Retirement plan

403(B) TAX-DEFERRED ANNUITY PLAN OF EGER LUTHERAN HOMES AND SERVICES, INC.

Name: EGER LUTHERAN HOMES AND SERVICES, INC. - 403(B) TAX-DEFERRED ANNUITY PLAN OF EGER LUTHERAN HOMES AND SERVICES, INC. (2024) Form 5500
Creator: EGER LUTHERAN HOMES AND SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) TAX-DEFERRED ANNUITY PLAN OF EGER LUTHERAN HOMES AND SERVICES, INC., EGER LUTHERAN HOMES AND SERVICES, INC.

EGER LUTHERAN HOMES AND SERVICES, INC.EIN 13-5564936Plan #003PY 2024

140 MEISNER AVE - STATEN ISLAND, NY 10306718-989-3031

Other plans on this EIN

1 filing

#002Retirement-$9.9M assets

Prospect flagsHigh cashLow participation

How to read this page

Total assets (EOY)

$7.2M

-19.1% from 2023

Total participants

522

-1.3% from 2023

Average account balance

$35,700

-11.9% from 2023

Annual return

14.70%

-3.31 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.21M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

202

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.

27.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$410K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$932

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

+14.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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 1 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION8 years Service code 13 · EIN 35-1140070	Contract Administrator	$32,276

Plan features & details

Pension benefit codes2F2G2L2M2T3D3H

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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$33K

$76 / participant

Contract admin$33K100.0%

% of EOY assets

0.462%

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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,700

$50,919-29.9%

$155,556-77.1%

$77,762-54.1%

Participation rate

27.3%

63.1%-35.8pp

78.2%-51.0pp

70.6%-43.3pp

Annual return

14.70%

34.84%-20.1pp

64.84%-50.1pp

31.27%-16.6pp

Employer contribution / active EE

$1,991-100.0%

$4,675-100.0%

$2,728-100.0%

Participant deferral / active EE

$932

$2,824-67.0%

$5,631-83.4%

$4,651-80.0%

Admin fee / account holder

$165

$437-62.3%

$15,885-99.0%

$433-61.9%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION8 years

Service code 13 · EIN 35-1140070

Contract Administrator

$32,276

403(B) TAX-DEFERRED ANNUITY PLAN OF EGER LUTHERAN HOMES AND SERVICES, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) TAX-DEFERRED ANNUITY PLAN OF EGER LUTHERAN HOMES AND SERVICES, INC.

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