Retirement plan

THE NEW YORK-PRESBYTERIAN HOSPITAL TAX SHELTERED ANNUITY PLAN

Name: THE NEW YORK-PRESBYTERIAN HOSPITAL - THE NEW YORK-PRESBYTERIAN HOSPITAL TAX SHELTERED ANNUITY PLAN (2018) Form 5500
Creator: THE NEW YORK-PRESBYTERIAN HOSPITAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE NEW YORK-PRESBYTERIAN HOSPITAL TAX SHELTERED ANNUITY PLAN, THE NEW YORK-PRESBYTERIAN HOSPITAL

THE NEW YORK-PRESBYTERIAN HOSPITALEIN 13-3957095Plan #004PY 2018

525 EAST 68TH STREET, BOX 38004 - NEW YORK, NY 10065212-297-3005LinkedIn1-10 employeesmedical practice

Other plans on this EIN

5 filings

#001Retirement-$1.17B assets #006Retirement-$247.1M assets #003Retirement-$88.6M assets #005Retirement-$43.6M assets #007Retirement-$37.2M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed June 16, 2006

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$1697.9M

-1.2% from 2017

Total participants

36,814

+16.1% from 2017

Average account balance

$46,120

-14.9% from 2017

Annual return

-4.58%

-21.93 pp from 2017

Benchmarks

See 224 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort224 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.83B

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

63,840

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.

83.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$392.85M

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

+14.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Service code 12 · EIN 13-3689044	Account maintenance fees; Float reven...	$2,459,200
AON CONSULTING3 years Filed as: AON HEWITT INVESTMENT CONSULTING, I Service code 16 · EIN 36-3109431	Consulting	$196,180
AYCO1 year Filed as: THE AYCO COMPANY L.P. Service code 16 · EIN 13-4019460	Consulting	$102,049
STRATEGIC ADVISORS, INC.1 year Filed as: STRATEGIC ADVISORS LLC Service code 33 · EIN 13-4087611	Securities brokerage; Securities brok...	$56,038
CHARLES SCHWAB & CO., INC.4+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$2,816
NATIONAL FINANCIAL SERVICES4+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2L2M2R2S2T3H

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$2.8M

$106 / participant

Investment mgmt$298K10.7%
Other / not subdivided$2M89.3%

% of EOY assets

0.164%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,120

$46,969-1.8%

$154,107-70.1%

$73,367-37.1%

Participation rate

100.0%

72.4%+27.6pp

83.0%+17.0pp

69.5%+30.5pp

Annual return

-4.58%

821.68%-826.3pp

735.12%-739.7pp

173.45%-178.0pp

Employer contribution / active EE

$1,723-100.0%

$5,298-100.0%

$2,499-100.0%

Participant deferral / active EE

$5,937

$3,162+87.7%

$5,081+16.8%

$4,033+47.2%

Admin fee / account holder

$76

$47+62.7%

$13,411-99.4%

$68+10.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Service code 12 · EIN 13-3689044

Account maintenance fees; Float reven...

$2,459,200

AON CONSULTING3 years

Filed as: AON HEWITT INVESTMENT CONSULTING, I

Service code 16 · EIN 36-3109431

Consulting

$196,180

AYCO1 year

Filed as: THE AYCO COMPANY L.P.

Service code 16 · EIN 13-4019460

Consulting

$102,049

STRATEGIC ADVISORS, INC.1 year

Filed as: STRATEGIC ADVISORS LLC

Service code 33 · EIN 13-4087611

Securities brokerage; Securities brok...

$56,038

CHARLES SCHWAB & CO., INC.4+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$2,816

NATIONAL FINANCIAL SERVICES4+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

THE NEW YORK-PRESBYTERIAN HOSPITAL TAX SHELTERED ANNUITY PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE NEW YORK-PRESBYTERIAN HOSPITAL TAX SHELTERED ANNUITY PLAN

Top hat statement on fileNQDC

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