Retirement plan

COOPERATIVE HOME CARE ASSOCIATES, INC. 401(K) PLAN

Name: COOPERATIVE HOME CARE ASSOCIATES - COOPERATIVE HOME CARE ASSOCIATES, INC. 401(K) PLAN (2019) Form 5500
Creator: COOPERATIVE HOME CARE ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COOPERATIVE HOME CARE ASSOCIATES, INC. 401(K) PLAN, COOPERATIVE HOME CARE ASSOCIATES

COOPERATIVE HOME CARE ASSOCIATESEIN 13-3238142Plan #001PY 2019

400 EAST FORDHAM ROAD, 12TH FLOOR - BRONX, NY 10458718-993-7104LinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$12.5M

+21.5% from 2018

Total participants

2,277

+2.5% from 2018

Average account balance

$5,658

+18.5% from 2018

Annual return

14.36%

+19.28 pp from 2018

Benchmarks

See 1,326 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,326 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.58M

Not enough data

1 years with asset history on file

Average account balance

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

$8K

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.

2,182

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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 4 by compensation

Provider	Service type	Compensation
ALLIANCE PENSION CONSULTANTS, LLC5+ years Service code 15 · EIN 36-4389114	Recordkeeping	$128,196
MILLENNIUM INVESTMENT & RETIREMENT5+ years Filed as: MILLENIUM INVESTMENT & RETIREMENT Service code 27 · EIN 94-3428956	Advisory (Plan)	$24,996
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB BANK Service code 18 · EIN 42-1558009	Custodial (other than securities); Cu...	$11,054
CHARLES SCHWAB & CO., INC.5+ years Service code 18 · EIN 94-1737782	Shareholder servicing fees; Custodial...	$0

Plan features & details

Pension benefit codes2E2F2G2J2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$153K

$78 / participant

Investment mgmt$25K16.3%
Other / not subdivided$128K83.7%

% of EOY assets

1.225%

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: BAKER TILLY US LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,658

$47,456-88.1%

$172,752-96.7%

$77,775-92.7%

Participation rate

96.6%

66.3%+30.3pp

82.6%+14.0pp

73.2%+23.4pp

Annual return

14.36%

35.57%-21.2pp

802.97%-788.6pp

32.58%-18.2pp

Employer contribution / active EE

$1,574-100.0%

$5,144-100.0%

$2,504-100.0%

Participant deferral / active EE

$871

$2,560-66.0%

$5,198-83.2%

$3,966-78.0%

Admin fee / account holder

$69

$81-14.2%

$13,955-99.5%

$100-30.7%

Provider

Service type

Compensation

ALLIANCE PENSION CONSULTANTS, LLC5+ years

Service code 15 · EIN 36-4389114

Recordkeeping

$128,196

MILLENNIUM INVESTMENT & RETIREMENT5+ years

Filed as: MILLENIUM INVESTMENT & RETIREMENT

Service code 27 · EIN 94-3428956

Advisory (Plan)

$24,996

CHARLES SCHWAB & CO., INC.5+ years

Filed as: CHARLES SCHWAB BANK

Service code 18 · EIN 42-1558009

Custodial (other than securities); Cu...

$11,054

CHARLES SCHWAB & CO., INC.5+ years

Service code 18 · EIN 94-1737782

Shareholder servicing fees; Custodial...

COOPERATIVE HOME CARE ASSOCIATES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COOPERATIVE HOME CARE ASSOCIATES, INC. 401(K) 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