Retirement plan

HEAD START OF ROCKLAND, INC. 401(A) PROFIT SHARING PLAN

Name: HEAD START OF ROCKLAND, INC. - HEAD START OF ROCKLAND, INC. 401(A) PROFIT SHARING 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. 401(A) PROFIT SHARING PLAN, HEAD START OF ROCKLAND, INC.

HEAD START OF ROCKLAND, INC.EIN 13-2533231Plan #003PY 2022

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

Other plans on this EIN

2 filings

#002Retirement-$4.1M assets #001Retirement-$15K assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$7.5M

+0.1% from 2021

Total participants

140

-12.5% from 2021

Average account balance

$53,247

+14.4% from 2021

Annual return

4.60%

-18.61 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.86M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

149

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

$637K

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

+10.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$4K

$36 / participant

Contract admin$4K100.0%

% of EOY assets

0.056%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Qualified opinion

Opinion is qualified - a specific issue limited the scope or accuracy of the audit.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,247

$65,125-18.2%

$143,797-63.0%

$66,949-20.5%

Participation rate

100.0%

65.2%+34.8pp

80.3%+19.7pp

69.8%+30.2pp

Annual return

4.60%

-11.13%+15.7pp

-0.04%+4.6pp

1.57%+3.0pp

Employer contribution / active EE

$4,374

$2,362+85.1%

$4,952-11.7%

$2,545+71.8%

Participant deferral / active EE

$2,920-100.0%

$5,638-100.0%

$4,239-100.0%

Admin fee / account holder

$30

$503-94.0%

$14,679-99.8%

$594-95.0%

HEAD START OF ROCKLAND, INC. 401(A) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEAD START OF ROCKLAND, INC. 401(A) PROFIT SHARING 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