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 (2023) 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 2023

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

Prospect flagsHigh retiree %Low returnsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$6.5M

-57.5% from 2022

Total participants

155

-67.4% from 2022

Average account balance

$61,680

-4.2% from 2022

Annual return

-54.75%

-35.12 pp from 2022

Benchmarks

See 6,173 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants25-99

Cohort6,173 peers

Snapshot2023

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER LIFE & ANNUITY INSURANCE Service code 50 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Direct Payment	$29,673
VANDERBILT SECURITIES LLC4+ years Filed as: VANDERBILT SECURITIES Service code 55	Other Commissions	$16,948
SENTINEL PENSION ADVISORS4+ years Filed as: SENTINEL BENEFITS GROUP, LLC Service code 13 100 QUANNAPOWITT PARKWAY, SUITE 300 · WAKEFIELD, MA 01880	Contract Administrator	$11,502
VANDERBILT SECURITIES LLC4+ 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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$33K

$433 / participant

Recordkeeping$30K90.3%
Investment mgmt$2K5.2%
Contract admin$2K4.6%

% of EOY assets

0.503%

all-in expense ratio

Categories reported

3 / 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

$61,680

$27,924+120.9%

$58,544+5.4%

$75,181-18.0%

Participation rate

35.5%

38.8%-3.3pp

50.9%-15.3pp

67.2%-31.7pp

Annual return

-54.75%

44.20%-99.0pp

4249.56%-4304.3pp

160.69%-215.4pp

Employer contribution / active EE

$136

$669-79.6%

$1,053-87.1%

$2,671-94.9%

Participant deferral / active EE

$2,598

$1,202+116.2%

$1,923+35.1%

$4,126-37.0%

Admin fee / account holder

$310

$1,726-82.0%

$2,520-87.7%

$5,650-94.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER LIFE & ANNUITY INSURANCE

Service code 50

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Direct Payment

$29,673

VANDERBILT SECURITIES LLC4+ years

Filed as: VANDERBILT SECURITIES

Service code 55

Other Commissions

$16,948

SENTINEL PENSION ADVISORS4+ years

Filed as: SENTINEL BENEFITS GROUP, LLC

Service code 13

100 QUANNAPOWITT PARKWAY, SUITE 300 · WAKEFIELD, MA 01880

Contract Administrator

$11,502

VANDERBILT SECURITIES LLC4+ 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