Retirement plan

CORTLAND ACRES NURSING HOME PROFIT SHARING PLAN

Name: CORTLAND ACRES ASSOCIATION, INC. - CORTLAND ACRES NURSING HOME PROFIT SHARING PLAN (2018) Form 5500
Creator: CORTLAND ACRES ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CORTLAND ACRES NURSING HOME PROFIT SHARING PLAN, CORTLAND ACRES ASSOCIATION, INC.

CORTLAND ACRES ASSOCIATION, INC.EIN 23-7040648Plan #001PY 2018

39 CORTLAND ACRES LANE - THOMAS, WV 26292304-463-4181

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$2.6M

+2.2% from 2017

Total participants

122

+3.4% from 2017

Average account balance

$22,616

-3.1% from 2017

Annual return

-6.90%

-16.76 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.36M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

104

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.

120.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$375K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+8.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3870

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
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO INSURANCE SERVICES Service code 28 2000 MAIN STREET · WHEELING, WV 26003	Investment Management	$20,038
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$75

Plan features & details

Pension benefit codes2E2H2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return 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.

Expense breakdown

Schedule H Part II

Admin total

$25K

$225 / participant

Investment mgmt$25K100.0%

% of EOY assets

0.971%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRAY, GRIFFITH & MAYS, A.C.
Auditor EIN: 550621482
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,616

$47,977-52.9%

$154,111-85.3%

$56,287-59.8%

Participation rate

93.8%

66.2%+27.6pp

83.0%+10.7pp

69.9%+23.9pp

Annual return

-6.90%

3.54%-10.4pp

735.18%-742.1pp

-9.96%+3.1pp

Employer contribution / active EE

$1,409

$2,169-35.0%

$5,298-73.4%

$2,111-33.3%

Participant deferral / active EE

$1,567

$2,392-34.5%

$5,081-69.2%

$3,350-53.2%

Admin fee / account holder

$220

$438-49.9%

$13,411-98.4%

$521-57.9%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.4+ years

Filed as: WELLS FARGO INSURANCE SERVICES

Service code 28

2000 MAIN STREET · WHEELING, WV 26003

Investment Management

$20,038

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$75

CORTLAND ACRES NURSING HOME PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CORTLAND ACRES NURSING HOME PROFIT SHARING 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