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. (2021) 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 2021

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)

$5.4M

+10.9% from 2020

Total participants

+15.4% from 2020

Average account balance

$94,290

-2.7% from 2020

Annual return

9.86%

+0.71 pp from 2020

Benchmarks

See 18,803 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,803 peers

Snapshot2021

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

$180K

$3467 / participant

Other / not subdivided$180K100.0%

% of EOY assets

3.354%

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

$94,290

$95,415-1.2%

$185,851-49.3%

$85,851+9.8%

Participation rate

94.2%

68.8%+25.5pp

81.7%+12.5pp

69.3%+24.9pp

Annual return

9.86%

23.59%-13.7pp

122.11%-112.3pp

318.63%-308.8pp

Employer contribution / active EE

$2,058

$3,314-37.9%

$5,168-60.2%

$2,565-19.8%

Participant deferral / active EE

$2,334

$3,424-31.8%

$5,569-58.1%

$3,952-40.9%

Admin fee / account holder

$3,163

$7,215-56.2%

$16,245-80.5%

$6,261-49.5%

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