Retirement plan

BROOKDALE SENIOR LIVING, INC. 401K RETIREMENT SAVINGS PLAN

Name: BROOKDALE SENIOR LIVING, INC. - BROOKDALE SENIOR LIVING, INC. 401K RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: BROOKDALE SENIOR LIVING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROOKDALE SENIOR LIVING, INC. 401K RETIREMENT SAVINGS PLAN, BROOKDALE SENIOR LIVING, INC.

BROOKDALE SENIOR LIVING, INC.EIN 20-3068069Plan #001PY 2016

6737 W. WASHINGTON ST., SUITE 2300 - MILWAUKEE, WI 53214615-564-8273

Prospect flagsHigh cashLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

Top hat statement on fileNQDC

Filed October 12, 2010

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$318.3M

-10.0% from 2016

Total participants

63,894

+1.3% from 2016

Average account balance

$6,997

-5.5% from 2016

Annual return

7.79%

-7.44 pp from 2016

Benchmarks

See 193 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort193 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$466.11M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

15,778

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.

26.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$49

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Participant loan processing; Distribu...	$4,142,329
AON CONSULTING2+ years Filed as: AON HEWITT Service code 27 · EIN 22-2232264	Advisory (Plan)	$180,531
BELL BANK1 year Filed as: BELL-LITHCO, INC Service code 49 · EIN 36-2550923	Other Services	$140,210
LMBC, PC1 year Service code 10 · EIN 62-1199757	Accounting	$10,700
FOLEY & LARDNER LLP1 year Service code 49 · EIN 39-0473800	Other Services	$6,598
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2J2K2G2S2T3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$4.5M

$78 / participant

Investment mgmt$181K4.0%
Other / not subdivided$4M96.0%

% of EOY assets

1.407%

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: LBMC, PC
Auditor EIN: 621199757
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,997

$49,270-85.8%

$156,551-95.5%

$329,111-97.9%

Participation rate

67.9%

68.1%-0.2pp

84.0%-16.1pp

67.9%0pp

Annual return

7.79%

23.25%-15.5pp

32.23%-24.4pp

16.35%-8.6pp

Employer contribution / active EE

$152

$1,534-90.1%

$5,501-97.2%

$2,303-93.4%

Participant deferral / active EE

$1,079

$2,920-63.1%

$4,871-77.9%

$3,682-70.7%

Admin fee / account holder

$98

$51+94.8%

$13,028-99.2%

$754-86.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Participant loan processing; Distribu...

$4,142,329

AON CONSULTING2+ years

Filed as: AON HEWITT

Service code 27 · EIN 22-2232264

Advisory (Plan)

$180,531

BELL BANK1 year

Filed as: BELL-LITHCO, INC

Service code 49 · EIN 36-2550923

Other Services

$140,210

LMBC, PC1 year

Service code 10 · EIN 62-1199757

Accounting

$10,700

FOLEY & LARDNER LLP1 year

Service code 49 · EIN 39-0473800

Other Services

$6,598

NATIONAL FINANCIAL SERVICES2+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

BROOKDALE SENIOR LIVING, INC. 401K RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROOKDALE SENIOR LIVING, INC. 401K RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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