Retirement plan

JULIA DYCKMAN ANDRUS MEMORIAL, INC. 401(K) RETIREMENT PLAN

Name: JULIA DYCKMAN ANDRUS MEMORIAL, INC. - JULIA DYCKMAN ANDRUS MEMORIAL, INC. 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: JULIA DYCKMAN ANDRUS MEMORIAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JULIA DYCKMAN ANDRUS MEMORIAL, INC. 401(K) RETIREMENT PLAN, JULIA DYCKMAN ANDRUS MEMORIAL, INC.

JULIA DYCKMAN ANDRUS MEMORIAL, INC.EIN 13-2793295Plan #004PY 2023

1156 NORTH BROADWAY - YONKERS, NY 10701914-965-3700andruscc.orgLinkedIn201-500 employees

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$14.1M

+15.6% from 2022

Total participants

658

+0.5% from 2022

Average account balance

$26,947

+15.3% from 2022

Annual return

16.76%

+32.60 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.33M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

420

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.

70.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07M

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

+11.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$314

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 2 by compensation

Provider	Service type	Compensation
FOCUSED WEALTH MANAGEMENT4 years Filed as: FOCUSED WEALTH MANAGEMENT, INC. Service code 26 11 BALMVILLE RD. · NEWBURGH, NY 12550	Advisory (Participants)	$51,389
NEWPORT GROUP, INC.3 years Service code 13 · EIN 27-2037969	Contract Administrator	$45,083

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$96K

$253 / participant

Recordkeeping$7K7.1%
Investment mgmt$51K53.3%
Contract admin$38K39.6%

% of EOY assets

0.685%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,947

$47,163-42.9%

$149,696-82.0%

$74,460-63.8%

Participation rate

64.7%

63.4%+1.2pp

78.8%-14.1pp

70.7%-6.1pp

Annual return

16.76%

22.75%-6.0pp

134.46%-117.7pp

34.38%-17.6pp

Employer contribution / active EE

$1,341

$1,907-29.7%

$4,821-72.2%

$2,638-49.2%

Participant deferral / active EE

$1,581

$2,730-42.1%

$5,682-72.2%

$4,530-65.1%

Admin fee / account holder

$184

$343-46.2%

$13,212-98.6%

$348-47.0%

Provider

Service type

Compensation

FOCUSED WEALTH MANAGEMENT4 years

Filed as: FOCUSED WEALTH MANAGEMENT, INC.

Service code 26

11 BALMVILLE RD. · NEWBURGH, NY 12550

Advisory (Participants)

$51,389

NEWPORT GROUP, INC.3 years

Service code 13 · EIN 27-2037969

Contract Administrator

$45,083

JULIA DYCKMAN ANDRUS MEMORIAL, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JULIA DYCKMAN ANDRUS MEMORIAL, INC. 401(K) 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