Retirement plan

403(B) THRIFT PLAN OF NEW YORK THERAPEUTIC COMMUNITIES, INC.

Name: NEW YORK THERAPEUTIC COMMUNITIES, INC. - 403(B) THRIFT PLAN OF NEW YORK THERAPEUTIC COMMUNITIES, INC. (2019) Form 5500
Creator: NEW YORK THERAPEUTIC COMMUNITIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF NEW YORK THERAPEUTIC COMMUNITIES, INC., NEW YORK THERAPEUTIC COMMUNITIES, INC.

NEW YORK THERAPEUTIC COMMUNITIES, INC.EIN 13-2899442Plan #002PY 2019

266 W 37TH ST FL 21 - NEW YORK, NY 100186652212-971-6033LinkedIn1-10 employeesmental health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.4M

+34.1% from 2018

Total participants

+2.3% from 2018

Average account balance

$99,689

+34.1% from 2018

Annual return

35.32%

+39.83 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.59M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$218K

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

+8.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5571

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

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 codes2F2G2T

Plan features

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.
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.

Opportunity flags

1 tripped

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

$274K

$7220 / participant

Other / not subdivided$274K100.0%

% of EOY assets

6.255%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,689

$85,171+17.0%

$172,753-42.3%

$72,976+36.6%

Participation rate

97.4%

70.1%+27.3pp

82.6%+14.7pp

69.5%+27.9pp

Annual return

35.32%

27.32%+8.0pp

803.00%-767.7pp

81.02%-45.7pp

Employer contribution / active EE

$2,454

$3,324-26.2%

$5,144-52.3%

$2,440+0.6%

Participant deferral / active EE

$3,741

$3,260+14.8%

$5,198-28.0%

$3,608+3.7%

Admin fee / account holder

$6,236

$5,880+6.0%

$13,956-55.3%

$5,124+21.7%

403(B) THRIFT PLAN OF NEW YORK THERAPEUTIC COMMUNITIES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF NEW YORK THERAPEUTIC COMMUNITIES, INC.

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