Retirement plan

GREATCARE, INC. RETIREMENT PLAN AND TRUST

Name: GREATCARE, INC. - GREATCARE, INC. RETIREMENT PLAN AND TRUST (2016) Form 5500
Creator: GREATCARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREATCARE, INC. RETIREMENT PLAN AND TRUST, GREATCARE, INC.

GREATCARE, INC.EIN 20-2310333Plan #001PY 2016

110 WEST 34TH STREET, SUITE 1207 - NEW YORK, NY 100012115646-267-5677

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$2.7M

+92.3% from 2015

Total participants

1,032

+71.1% from 2015

Average account balance

$3,375

+43.3% from 2015

Annual return

2.41%

+0.85 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.58M

Not enough data

1 years with asset history on file

Average account balance

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

$6K

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.

1,543

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$398K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$258

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

+1.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$26

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
GELMAN PENSION CONSULTING, INC.2+ years Service code 11 70 WEST 40TH STREET 8TH FLOOR · NEW YORK, NY 10018	Actuarial	$8,007
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$3,235
QUINT CAPITAL CORPORATION2+ years Filed as: QUINT CHAMPION CAPITAL CORP. Service code 26 230 PARK AVE SUITE 460 · NEW YORK, NY 101690499	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2A2E2F2G2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$6K

$7 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.215%

all-in expense ratio

Categories reported

0 / 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: BUCHBINDER TUNICK & COMPANY LLP
Auditor EIN: 131578842
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,375

$36,916-90.9%

$156,551-97.8%

$57,658-94.1%

Participation rate

73.0%

63.4%+9.6pp

84.0%-11.0pp

70.2%+2.8pp

Annual return

2.41%

12.38%-10.0pp

32.23%-29.8pp

5.13%-2.7pp

Employer contribution / active EE

$1,797

$1,571+14.4%

$5,501-67.3%

$1,974-9.0%

Participant deferral / active EE

$1,926-100.0%

$4,871-100.0%

$3,061-100.0%

Admin fee / account holder

$82-91.2%

$13,028-99.9%

$95-92.3%

Provider

Service type

Compensation

GELMAN PENSION CONSULTING, INC.2+ years

Service code 11

70 WEST 40TH STREET 8TH FLOOR · NEW YORK, NY 10018

Actuarial

$8,007

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$3,235

QUINT CAPITAL CORPORATION2+ years

Filed as: QUINT CHAMPION CAPITAL CORP.

Service code 26

230 PARK AVE SUITE 460 · NEW YORK, NY 101690499

Advisory (Participants)

GREATCARE, INC. RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREATCARE, INC. RETIREMENT PLAN AND TRUST

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