Retirement plan

KINGS HARBOR MULTICARE CENTER 401(K) PLAN

Name: BRONX HARBOR HEALTHCARE COMPLEX, INC. - KINGS HARBOR MULTICARE CENTER 401(K) PLAN (2024) 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 2024

2000 E GUN HILL RD - BRONX, NY 10469718-405-3688

Other plans on this EIN

1 filing

#005Retirement-$5.9M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$24.1M

+12.6% from 2023

Total participants

266

+3.1% from 2023

Average account balance

$93,946

+6.5% from 2023

Annual return

13.08%

+2.49 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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 3 by compensation

Provider	Service type	Compensation
LPL FINANCIAL7 years Service code 27 PO BOX 502533 · SAN DIEGO, CA 92150	Advisory (Plan)	$46,568
CARON & BLETZER, PLLC7 years Service code 10 1 LIBRARY LANE · KINGSTON, NH 03848	Accounting	$10,500
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$903

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

2 tripped

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

$58K

$308 / participant

Investment mgmt$47K81.9%
Other / not subdivided$11K18.1%

% of EOY assets

0.241%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CUOMO, WINTERS,& SCHMIDT
Auditor EIN: 473999292
Audit fees: $10,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,946

$55,437+69.5%

$155,534-39.6%

$74,459+26.2%

Participation rate

94.7%

61.9%+32.8pp

78.2%+16.5pp

67.2%+27.5pp

Annual return

13.08%

269.58%-256.5pp

64.92%-51.8pp

1369.70%-1356.6pp

Employer contribution / active EE

$1,719

$2,266-24.1%

$4,675-63.2%

$2,626-34.5%

Participant deferral / active EE

$3,937

$2,837+38.8%

$5,630-30.1%

$4,350-9.5%

Admin fee / account holder

$226

$1,742-87.0%

$15,900-98.6%

$1,945-88.4%

Provider

Service type

Compensation

LPL FINANCIAL7 years

Service code 27

PO BOX 502533 · SAN DIEGO, CA 92150

Advisory (Plan)

$46,568

CARON & BLETZER, PLLC7 years

Service code 10

1 LIBRARY LANE · KINGSTON, NH 03848

Accounting

$10,500

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$903

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