Retirement plan

NEIGHBORHOOD HEALTH CENTER OF WNY, INC. 403(B) PLAN

Name: NEIGHBORHOOD HEALTH CENTER OF WNY, INC. - NEIGHBORHOOD HEALTH CENTER OF WNY, INC. 403(B) PLAN (2024) Form 5500
Creator: NEIGHBORHOOD HEALTH CENTER OF WNY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEIGHBORHOOD HEALTH CENTER OF WNY, INC. 403(B) PLAN, NEIGHBORHOOD HEALTH CENTER OF WNY, INC.

NEIGHBORHOOD HEALTH CENTER OF WNY, INC.EIN 16-1294447Plan #001PY 2024

155 LAWN AVENUE, ROOM 301 - BUFFALO, NY 142071618716-875-2904nhcwny.orgLinkedIn201-500 employeesmedical practice

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$11.7M

+23.6% from 2023

Total participants

450

+6.1% from 2023

Average account balance

$36,943

+10.0% from 2023

Annual return

14.47%

+0.18 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

$11.75M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

318

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.

64.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$242

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
CAMBRIDGE INVESTMENT RESEARCH3 years Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS Service code 27 · EIN 20-1665305 1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 525568757	Advisory (Plan)	$32,499
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$31,414
SECURITY ADMINISTRATORS, INC.4 years Filed as: SECURITY ADMINISTRATORS INC. Service code 13 · EIN 16-1209645 100 COURT STREET · BINGHAMTON, NY 139013500	Contract Administrator	$12,920
SECURITY NATIONAL BANK4 years Filed as: SECURITY ADMINSTRATORS INC. Service code 13	Contract Administrator	$4,138
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILLSHIRE ADVISORS LLC Service code 27	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2F2G2M2J2K3D

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.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$77K

$204 / participant

Recordkeeping$31K40.9%
Investment mgmt$33K42.3%
Contract admin$13K16.8%

% of EOY assets

0.654%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JEFFREY L. OFFHAUS CPA, LLC
Auditor EIN: 202368569
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,943

$50,919-27.4%

$155,556-76.3%

$77,762-52.5%

Participation rate

64.9%

63.1%+1.8pp

78.2%-13.3pp

70.6%-5.7pp

Annual return

14.47%

34.84%-20.4pp

64.84%-50.4pp

31.27%-16.8pp

Employer contribution / active EE

$836

$1,991-58.0%

$4,675-82.1%

$2,728-69.4%

Participant deferral / active EE

$3,865

$2,824+36.8%

$5,631-31.4%

$4,651-16.9%

Admin fee / account holder

$242

$437-44.7%

$15,885-98.5%

$433-44.2%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH3 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH ADVIS

Service code 27 · EIN 20-1665305

1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 525568757

Advisory (Plan)

$32,499

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$31,414

SECURITY ADMINISTRATORS, INC.4 years

Filed as: SECURITY ADMINISTRATORS INC.

Service code 13 · EIN 16-1209645

100 COURT STREET · BINGHAMTON, NY 139013500

Contract Administrator

$12,920

SECURITY NATIONAL BANK4 years

Filed as: SECURITY ADMINSTRATORS INC.

Service code 13

Contract Administrator

$4,138

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILLSHIRE ADVISORS LLC

Service code 27

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

NEIGHBORHOOD HEALTH CENTER OF WNY, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEIGHBORHOOD HEALTH CENTER OF WNY, INC. 403(B) 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