Retirement plan

NYH, MC, MCS OP, MM & MCNY 401(K) EMPLOYEE SAVINGS PLAN

Name: OPERATIONS HOLDINGS, INC. - NYH, MC, MCS OP, MM & MCNY 401(K) EMPLOYEE SAVINGS PLAN (2022) Form 5500
Creator: OPERATIONS HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NYH, MC, MCS OP, MM & MCNY 401(K) EMPLOYEE SAVINGS PLAN, OPERATIONS HOLDINGS, INC.

OPERATIONS HOLDINGS, INC.EIN 27-3572896Plan #001PY 2022

481 EIGHTH AVENUE, BOX A12 - NEW YORK, NY 10001212-244-0719

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$15.4M

-16.2% from 2021

Total participants

476

-4.2% from 2021

Average account balance

$64,366

-15.8% from 2021

Annual return

-19.62%

-33.61 pp from 2021

Benchmarks

See 788 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort788 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.63M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

37.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$209K

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

+17.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$418

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: FIRST GREAT WEST LIFE & ANNUITY Service code 50 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Direct Payment	$60,742
VANDERBILT SECURITIES LLC3+ years Filed as: VANDERBILT SECURITIES Service code 55	Other Commissions	$34,374
SENTINEL PENSION ADVISORS3+ years Filed as: SENTINEL BENEFITS GROUP, LLC Service code 13 100 QUANNAPOWITT PARKWAY, SUITE 300 · WAKEFIELD, MA 01880	Contract Administrator	$21,400
WIPFLI LLP1 year Service code 10 11 SCOTT STREET · WAUSAU, WI 54403	Accounting	$10,800
VANDERBILT SECURITIES LLC3+ years Filed as: VANDERBILT SECURITIES, LLC Service code 55 445 BROADHOLLOW ROAD, SUITE 400 · MELVILLE, NY 11747	Other Commissions	$0

Plan features & details

Pension benefit codes2F2E2J2K3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$46K

$134 / participant

Investment mgmt$43K92.7%
Other / not subdivided$3K7.3%

% of EOY assets

0.299%

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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,366

$30,107+113.8%

$61,452+4.7%

$64,819-0.7%

Participation rate

30.9%

36.4%-5.5pp

52.6%-21.7pp

71.5%-40.6pp

Annual return

-19.62%

-13.99%-5.6pp

338.96%-358.6pp

32.84%-52.5pp

Employer contribution / active EE

$801

$537+49.3%

$1,160-30.9%

$2,507-68.0%

Participant deferral / active EE

$3,039

$1,126+169.9%

$2,125+43.0%

$4,311-29.5%

Admin fee / account holder

$193

$148+30.0%

$2,131-91.0%

$188+2.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: FIRST GREAT WEST LIFE & ANNUITY

Service code 50

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Direct Payment

$60,742

VANDERBILT SECURITIES LLC3+ years

Filed as: VANDERBILT SECURITIES

Service code 55

Other Commissions

$34,374

SENTINEL PENSION ADVISORS3+ years

Filed as: SENTINEL BENEFITS GROUP, LLC

Service code 13

100 QUANNAPOWITT PARKWAY, SUITE 300 · WAKEFIELD, MA 01880

Contract Administrator

$21,400

WIPFLI LLP1 year

Service code 10

11 SCOTT STREET · WAUSAU, WI 54403

Accounting

$10,800

VANDERBILT SECURITIES LLC3+ years

Filed as: VANDERBILT SECURITIES, LLC

Service code 55

445 BROADHOLLOW ROAD, SUITE 400 · MELVILLE, NY 11747

Other Commissions

NYH, MC, MCS OP, MM & MCNY 401(K) EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NYH, MC, MCS OP, MM & MCNY 401(K) EMPLOYEE SAVINGS 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