Retirement plan

SEASHORE GARDENS 403B RETIREMENT PLAN

Name: HEBREW OLD AGE CENTER T/A SEASHORE GARDENS - SEASHORE GARDENS 403B RETIREMENT PLAN (2024) Form 5500
Creator: HEBREW OLD AGE CENTER T/A SEASHORE GARDENS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEASHORE GARDENS 403B RETIREMENT PLAN, HEBREW OLD AGE CENTER T/A SEASHORE GARDENS

HEBREW OLD AGE CENTER T/A SEASHORE GARDENSEIN 21-0634576Plan #001PY 2024

22 W. JIMMIE LEEDS RD - GALLOWAY, NJ 08205609-748-4415

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.5M

-29.9% from 2023

Total participants

-24.2% from 2023

Average account balance

$126,144

+5.1% from 2023

Annual return

9.79%

-1.70 pp from 2023

Benchmarks

See 49,870 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,870 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.52M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

90.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$86K

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

+9.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$75807

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2L2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

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).

Expense breakdown

Schedule H Part II

Admin total

$1.5M

$68916 / participant

Other / not subdivided$2M100.0%

% of EOY assets

60.096%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,144

$88,815+42.0%

$81,882+54.1%

$145,897-13.5%

Participation rate

77.3%

75.1%+2.2pp

72.4%+4.9pp

80.3%-3.0pp

Annual return

9.79%

1033.75%-1024.0pp

779.47%-769.7pp

552.29%-542.5pp

Employer contribution / active EE

$745

$3,086-75.9%

$2,916-74.5%

$4,663-84.0%

Participant deferral / active EE

$3,176

$4,647-31.7%

$4,323-26.5%

$6,689-52.5%

Admin fee / account holder

$75,807

$8,434+798.8%

$7,360+930.0%

$13,390+466.1%

SEASHORE GARDENS 403B RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEASHORE GARDENS 403B 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