Retirement plan

NORTHWEST ESSEX COMMUNITY HEALTHCARE NETWORK, INC 401 (K)

Name: NW ESSEX COMM HEALTHCARE NETWORK - NORTHWEST ESSEX COMMUNITY HEALTHCARE NETWORK, INC 401 (K) (2016) Form 5500
Creator: NW ESSEX COMM HEALTHCARE NETWORK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHWEST ESSEX COMMUNITY HEALTHCARE NETWORK, INC 401 (K), NW ESSEX COMM HEALTHCARE NETWORK

NW ESSEX COMM HEALTHCARE NETWORKEIN 22-1623568Plan #004PY 2016

570 BELLEVILLE AVENUE - BELLEVILLE, NJ 07109973-450-3112

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$4.3M

+14.3% from 2015

Total participants

+5.7% from 2015

Average account balance

$48,265

+11.7% from 2015

Annual return

3.98%

+3.99 pp from 2015

Benchmarks

See 17,769 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,769 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.70M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

136.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$440K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4457

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 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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$34K

$422 / participant

Other / not subdivided$34K100.0%

% of EOY assets

0.786%

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

$48,265

$77,638-37.8%

$156,551-69.2%

$62,881-23.2%

Participation rate

96.3%

71.2%+25.1pp

84.0%+12.2pp

69.3%+26.9pp

Annual return

3.98%

50.33%-46.3pp

32.23%-28.2pp

20.14%-16.2pp

Employer contribution / active EE

$2,601

$3,444-24.5%

$5,501-52.7%

$2,281+14.0%

Participant deferral / active EE

$2,641

$3,046-13.3%

$4,871-45.8%

$3,203-17.6%

Admin fee / account holder

$379

$5,561-93.2%

$13,028-97.1%

$4,296-91.2%

NORTHWEST ESSEX COMMUNITY HEALTHCARE NETWORK, INC 401 (K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHWEST ESSEX COMMUNITY HEALTHCARE NETWORK, INC 401 (K)

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