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. (2020) 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 2020

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.8M

+10.5% from 2019

Total participants

+15.6% from 2019

Average account balance

$96,955

-2.7% from 2019

Annual return

9.14%

-26.17 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$147K

$3259 / participant

Other / not subdivided$147K100.0%

% of EOY assets

3.025%

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

$96,955

$91,198+6.3%

$178,503-45.7%

$79,856+21.4%

Participation rate

95.6%

69.2%+26.3pp

81.9%+13.6pp

69.6%+25.9pp

Annual return

9.14%

24.20%-15.1pp

151.12%-142.0pp

31.71%-22.6pp

Employer contribution / active EE

$2,078

$3,257-36.2%

$5,011-58.5%

$2,471-15.9%

Participant deferral / active EE

$2,507

$3,237-22.5%

$5,202-51.8%

$3,741-33.0%

Admin fee / account holder

$2,933

$6,748-56.5%

$13,987-79.0%

$5,306-44.7%

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