name: ST. JOHN'S RIVERSIDE HOSPITAL - ST. JOHN'S RIVERSIDE HOSPITAL 403(B) RETIREMENT (2022) Form 5500
Creator: ST. JOHN'S RIVERSIDE HOSPITAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ST. JOHN'S RIVERSIDE HOSPITAL 403(B) RETIREMENT, ST. JOHN'S RIVERSIDE HOSPITAL

ST. JOHN'S RIVERSIDE HOSPITALEIN 13-1740126Plan #002PY 2022

967 NORTH BROADWAY - YONKERS, NY 10701914-964-4262riversidehealth.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$138.8M assets

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$180.3M

-4.2% from 2016

Total participants

1,757

+3.7% from 2016

Average account balance

$102,640

-7.8% from 2016

Annual return

-12.90%

-7.15 pp from 2016

Benchmarks

See 1,377 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,377 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$218.29M

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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.

1,851

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.

53.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$199

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 4 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND7 years Service code 13 · EIN 06-1050034	Contract Administrator	$410,899
CAPFINANCIAL PARTNERS LLC1 year Service code 27 · EIN 26-0058143	Advisory (Plan)	$106,250
PKF O'CONNOR DAVIES, LLP4 years Filed as: PKF O'CONNOR DAVIES Service code 10 · EIN 27-1728945	Accounting	$62,100
PRUDENTIAL RETIREMENT INSURANCE AND7 years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2F2G2L2M2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$582K

$433 / participant

Investment mgmt$106K18.3%
Contract admin$411K70.7%
Other / not subdivided$64K11.1%

% of EOY assets

0.323%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PKF O'CONNOR DAVIES LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,640

$45,000+128.1%

$143,801-28.6%

$77,906+31.7%

Participation rate

100.0%

66.8%+33.2pp

80.3%+19.7pp

73.7%+26.3pp

Annual return

-12.90%

29.03%-41.9pp

-0.04%-12.9pp

12.16%-25.1pp

Employer contribution / active EE

$2,286

$1,870+22.3%

$4,952-53.8%

$2,846-19.7%

Participant deferral / active EE

$5,521

$3,157+74.9%

$5,639-2.1%

$4,805+14.9%

Admin fee / account holder

$331

$98+236.5%

$14,680-97.7%

$133+149.8%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND7 years

Service code 13 · EIN 06-1050034

Contract Administrator

$410,899

CAPFINANCIAL PARTNERS LLC1 year

Service code 27 · EIN 26-0058143

Advisory (Plan)

$106,250

PKF O'CONNOR DAVIES, LLP4 years

Filed as: PKF O'CONNOR DAVIES

Service code 10 · EIN 27-1728945

Accounting

$62,100

PRUDENTIAL RETIREMENT INSURANCE AND7 years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

ST. JOHN'S RIVERSIDE HOSPITAL 403(B) RETIREMENT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ST. JOHN'S RIVERSIDE HOSPITAL 403(B) RETIREMENT

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