Retirement plan

MONMOUTH FAMILY HEALTH CENTER, INC. 401K) RETIREMENT PLAN

Name: MONMOUTH FAMILY HEALTH CENTER, INC. - MONMOUTH FAMILY HEALTH CENTER, INC. 401K) RETIREMENT PLAN (2022) Form 5500
Creator: MONMOUTH FAMILY HEALTH CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONMOUTH FAMILY HEALTH CENTER, INC. 401K) RETIREMENT PLAN, MONMOUTH FAMILY HEALTH CENTER, INC.

MONMOUTH FAMILY HEALTH CENTER, INC.EIN 20-0547132Plan #001PY 2022

270 BROADWAY - LONG BRANCH, NJ 077407027732-963-0159mfhcnj.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.8M

-48.3% from 2021

Total participants

105

-42.9% from 2021

Average account balance

$35,635

+11.4% from 2021

Annual return

-13.64%

-24.90 pp from 2021

Benchmarks

See 19,706 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,706 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.06M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

136.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$296K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+20.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7866

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
EQUITABLE ADVISORS LLC2 years Filed as: EQUITALBE LIFE INSURANCE CO Service code 15 · EIN 20-3627707	Recordkeeping	$14,964

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

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

$15K

$157 / participant

Contract admin$15K100.0%

% of EOY assets

0.536%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,635

$73,848-51.7%

$143,799-75.2%

$68,486-48.0%

Participation rate

71.6%

66.7%+4.9pp

80.3%-8.7pp

67.9%+3.7pp

Annual return

-13.64%

0.91%-14.6pp

-0.04%-13.6pp

-7.85%-5.8pp

Employer contribution / active EE

$1,286

$3,184-59.6%

$4,952-74.0%

$2,597-50.5%

Participant deferral / active EE

$1,938

$3,385-42.7%

$5,638-65.6%

$4,028-51.9%

Admin fee / account holder

$191

$5,755-96.7%

$14,677-98.7%

$5,404-96.5%

Provider

Service type

Compensation

EQUITABLE ADVISORS LLC2 years

Filed as: EQUITALBE LIFE INSURANCE CO

Service code 15 · EIN 20-3627707

Recordkeeping

$14,964

MONMOUTH FAMILY HEALTH CENTER, INC. 401K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONMOUTH FAMILY HEALTH CENTER, INC. 401K) 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