Retirement plan

PENSION PLAN FOR EMPLOYEES OF HEARING & SPEECH CENTER OF ROCHESTER, INC.

Name: HEARING AND SPEECH CENTER OF ROCHESTER, INC. - PENSION PLAN FOR EMPLOYEES OF HEARING & SPEECH CENTER OF ROCHESTER, INC. (2016) Form 5500
Creator: HEARING AND SPEECH CENTER OF ROCHESTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION PLAN FOR EMPLOYEES OF HEARING & SPEECH CENTER OF ROCHESTER, INC., HEARING AND SPEECH CENTER OF ROCHESTER, INC.

HEARING AND SPEECH CENTER OF ROCHESTER, INC.EIN 16-0743137Plan #001PY 2016

1000 ELMWOOD AVENUE - ROCHESTER, NY 14620585-271-0680LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$2.2M assets

Prospect flagsHigh retiree %Low employer contributionWind-down / frozen

How to read this page

Total assets (EOY)

$2.6M

+0.1% from 2015

Total participants

106

-2.8% from 2015

Average account balance

No prior year

Annual return

7.61%

+10.06 pp from 2015

Benchmarks

See 13,005 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants<25

Cohort13,005 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-94.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 5 by compensation

Provider	Service type	Compensation
ALESCO ADVISORS2+ years Filed as: ALESCO ADVISORS, LLC Service code 19 TOBEY VILLAGE OFFICE PARK · PITTSFORD, NY 14534	Securities Custodian	$8,907
BPAS2+ years Filed as: BPAS ACTUARIAL AND PENSION SERVICES Service code 11 · EIN 30-0192194 706 N. CLINTON STREET · SYRACUSE, NY 13204	Actuarial	$8,250
PIMCO FUNDS2+ years Filed as: PIMCO Service code 28 650 NEWPORT CENTER DRIVE · NEWPORT BEACH, CA 92660	Investment Management	$0
RIDGEWORTH2+ years Filed as: RIDGEWORTH INVESTMENTS Service code 28 3333 PIEDMONT ROAD · ATLANTA, GA 30305	Investment Management	$0
THE VANGUARD GROUP, INC.2+ years Service code 25 100 VANGUARD BOULEVARD · MALVERN, PA 19355	Directed Trustee	$0

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A1I

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$62K

$5166 / participant

Investment mgmt$9K14.4%
Other / not subdivided$53K85.6%

% of EOY assets

2.416%

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: DEJOY, KNAUF & BLOOD, LLP
Auditor EIN: 161375790
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$225,449-100.0%

$219,466-100.0%

$237,064-100.0%

Participation rate

0.0%

50.3%-50.3pp

44.6%-44.6pp

45.6%-45.6pp

Annual return

7.61%

4.17%+3.4pp

5.00%+2.6pp

4.16%+3.4pp

Employer contribution / active EE

$39,228-100.0%

$35,918-100.0%

$42,918-100.0%

Participant deferral / active EE

$74-100.0%

$75-100.0%

$128-100.0%

Admin fee / account holder

$13,772-100.0%

$13,204-100.0%

$21,465-100.0%

Provider

Service type

Compensation

ALESCO ADVISORS2+ years

Filed as: ALESCO ADVISORS, LLC

Service code 19

TOBEY VILLAGE OFFICE PARK · PITTSFORD, NY 14534

Securities Custodian

$8,907

BPAS2+ years

Filed as: BPAS ACTUARIAL AND PENSION SERVICES

Service code 11 · EIN 30-0192194

706 N. CLINTON STREET · SYRACUSE, NY 13204

Actuarial

$8,250

PIMCO FUNDS2+ years

Filed as: PIMCO

Service code 28

650 NEWPORT CENTER DRIVE · NEWPORT BEACH, CA 92660

Investment Management

RIDGEWORTH2+ years

Filed as: RIDGEWORTH INVESTMENTS

Service code 28

3333 PIEDMONT ROAD · ATLANTA, GA 30305

Investment Management

THE VANGUARD GROUP, INC.2+ years

Service code 25

100 VANGUARD BOULEVARD · MALVERN, PA 19355

Directed Trustee

PENSION PLAN FOR EMPLOYEES OF HEARING & SPEECH CENTER OF ROCHESTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSION PLAN FOR EMPLOYEES OF HEARING & SPEECH CENTER OF ROCHESTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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