Retirement plan

SILVER LAKE SPECIALIZED REHABILITATION & CARE CENTER 401(K) PLAN

Name: SILVER LAKE SPECIALIZED REHABILITATION & CARE CENTER - SILVER LAKE SPECIALIZED REHABILITATION & CARE CENTER 401(K) PLAN (2023) Form 5500
Creator: SILVER LAKE SPECIALIZED REHABILITATION & CARE CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SILVER LAKE SPECIALIZED REHABILITATION & CARE CENTER 401(K) PLAN, SILVER LAKE SPECIALIZED REHABILITATION & CARE CENTER

SILVER LAKE SPECIALIZED REHABILITATION & CARE CENTEREIN 35-2328193Plan #002PY 2023

275 CASTLETON AVENUE - STATEN ISLAND, NY 10301718-447-7800LinkedIn51-200 employeesmedical practice

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$4.7M

+7.2% from 2022

Total participants

115

-50.9% from 2022

Average account balance

$45,707

+138.4% from 2022

Annual return

12.49%

+21.72 pp from 2022

Benchmarks

See 20,797 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,797 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.74M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

126

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.

84.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$368K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$50

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
MORNINGSTAR2 years Service code 27 · EIN 36-3297908	Advisory (Plan)	$0
USI CONSULTING GROUP3 years Filed as: USI CONSULTING GROUP INC Service code 49 · EIN 06-1493970	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$13K

$176 / participant

Contract admin$13K100.0%

% of EOY assets

0.269%

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: BONADIO & CO. LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,707

$77,920-41.3%

$149,723-69.5%

$75,177-39.2%

Participation rate

83.3%

65.6%+17.8pp

78.8%+4.6pp

67.2%+16.1pp

Annual return

12.49%

31.72%-19.2pp

134.50%-122.0pp

160.75%-148.3pp

Employer contribution / active EE

$2,445

$3,138-22.1%

$4,821-49.3%

$2,671-8.5%

Participant deferral / active EE

$2,322

$3,411-31.9%

$5,682-59.1%

$4,126-43.7%

Admin fee / account holder

$123

$5,951-97.9%

$13,215-99.1%

$5,651-97.8%

Provider

Service type

Compensation

MORNINGSTAR2 years

Service code 27 · EIN 36-3297908

Advisory (Plan)

USI CONSULTING GROUP3 years

Filed as: USI CONSULTING GROUP INC

Service code 49 · EIN 06-1493970

Other Services

SILVER LAKE SPECIALIZED REHABILITATION & CARE CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SILVER LAKE SPECIALIZED REHABILITATION & CARE CENTER 401(K) 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