Retirement plan

EMPLOYEES 401(K) RETIREMENT PLAN

Name: SUFFOLK RESTORATIVE THERAPY & NURSING LLC - EMPLOYEES 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: SUFFOLK RESTORATIVE THERAPY & NURSING LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEES 401(K) RETIREMENT PLAN, SUFFOLK RESTORATIVE THERAPY & NURSING LLC

SUFFOLK RESTORATIVE THERAPY & NURSING LLCEIN 26-3668051Plan #001PY 2023

2 MEDICAL PLAZA - GLEN COVE, NY 11542516-671-4100LinkedIn1-10 employeeshospital & health care

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$9.6M

+62.8% from 2022

Total participants

894

+34.6% from 2022

Average account balance

$28,324

+37.5% from 2022

Annual return

30.19%

+43.06 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.53M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

360

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.

31.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.13M

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

+15.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$151

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
AMERICAN FUNDS3 years Filed as: CAPITAL GROUP RETIREMENT Service code 64 · EIN 82-4555287 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$21,473
HERITAGE PENSION ADVISORS, LLC3 years Filed as: HERITAGE PENSION ADVISORS, INC. Service code 13 · EIN 27-1835823 66 COMMACK ROAD, STE. 308 · COMMACK, NY 117253405	Contract Administrator	$18,078

Plan features & details

Pension benefit codes2E2J2K2T3D2F

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).
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$40K

$46 / participant

Recordkeeping$40K100.0%

% of EOY assets

0.418%

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: CARON & BLETZER,PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,324

$47,163-39.9%

$149,696-81.1%

$74,460-62.0%

Participation rate

36.5%

63.4%-26.9pp

78.8%-42.2pp

70.7%-34.2pp

Annual return

30.19%

22.75%+7.4pp

134.46%-104.3pp

34.38%-4.2pp

Employer contribution / active EE

$915

$1,907-52.0%

$4,821-81.0%

$2,638-65.3%

Participant deferral / active EE

$1,581

$2,730-42.1%

$5,682-72.2%

$4,530-65.1%

Admin fee / account holder

$118

$343-65.5%

$13,212-99.1%

$348-66.0%

Provider

Service type

Compensation

AMERICAN FUNDS3 years

Filed as: CAPITAL GROUP RETIREMENT

Service code 64 · EIN 82-4555287

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$21,473

HERITAGE PENSION ADVISORS, LLC3 years

Filed as: HERITAGE PENSION ADVISORS, INC.

Service code 13 · EIN 27-1835823

66 COMMACK ROAD, STE. 308 · COMMACK, NY 117253405

Contract Administrator

$18,078

EMPLOYEES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEES 401(K) RETIREMENT 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