Retirement plan

CLIFFSIDE MEDICAL LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: CLIFFSIDE MEDICAL LLC - CLIFFSIDE MEDICAL LLC 401(K) PROFIT SHARING PLAN & TRUST (2021) Form 5500
Creator: CLIFFSIDE MEDICAL LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLIFFSIDE MEDICAL LLC 401(K) PROFIT SHARING PLAN & TRUST, CLIFFSIDE MEDICAL LLC

CLIFFSIDE MEDICAL LLCEIN 22-3371929Plan #001PY 2021

663 PALISADE AVE STE 101 - CLIFFSIDE PARK, NJ 070103098201-568-3686yelp.com/biz/cliffside-medical-cliffside-parkLinkedIn1-10 employeeshealth, wellness and fitness

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$991K

+23.4% from 2020

Total participants

+3.1% from 2020

Average account balance

$90,048

+12.2% from 2020

Annual return

16.44%

+5.31 pp from 2020

Benchmarks

See 18,809 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,809 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.72M

Not enough data

1 years with asset history on file

Average account balance

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

$172K

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.

33.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$97K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+17.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$60

$2 / participant

Other / not subdivided$60100.0%

% of EOY assets

0.006%

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

$90,048

$95,383-5.6%

$185,837-51.5%

$85,856+4.9%

Participation rate

29.0%

68.8%-39.7pp

81.7%-52.7pp

69.3%-40.3pp

Annual return

16.44%

23.59%-7.1pp

122.08%-105.6pp

318.58%-302.1pp

Employer contribution / active EE

$3,313-100.0%

$5,168-100.0%

$2,565-100.0%

Participant deferral / active EE

$1,797

$3,423-47.5%

$5,568-67.7%

$3,952-54.5%

Admin fee / account holder

$7,213-99.9%

$16,241-100.0%

$6,261-99.9%

CLIFFSIDE MEDICAL LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLIFFSIDE MEDICAL LLC 401(K) PROFIT SHARING PLAN & TRUST

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