Retirement plan

OSWEGO COUNTY AMBULANCE AND HEARSE SERVICE, INC. 401(K) PROFIT SHARING PLAN

Name: OSWEGO COUNTY AMBULANCE AND HEARSE SERVICE, INC. - OSWEGO COUNTY AMBULANCE AND HEARSE SERVICE, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: OSWEGO COUNTY AMBULANCE AND HEARSE SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OSWEGO COUNTY AMBULANCE AND HEARSE SERVICE, INC. 401(K) PROFIT SHARING PLAN, OSWEGO COUNTY AMBULANCE AND HEARSE SERVICE, INC.

OSWEGO COUNTY AMBULANCE AND HEARSE SERVICE, INC.EIN 15-0616994Plan #001PY 2022

404 ONTARIO STREET - FULTON, NY 13069315-592-4145oswegocountyambulance.orgLinkedIn51-200 employeesbroadcast media

Prospect flagsLow returnsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

-2.1% from 2021

Total participants

129

+1.6% from 2021

Average account balance

$23,360

+0.8% from 2021

Annual return

-18.56%

-32.75 pp from 2021

Benchmarks

See 5,349 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,349 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.07M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

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.

54.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$409K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+19.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$708

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

0 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
LPL FINANCIAL3 years Filed as: LPL FINANCIAL, LLC Service code 27 · EIN 95-2834236 P.O. BOX 502533 · SAN DIEGO, CA 92150	Advisory (Plan)	$10,605
AMERICAN FUNDS3 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERV. Service code 64 · EIN 95-6817943 6455 IRVINE CENTER DR. · IRVINE, CA 92618	Recordkeeping Fees	$7,729
OMEGA, INC2 years Filed as: OMEGA, INC. Service code 13 5793 WIDEWATERS PKWY · DEWITT, NY 13214	Contract Administrator	$100

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$19K

$168 / participant

Investment mgmt$11K56.8%
Contract admin$1000.5%
Other / not subdivided$8K42.6%

% of EOY assets

1.211%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,360

$65,092-64.1%

$143,799-83.8%

$66,938-65.1%

Participation rate

43.2%

65.2%-22.0pp

80.3%-37.1pp

69.8%-26.6pp

Annual return

-18.56%

-11.14%-7.4pp

-0.04%-18.5pp

1.58%-20.1pp

Employer contribution / active EE

$983

$2,362-58.4%

$4,952-80.1%

$2,545-61.4%

Participant deferral / active EE

$1,659

$2,920-43.2%

$5,638-70.6%

$4,238-60.9%

Admin fee / account holder

$283

$502-43.7%

$14,677-98.1%

$594-52.4%

Provider

Service type

Compensation

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL, LLC

Service code 27 · EIN 95-2834236

P.O. BOX 502533 · SAN DIEGO, CA 92150

Advisory (Plan)

$10,605

AMERICAN FUNDS3 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERV.

Service code 64 · EIN 95-6817943

6455 IRVINE CENTER DR. · IRVINE, CA 92618

Recordkeeping Fees

$7,729

OMEGA, INC2 years

Filed as: OMEGA, INC.

Service code 13

5793 WIDEWATERS PKWY · DEWITT, NY 13214

Contract Administrator

$100

OSWEGO COUNTY AMBULANCE AND HEARSE SERVICE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OSWEGO COUNTY AMBULANCE AND HEARSE SERVICE, INC. 401(K) PROFIT SHARING 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