Retirement plan

RICHMOND HOME NEED SERVICES, INC. CASH OR DEFERRED PLAN

Name: RICHMOND HOME NEED SERVICES, INC. - RICHMOND HOME NEED SERVICES, INC. CASH OR DEFERRED PLAN (2016) Form 5500
Creator: RICHMOND HOME NEED SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RICHMOND HOME NEED SERVICES, INC. CASH OR DEFERRED PLAN, RICHMOND HOME NEED SERVICES, INC.

RICHMOND HOME NEED SERVICES, INC.EIN 13-2688124Plan #001PY 2016

3155 AMBOY ROAD - STATEN ISLAND, NY 10306718-987-8400LinkedIn201-500 employeeshospital & health care

Other plans on this EIN

2 filings

#002Retirement-$2.2M assets #003Retirement-$1.5M assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.6M

No prior year

Total participants

114

No prior year

Average account balance

$15,104

No prior year

Annual return

-0.11%

No prior year

Benchmarks

See 17,769 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,769 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.66M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

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.

183.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$133K

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

+8.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3442

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE1+ years Service code 21 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Bank Trustee	$20,240
GELMAN PENSION CONSULTING, INC.1+ years Service code 15 70 WEST 40TH STREET - 8TH FLOOR · NEW YORK, NY 10018	Recordkeeping	$468
QUINT CAPITAL CORPORATION1+ years Service code 28 230 PARK AVENUE SUITE 460 · NEW YORK, NY 10169	Investment Management	$0

Plan features & details

Pension benefit codes2A2E2F2G2J

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.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$2K

$30 / participant

Investment mgmt$2K100.0%

% of EOY assets

0.107%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BARRY POPICK, CPA
Auditor EIN: 300450677
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,104

$77,638-80.5%

$156,551-90.4%

$62,881-76.0%

Participation rate

80.4%

71.2%+9.2pp

84.0%-3.7pp

69.3%+11.1pp

Annual return

-0.11%

50.33%-50.4pp

32.23%-32.3pp

20.14%-20.3pp

Employer contribution / active EE

$748

$3,444-78.3%

$5,501-86.4%

$2,281-67.2%

Participant deferral / active EE

$1,283

$3,046-57.9%

$4,871-73.7%

$3,203-59.9%

Admin fee / account holder

$16

$5,561-99.7%

$13,028-99.9%

$4,296-99.6%

Provider

Service type

Compensation

NATIONWIDE1+ years

Service code 21

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Bank Trustee

$20,240

GELMAN PENSION CONSULTING, INC.1+ years

Service code 15

70 WEST 40TH STREET - 8TH FLOOR · NEW YORK, NY 10018

Recordkeeping

$468

QUINT CAPITAL CORPORATION1+ years

Service code 28

230 PARK AVENUE SUITE 460 · NEW YORK, NY 10169

Investment Management

RICHMOND HOME NEED SERVICES, INC. CASH OR DEFERRED PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RICHMOND HOME NEED SERVICES, INC. CASH OR DEFERRED 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