Retirement plan

EAST RIVER MEDICAL IMAGING PROFIT SHARING PLAN

Name: EAST RIVER MEDICAL IMAGING - EAST RIVER MEDICAL IMAGING PROFIT SHARING PLAN (2019) Form 5500
Creator: EAST RIVER MEDICAL IMAGING
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EAST RIVER MEDICAL IMAGING PROFIT SHARING PLAN, EAST RIVER MEDICAL IMAGING

EAST RIVER MEDICAL IMAGINGEIN 13-3279361Plan #002PY 2019

519 EAST 72ND STREET, SUITE 103 - NEW YORK, NY 10021212-288-1575eastriverimaging.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$14.9M

+24.4% from 2018

Total participants

185

-6.6% from 2018

Average account balance

$87,563

+30.3% from 2018

Annual return

21.15%

+26.71 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.03M

Not enough data

1 years with asset history on file

Average account balance

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

$120K

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.

175

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$491

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
MORGAN STANLEY SMITH BARNEY2 years Service code 27 1 NEW YORK PLAZA 12TH FLR · NEW YORK, NY 10004	Advisory (Plan)	$25,943
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$24,070
GELMAN PENSION CONSULTING, INC.3 years Service code 13 70 WEST 40TH STREET · NEW YORK, NY 10018	Contract Administrator	$10,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,779

Plan features & details

Pension benefit codes2A2E2F2H2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$52K

$384 / participant

Investment mgmt$52K100.0%

% of EOY assets

0.348%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,563

$52,961+65.3%

$172,752-49.3%

$65,185+34.3%

Participation rate

88.9%

66.2%+22.7pp

82.6%+6.2pp

70.2%+18.7pp

Annual return

21.15%

30.12%-9.0pp

802.97%-781.8pp

29.38%-8.2pp

Employer contribution / active EE

$2,190-100.0%

$5,144-100.0%

$2,177-100.0%

Participant deferral / active EE

$6,742

$2,471+172.8%

$5,198+29.7%

$3,514+91.9%

Admin fee / account holder

$305

$472-35.5%

$13,955-97.8%

$847-64.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Service code 27

1 NEW YORK PLAZA 12TH FLR · NEW YORK, NY 10004

Advisory (Plan)

$25,943

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$24,070

GELMAN PENSION CONSULTING, INC.3 years

Service code 13

70 WEST 40TH STREET · NEW YORK, NY 10018

Contract Administrator

$10,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,779

EAST RIVER MEDICAL IMAGING PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EAST RIVER MEDICAL IMAGING PROFIT SHARING 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