Retirement plan

MENTAL HEALTH ASSOC OF COLUMBIA-GREENE COUNTIES INC RETIREMENT PLAN

Name: MENTAL HEALTH ASSOCIATION OF COLUMBIA-GREENE COUNTIES, INC. - MENTAL HEALTH ASSOC OF COLUMBIA-GREENE COUNTIES INC RETIREMENT PLAN (2024) Form 5500
Creator: MENTAL HEALTH ASSOCIATION OF COLUMBIA-GREENE COUNTIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MENTAL HEALTH ASSOC OF COLUMBIA-GREENE COUNTIES INC RETIREMENT PLAN, MENTAL HEALTH ASSOCIATION OF COLUMBIA-GREENE COUNTIES, INC.

MENTAL HEALTH ASSOCIATION OF COLUMBIA-GREENE COUNTIES, INC.EIN 14-6030796Plan #001PY 2024

713 UNION STREET - HUDSON, NY 12534518-828-4619eriemha.orgLinkedIn11-50 employeesmental health care

Prospect flagsLow returnsLow participationLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$3.2M

+4.1% from 2023

Total participants

305

+5.9% from 2023

Average account balance

$19,180

-7.3% from 2023

Annual return

9.34%

-3.37 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

$3.16M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

165

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.

48.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$334K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+9.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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 2 by compensation

Provider	Service type	Compensation
HELLER PENSION ASSOC., INC.1 year Service code 49 1363 ROUTE 9G · HYDE PARK, NY 12538	Other Services	$7,685
UHY LLP1 year Filed as: UHY, LLP Service code 10 · EIN 20-0694403	Accounting	$0

Plan features & details

Pension benefit codes2A2E2F2G2R2T3D2J

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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$9K

$33 / participant

Investment mgmt$3K29.2%
Other / not subdivided$6K70.8%

% of EOY assets

0.283%

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: UHY LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,180

$50,902-62.3%

$155,534-87.7%

$77,736-75.3%

Participation rate

48.0%

63.1%-15.1pp

78.2%-30.3pp

70.6%-22.6pp

Annual return

9.34%

34.85%-25.5pp

64.92%-55.6pp

31.26%-21.9pp

Employer contribution / active EE

$1,022

$1,991-48.7%

$4,675-78.1%

$2,728-62.5%

Participant deferral / active EE

$221

$2,824-92.2%

$5,630-96.1%

$4,651-95.3%

Admin fee / account holder

$54

$437-87.6%

$15,900-99.7%

$433-87.5%

Provider

Service type

Compensation

HELLER PENSION ASSOC., INC.1 year

Service code 49

1363 ROUTE 9G · HYDE PARK, NY 12538

Other Services

$7,685

UHY LLP1 year

Filed as: UHY, LLP

Service code 10 · EIN 20-0694403

Accounting

MENTAL HEALTH ASSOC OF COLUMBIA-GREENE COUNTIES INC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MENTAL HEALTH ASSOC OF COLUMBIA-GREENE COUNTIES INC RETIREMENT 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