Retirement plan

PARKER JEWISH INSTITUTE RETIREMENT SAVINGS PLAN

Name: PARKER JEWISH INSTITUTE - PARKER JEWISH INSTITUTE RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: PARKER JEWISH INSTITUTE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARKER JEWISH INSTITUTE RETIREMENT SAVINGS PLAN, PARKER JEWISH INSTITUTE

PARKER JEWISH INSTITUTEEIN 13-2631069Plan #002PY 2021

271-11 76TH AVENUE - NEW HYDE PARK, NY 11040718-289-2190parkerinstitute.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$31.3M assets

Prospect flagsHigh feesLow participation

Top hat statement on fileNQDC

Filed December 13, 2016 (most recent of 2 filings on file)

Plan administrator

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271-11, 76th Avenue

New Hyde Park State: NY Zip Code: 11040

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Plans declared (1)

Supplemental Executive Retirement Plan7 emp

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Total assets (EOY)

$41.3M

+16.6% from 2020

Total participants

1,179

-2.0% from 2020

Average account balance

$68,401

+18.9% from 2020

Annual return

14.93%

-4.39 pp from 2020

Benchmarks

See 3,799 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,799 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.30M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

422

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.

24.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.92M

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

+11.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$435

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 10 of 13 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$197,510
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 53 · EIN 54-0910269	Insurance Commissions	$97,320
ENVESTNET RETIREMENT SOLUTIONS, LLC3 years Service code 26 · EIN 61-1732930	Advisory (Participants)	$28
AMERICAN FUNDS5 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
BLACKROCK5 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY ADVISOR Service code 52 · EIN 04-3022712	Indirect Investment Fees	$0
FRANKLIN TEMPLETON5 years Filed as: FRANKLINTEMPLETON Service code 52 · EIN 59-3020895	Indirect Investment Fees	$0
INVESCO3 years Service code 52 · EIN 13-5657518	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Service code 52	Indirect Investment Fees	$0
NEXTCAPITAL GROUP, INC.1 year Filed as: NEXTCAPITAL ADVISERS, INC. Service code 52 · EIN 47-2342699	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3H2T3D

Plan features

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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$198K

$201 / participant

Investment mgmt$189K95.5%
Contract admin$9K4.5%
Other / not subdivided$730.0%

% of EOY assets

0.478%

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

$68,401

$56,540+21.0%

$185,849-63.2%

$86,821-21.2%

Participation rate

41.6%

65.5%-23.9pp

81.7%-40.1pp

72.3%-30.7pp

Annual return

14.93%

118.20%-103.3pp

122.10%-107.2pp

97.94%-83.0pp

Employer contribution / active EE

$546

$1,844-70.4%

$5,169-89.4%

$2,406-77.3%

Participant deferral / active EE

$2,798

$2,555+9.5%

$5,569-49.8%

$4,132-32.3%

Admin fee / account holder

$327

$150+118.5%

$16,244-98.0%

$170+92.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$197,510

WELLS FARGO BANK, N.A.4 years

Filed as: WELLS FARGO ADVISORS INS AGENCY LLC

Service code 53 · EIN 54-0910269

Insurance Commissions

$97,320

ENVESTNET RETIREMENT SOLUTIONS, LLC3 years

Service code 26 · EIN 61-1732930

Advisory (Participants)

$28

AMERICAN FUNDS5 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

BLACKROCK5 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY ADVISOR

Service code 52 · EIN 04-3022712

Indirect Investment Fees

FRANKLIN TEMPLETON5 years

Filed as: FRANKLINTEMPLETON

Service code 52 · EIN 59-3020895

Indirect Investment Fees

INVESCO3 years

Service code 52 · EIN 13-5657518

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Service code 52

Indirect Investment Fees

NEXTCAPITAL GROUP, INC.1 year

Filed as: NEXTCAPITAL ADVISERS, INC.

Service code 52 · EIN 47-2342699

Indirect Investment Fees

PARKER JEWISH INSTITUTE RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARKER JEWISH INSTITUTE RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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