Retirement plan

UNITED HELPERS 401(K) RETIREMENT PLAN

Name: UNITED HELPERS MANAGEMENT COMPANY, INC. - UNITED HELPERS 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: UNITED HELPERS MANAGEMENT COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED HELPERS 401(K) RETIREMENT PLAN, UNITED HELPERS MANAGEMENT COMPANY, INC.

UNITED HELPERS MANAGEMENT COMPANY, INC.EIN 22-2428919Plan #003PY 2016

732 FORD STREET - OGDENSBURG, NY 136693406315-393-3074unitedhelpers.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

2 filings

#002Retirement-$17.1M assets #004Retirement-$113K assets

Prospect flagsLow assets / participantLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$4.8M

+10.0% from 2015

Total participants

751

+7.1% from 2015

Average account balance

$7,937

+12.2% from 2015

Annual return

5.69%

+9.00 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

$8.96M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

558

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.

88.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$853K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 · EIN 31-4156830	Recordkeeping	$30,934
BENEFIT PLANS ADMIN SERVICES, INC.1 year Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC Service code 37 · EIN 16-1616474	Loan Processing	$11,580

Plan features & details

Pension benefit codes2E2F2G2J2K3D2S

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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PINTO MUCENSKI HOOPER VANHOUSE & CO
Auditor EIN: 161207215
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,937

$36,916-78.5%

$156,551-94.9%

$57,658-86.2%

Participation rate

80.5%

63.4%+17.1pp

84.0%-3.5pp

70.2%+10.3pp

Annual return

5.69%

12.38%-6.7pp

32.23%-26.5pp

5.13%+0.6pp

Employer contribution / active EE

$53

$1,571-96.6%

$5,501-99.0%

$1,974-97.3%

Participant deferral / active EE

$808

$1,926-58.0%

$4,871-83.4%

$3,061-73.6%

Admin fee / account holder

$82-100.0%

$13,028-100.0%

$95-100.0%

Provider

Service type

Compensation

NATIONWIDE2+ years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 15 · EIN 31-4156830

Recordkeeping

$30,934

BENEFIT PLANS ADMIN SERVICES, INC.1 year

Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC

Service code 37 · EIN 16-1616474

Loan Processing

$11,580

UNITED HELPERS 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

UNITED HELPERS 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion