Retirement plan

HEAD START OF ROCKLAND, INC. 403(B) RETIREMENT PLAN

Name: HEAD START OF ROCKLAND, INC. - HEAD START OF ROCKLAND, INC. 403(B) RETIREMENT PLAN (2022) Form 5500
Creator: HEAD START OF ROCKLAND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEAD START OF ROCKLAND, INC. 403(B) RETIREMENT PLAN, HEAD START OF ROCKLAND, INC.

HEAD START OF ROCKLAND, INC.EIN 13-2533231Plan #002PY 2022

117 ROUTE 9W - HAVERSTRAW, NY 10927845-429-4122

Other plans on this EIN

2 filings

#003Retirement-$7.5M assets #001Retirement-$15K assets

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$4.1M

-12.1% from 2021

Total participants

154

-0.6% from 2021

Average account balance

$46,563

+6.1% from 2021

Annual return

-13.74%

-27.40 pp from 2021

Benchmarks

See 1,479 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,479 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.83M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

121

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.

78.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$339K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16042

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

0 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
MASSACHUSETTS MUTUAL LIFE INS. CO.6 years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO. Service code 62 · EIN 04-1590850	Recordkeeping fees; Float revenue	$17,091
NATIONWIDE1 year Service code 62 ONCE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Float revenue	$1,660
PENSERV PLAN SERVICES, INC.6 years Filed as: PENSERV, INC. Service code 13 · EIN 20-2872050	Contract Administrator	$576
MASSACHUSETTS MUTUAL LIFE INS. CO.6 years Filed as: MML INVESTORS SERVICES INC. Service code 53 · EIN 04-2746212	Insurance Commissions	$0

Plan features & details

Pension benefit codes2G2K2L3D

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$19K

$143 / participant

Contract admin$19K100.0%

% of EOY assets

0.478%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BERARD & ASSOCIATES, CPAS P.C.
Auditor EIN: 133774222
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,563

$60,989-23.7%

$60,919-23.6%

$66,949-30.5%

Participation rate

50.4%

74.5%-24.1pp

73.1%-22.7pp

69.8%-19.5pp

Annual return

-13.74%

-9.60%-4.1pp

16.96%-30.7pp

1.57%-15.3pp

Employer contribution / active EE

$1,749

$2,661-34.3%

$2,704-35.3%

$2,545-31.3%

Participant deferral / active EE

$1,448

$3,615-59.9%

$3,814-62.0%

$4,239-65.8%

Admin fee / account holder

$223

$338-34.2%

$3,228-93.1%

$594-62.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO.

Service code 62 · EIN 04-1590850

Recordkeeping fees; Float revenue

$17,091

NATIONWIDE1 year

Service code 62

ONCE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Float revenue

$1,660

PENSERV PLAN SERVICES, INC.6 years

Filed as: PENSERV, INC.

Service code 13 · EIN 20-2872050

Contract Administrator

$576

MASSACHUSETTS MUTUAL LIFE INS. CO.6 years

Filed as: MML INVESTORS SERVICES INC.

Service code 53 · EIN 04-2746212

Insurance Commissions

HEAD START OF ROCKLAND, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEAD START OF ROCKLAND, INC. 403(B) RETIREMENT 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