Retirement plan

WESTFIELD SENIOR CITIZENS HOUSING CORPORATION 401(K) PLAN

Name: WESTFIELD SENIOR CITIZENS HOUSING CORPORATION - WESTFIELD SENIOR CITIZENS HOUSING CORPORATION 401(K) PLAN (2017) Form 5500
Creator: WESTFIELD SENIOR CITIZENS HOUSING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTFIELD SENIOR CITIZENS HOUSING CORPORATION 401(K) PLAN, WESTFIELD SENIOR CITIZENS HOUSING CORPORATION

WESTFIELD SENIOR CITIZENS HOUSING CORPORATIONEIN 22-2083588Plan #001PY 2017

1133 BOYNTON AVENUE - WESTFIELD, NJ 07090908-518-9586

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+17.6% from 2016

Total participants

-7.7% from 2016

Average account balance

$86,895

+32.9% from 2016

Annual return

14.14%

+8.57 pp from 2016

Benchmarks

See 106,906 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort106,906 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.88M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

125.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$272K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5523

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 codes2E2F2G3D3H

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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$43K

$2240 / participant

Other / not subdivided$43K100.0%

% of EOY assets

2.129%

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

$86,895

$198,461-56.2%

$170,436-49.0%

$147,585-41.1%

Participation rate

94.7%

88.0%+6.8pp

83.6%+11.1pp

82.8%+11.9pp

Annual return

14.14%

257.30%-243.2pp

205.94%-191.8pp

578.57%-564.4pp

Employer contribution / active EE

$1,675

$6,184-72.9%

$5,433-69.2%

$4,876-65.7%

Participant deferral / active EE

$3,566

$5,629-36.7%

$4,939-27.8%

$5,439-34.4%

Admin fee / account holder

$1,850

$16,852-89.0%

$13,880-86.7%

$10,885-83.0%

WESTFIELD SENIOR CITIZENS HOUSING CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTFIELD SENIOR CITIZENS HOUSING CORPORATION 401(K) 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