Retirement plan

THE INSTITUTE FOR FAMILY HEALTH RETIREMENT PLAN

Name: THE INSTITUTE FOR FAMILY HEALTH - THE INSTITUTE FOR FAMILY HEALTH RETIREMENT PLAN (2020) Form 5500
Creator: THE INSTITUTE FOR FAMILY HEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE INSTITUTE FOR FAMILY HEALTH RETIREMENT PLAN, THE INSTITUTE FOR FAMILY HEALTH

THE INSTITUTE FOR FAMILY HEALTHEIN 13-3273402Plan #002PY 2020

2006 MADISON AVENUE, 5TH FLOOR - NEW YORK, NY 10035212-633-0800institute.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement--

Prospect flagsLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$14.4M

+80.6% from 2019

Total participants

1,528

+0.5% from 2019

Average account balance

$11,103

+66.8% from 2019

Annual return

25.07%

-2254.15 pp from 2019

Benchmarks

See 1,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,342 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.90M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

1,595

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.

81.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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
NATIONWIDE2 years Service code 13 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$73,559
WOODBURY FINANCIAL SERVICES2 years Filed as: WOODBURY FINANCIAL SERVICES, INC Service code 27 7755 THIRD ST N · OAKDALE, MN 55128	Advisory (Plan)	$43,016
THE ANGELL PENSION GROUP, INC.2 years Filed as: THE ANGELL PENSION GROUP, INC Service code 15 88 BOYD AVENUE · EAST PROVIDENCE, RI 029141202	Recordkeeping	$33,895
OCONNOR DAVIES,2 years Filed as: OCONNOR DAVIES Service code 10 21 FOSTERTOWN RD · NEWBURGH, NY 12550	Accounting	$11,500

Plan features & details

Pension benefit codes2E2F2G2K2M2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$162K

$139 / participant

Investment mgmt$43K26.6%
Contract admin$74K45.4%
Other / not subdivided$45K28.0%

% of EOY assets

1.123%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,103

$56,095-80.2%

$178,503-93.8%

$90,274-87.7%

Participation rate

80.3%

65.6%+14.8pp

81.9%-1.6pp

73.4%+7.0pp

Annual return

25.07%

28.81%-3.7pp

151.12%-126.0pp

53.97%-28.9pp

Employer contribution / active EE

$1,094

$1,572-30.4%

$5,011-78.2%

$2,523-56.7%

Participant deferral / active EE

$2,983

$2,669+11.8%

$5,202-42.7%

$4,231-29.5%

Admin fee / account holder

$125

$101+23.9%

$13,987-99.1%

$114+9.3%

Provider

Service type

Compensation

NATIONWIDE2 years

Service code 13

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$73,559

WOODBURY FINANCIAL SERVICES2 years

Filed as: WOODBURY FINANCIAL SERVICES, INC

Service code 27

7755 THIRD ST N · OAKDALE, MN 55128

Advisory (Plan)

$43,016

THE ANGELL PENSION GROUP, INC.2 years

Filed as: THE ANGELL PENSION GROUP, INC

Service code 15

88 BOYD AVENUE · EAST PROVIDENCE, RI 029141202

Recordkeeping

$33,895

OCONNOR DAVIES,2 years

Filed as: OCONNOR DAVIES

Service code 10

21 FOSTERTOWN RD · NEWBURGH, NY 12550

Accounting

$11,500

THE INSTITUTE FOR FAMILY HEALTH RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE INSTITUTE FOR FAMILY HEALTH 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