Retirement plan

ALLEGANY REHABILITATION ASSOCIATES, INC. 401(K) RETIREMENT PLAN

Name: ALLEGANY REHABILITATION ASSOCIATES, INC. - ALLEGANY REHABILITATION ASSOCIATES, INC. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: ALLEGANY REHABILITATION ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALLEGANY REHABILITATION ASSOCIATES, INC. 401(K) RETIREMENT PLAN, ALLEGANY REHABILITATION ASSOCIATES, INC.

ALLEGANY REHABILITATION ASSOCIATES, INC.EIN 16-1174531Plan #001PY 2024

4222 BOLIVAR ROAD - WELLSVILLE, NY 14895585-593-1655araservices.comLinkedIn51-200 employeesnon-profit organization management

Prospect flagsHigh feesLow participationLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.8M

+8.5% from 2023

Total participants

146

+0.7% from 2023

Average account balance

$37,995

+11.7% from 2023

Annual return

15.48%

+2.10 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.80M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

100

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.

37.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$221K

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

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$305

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 6 by compensation

Provider	Service type	Compensation
TOMPKINS TRUST COMPANY3 years Service code 28 · EIN 15-0470650 118 E SENECA ST · ITHACA, NY 14850	Investment Management	$18,283
NATIONWIDE3 years Service code 28 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Investment Management	$8,187
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON FIDUCIARY Service code 28 · EIN 99-9552241	Investment Management	$1,866
PROACCOUNT1 year Service code 26 · EIN 73-0988442 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Advisory (Participants)	$1,710
NATIONWIDE1 year Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 28 · EIN 31-4156830 10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215	Investment Management	$373
NATIONWIDE1 year Filed as: NATIONWIDE RETIREMENT PLANS Service code 28 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Investment Management	$114

Plan features & details

Pension benefit codes2F2G2J2K3D2E2T

Plan features

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$31K

$418 / participant

Recordkeeping$10K34.0%
Investment mgmt$20K66.0%

% of EOY assets

0.804%

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: BRYANS & GRAMUGLIA CPA, LLC
Auditor EIN: 202954888
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,995

$81,276-53.3%

$155,574-75.6%

$80,925-53.0%

Participation rate

37.0%

66.2%-29.3pp

78.2%-41.2pp

67.7%-30.7pp

Annual return

15.48%

33.36%-17.9pp

64.87%-49.4pp

35.65%-20.2pp

Employer contribution / active EE

$1,537

$3,103-50.5%

$4,676-67.1%

$2,756-44.2%

Participant deferral / active EE

$1,484

$3,453-57.0%

$5,629-73.6%

$4,299-65.5%

Admin fee / account holder

$305

$7,993-96.2%

$15,914-98.1%

$6,940-95.6%

Provider

Service type

Compensation

TOMPKINS TRUST COMPANY3 years

Service code 28 · EIN 15-0470650

118 E SENECA ST · ITHACA, NY 14850

Investment Management

$18,283

NATIONWIDE3 years

Service code 28

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Investment Management

$8,187

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON FIDUCIARY

Service code 28 · EIN 99-9552241

Investment Management

$1,866

PROACCOUNT1 year

Service code 26 · EIN 73-0988442

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Advisory (Participants)

$1,710

NATIONWIDE1 year

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 28 · EIN 31-4156830

10 W NATIONWIDE BLVD 5-05-111V · COLUMBUS, OH 43215

Investment Management

$373

NATIONWIDE1 year

Filed as: NATIONWIDE RETIREMENT PLANS

Service code 28

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Investment Management

$114

ALLEGANY REHABILITATION ASSOCIATES, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALLEGANY REHABILITATION ASSOCIATES, INC. 401(K) 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