Retirement plan

HEALTH FACILITY RETIREMENT PLAN

Name: BELLHAVEN MANAGEMEN LLC DBA - HEALTH FACILITY RETIREMENT PLAN (2023) Form 5500
Creator: BELLHAVEN MANAGEMEN LLC DBA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEALTH FACILITY RETIREMENT PLAN, BELLHAVEN MANAGEMEN LLC DBA

BELLHAVEN MANAGEMEN LLC DBAEIN 26-4804287Plan #002PY 2023

110 BEAVER DAM ROAD - BROOKHAVEN, NY 117199755631-286-8100LinkedIn1-10 employeeshospital & health care

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$8.8M

+19.5% from 2022

Total participants

541

-17.4% from 2022

Average account balance

$20,271

+15.6% from 2022

Annual return

13.31%

+27.58 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.22M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

464

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.

52.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

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

+10.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35

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
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 26	Advisory (Participants)	$3,635
MORNINGSTAR5 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$3,226

Plan features & details

Pension benefit codes2E2F2G2J2T3D2K

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$63K

$138 / participant

Contract admin$63K100.0%

% of EOY assets

0.718%

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: HMM CPAS LLP
Auditor EIN: 465416249
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,271

$47,180-57.0%

$149,723-86.5%

$74,473-72.8%

Participation rate

76.5%

63.4%+13.1pp

78.8%-2.2pp

70.7%+5.8pp

Annual return

13.31%

22.75%-9.4pp

134.50%-121.2pp

34.36%-21.1pp

Employer contribution / active EE

$923

$1,907-51.6%

$4,821-80.8%

$2,638-65.0%

Participant deferral / active EE

$1,206

$2,730-55.8%

$5,682-78.8%

$4,530-73.4%

Admin fee / account holder

$146

$343-57.6%

$13,215-98.9%

$347-58.1%

Provider

Service type

Compensation

ASCENSUS LLC2 years

Filed as: ASCENSUS

Service code 26

Advisory (Participants)

$3,635

MORNINGSTAR5 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$3,226

HEALTH FACILITY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEALTH FACILITY 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