Retirement plan

HEARTHSTONE SENIOR COMMUNITIES, INC. 401(K) PLAN

Name: HEARTHSTONE SENIOR COMMUNITIES, INC. - HEARTHSTONE SENIOR COMMUNITIES, INC. 401(K) PLAN (2015) Form 5500
Creator: HEARTHSTONE SENIOR COMMUNITIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEARTHSTONE SENIOR COMMUNITIES, INC. 401(K) PLAN, HEARTHSTONE SENIOR COMMUNITIES, INC.

HEARTHSTONE SENIOR COMMUNITIES, INC.EIN 23-2856813Plan #001PY 2015

1665 PALM BEACH LAKES BLVD., SUITE 600 - WEST PALM BEACH, FL 33401561-801-7600LinkedIn1001-5000 employeesnon-profit organization management

Prospect flagsHigh cashLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$6.2M

No prior year

Total participants

1,616

No prior year

Average account balance

$26,499

No prior year

Annual return

1.56%

No prior year

Benchmarks

See 1,197 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,197 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.96M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

108

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.

8.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$347K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$347

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

+7.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7347

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

Top 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 15 · EIN 62-1868111	Recordkeeping	$8,069
VALIC RETIREMENT SERVICES COMPANY1+ years Filed as: VALIC FINANCIAL ADVISORS, INC. Service code 33 · EIN 51-0099033 10006 NORTH DALE MABRY HIGHWAY · TAMPA, FL 33618	Securities brokerage; Distribution (1...	$0

Plan features & details

Pension benefit codes2E2G2J3D2F2K2T3H

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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1K

$1 / participant

Contract admin$1K100.0%

% of EOY assets

0.018%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MOORE STEPHENS LOVELACE PA
Auditor EIN: 593070669
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,499

$37,039-28.5%

$147,618-82.0%

$59,188-55.2%

Participation rate

10.8%

63.8%-53.0pp

84.6%-73.8pp

69.4%-58.6pp

Annual return

1.56%

7.19%-5.6pp

61.98%-60.4pp

5.51%-3.9pp

Employer contribution / active EE

$1,353-100.0%

$5,565-100.0%

$2,098-100.0%

Participant deferral / active EE

$310

$2,094-85.2%

$4,895-93.7%

$3,265-90.5%

Admin fee / account holder

$60-92.0%

$11,612-100.0%

$92-94.8%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1+ years

Filed as: NEWPORT RETIREMENT SERVICES, INC.

Service code 15 · EIN 62-1868111

Recordkeeping

$8,069

VALIC RETIREMENT SERVICES COMPANY1+ years

Filed as: VALIC FINANCIAL ADVISORS, INC.

Service code 33 · EIN 51-0099033

10006 NORTH DALE MABRY HIGHWAY · TAMPA, FL 33618

Securities brokerage; Distribution (1...

HEARTHSTONE SENIOR COMMUNITIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEARTHSTONE SENIOR COMMUNITIES, INC. 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