Retirement plan

KINGS HARBOR MULTICARE CENTER 401(K) PLAN

Name: BRONX HARBOR HEALTHCARE COMPLEX, INC. - KINGS HARBOR MULTICARE CENTER 401(K) PLAN (2016) Form 5500
Creator: BRONX HARBOR HEALTHCARE COMPLEX, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KINGS HARBOR MULTICARE CENTER 401(K) PLAN, BRONX HARBOR HEALTHCARE COMPLEX, INC.

BRONX HARBOR HEALTHCARE COMPLEX, INC.EIN 13-3772916Plan #003PY 2016

2000 E GUN HILL RD - BRONX, NY 10469718-405-3611

Other plans on this EIN

1 filing

#005Retirement-$2.8M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$15.1M

+10.7% from 2015

Total participants

235

+2.6% from 2015

Average account balance

$65,246

+1.6% from 2015

Annual return

5.87%

+6.80 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.05M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

256

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$226

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 5 by compensation

Provider	Service type	Compensation
INVEST FINANCIAL CORPORATION1 year Service code 27 PO BOX 5097 · APPLETON, WI 549125097	Advisory (Plan)	$30,375
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 112343526	Recordkeeping Fees	$26,716
ONEIDA SAVINGS BANK2+ years Filed as: ONEIDA WEALTH MANAGEMENT INC Service code 55 706 N CLINTON ST · SYRACUSE, NY 13204	Other Commissions	$15,398
DAVID FISCH & CO CPAS PC2+ years Service code 10 3854 FLATLANDS AVE · BROOKLYN, NY 112343526	Accounting	$3,500
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$831

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$55K

$295 / participant

Contract admin$55K100.0%

% of EOY assets

0.363%

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: DAVID FISCH & CO., P.C.
Auditor EIN: 133624679
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,246

$46,732+39.6%

$156,551-58.3%

$55,167+18.3%

Participation rate

98.4%

65.8%+32.6pp

84.0%+14.4pp

69.0%+29.4pp

Annual return

5.87%

17.72%-11.8pp

32.23%-26.4pp

169.23%-163.4pp

Employer contribution / active EE

$1,850

$2,105-12.1%

$5,501-66.4%

$1,963-5.7%

Participant deferral / active EE

$4,333

$2,204+96.6%

$4,871-11.1%

$3,054+41.9%

Admin fee / account holder

$237

$418-43.4%

$13,028-98.2%

$504-53.0%

Provider

Service type

Compensation

INVEST FINANCIAL CORPORATION1 year

Service code 27

PO BOX 5097 · APPLETON, WI 549125097

Advisory (Plan)

$30,375

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 112343526

Recordkeeping Fees

$26,716

ONEIDA SAVINGS BANK2+ years

Filed as: ONEIDA WEALTH MANAGEMENT INC

Service code 55

706 N CLINTON ST · SYRACUSE, NY 13204

Other Commissions

$15,398

DAVID FISCH & CO CPAS PC2+ years

Service code 10

3854 FLATLANDS AVE · BROOKLYN, NY 112343526

Accounting

$3,500

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$831

KINGS HARBOR MULTICARE CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KINGS HARBOR MULTICARE CENTER 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