Retirement plan

NEW VISION HOME CARE SERVICES, LLC RETIREMENT PLAN AND TRUST

Name: NEW VISION HOME CARE SERVICES, LLC - NEW VISION HOME CARE SERVICES, LLC RETIREMENT PLAN AND TRUST (2023) Form 5500
Creator: NEW VISION HOME CARE SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW VISION HOME CARE SERVICES, LLC RETIREMENT PLAN AND TRUST, NEW VISION HOME CARE SERVICES, LLC

NEW VISION HOME CARE SERVICES, LLCEIN 45-2460065Plan #001PY 2023

37 SAW MILL RIVER ROAD, SUITE 200 - HAWTHORNE, NY 10532914-449-8021nvhcservices.comLinkedIn1-10 employeesmedical practice

Prospect flagsLow returnsLow assets / participantWind-down / frozen

How to read this page

Total assets (EOY)

$134K

-6.1% from 2022

Total participants

219

-6.0% from 2022

Average account balance

$611

-0.1% from 2022

Annual return

3.43%

+28.95 pp from 2022

Benchmarks

See 5,719 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,719 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$71K

Not enough data

1 years with asset history on file

Average account balance

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

$1K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-13.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27

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

0 years with F_SCH_H allocation on file

See the 7-year trajectory. $4.99 for your first month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
KRONICK KALADA BERDY & CO., P.C.3 years Filed as: KRONICK KALADA BERDY AND CO PC Service code 10 190 LATHROP STREET · KINGSTON, PA 18704	Accounting	$13,000
NATIONWIDE5+ years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 21 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Bank Trustee	$3,106
GELMAN PENSION CONSULTING, INC.5+ years Service code 15 70 WEST 40TH STREET · NEW YORK, NY 10018	Recordkeeping	$1,213
QUINT CAPITAL CORPORATION5+ years Service code 26 230 PARK AVENUE, SUITE 460 · NEW YORK, NY 10169	Advisory (Participants)	$1,084
IRON-CO-FID-COMPREHENSIVE5+ years Filed as: IRON FINANCIAL FLEX ADV FOUNDATIONS Service code 26 630 DUNDEE ROAD, SUITE 200 · NORTHBROOK, IL 60062	Advisory (Participants)	$57

Plan features & details

Pension benefit codes2A2E2F2G2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$17K

$79 / participant

Investment mgmt$4K25.2%
Other / not subdivided$13K74.8%

% of EOY assets

12.978%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: KRONICK KALADA BERDY & CO., P.C.
Auditor EIN: 232667890
Audit fees: $13,000
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$611

$61,272-99.0%

$149,673-99.6%

$71,457-99.1%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

3.43%

35.85%-32.4pp

134.42%-131.0pp

28.85%-25.4pp

Employer contribution / active EE

$2,378-100.0%

$4,818-100.0%

$2,588-100.0%

Participant deferral / active EE

$2,917-100.0%

$5,680-100.0%

$4,289-100.0%

Admin fee / account holder

$79

$1,261-93.7%

$13,210-99.4%

$1,587-95.0%

Provider

Service type

Compensation

KRONICK KALADA BERDY & CO., P.C.3 years

Filed as: KRONICK KALADA BERDY AND CO PC

Service code 10

190 LATHROP STREET · KINGSTON, PA 18704

Accounting

$13,000

NATIONWIDE5+ years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 21

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Bank Trustee

$3,106

GELMAN PENSION CONSULTING, INC.5+ years

Service code 15

70 WEST 40TH STREET · NEW YORK, NY 10018

Recordkeeping

$1,213

QUINT CAPITAL CORPORATION5+ years

Service code 26

230 PARK AVENUE, SUITE 460 · NEW YORK, NY 10169

Advisory (Participants)

$1,084

IRON-CO-FID-COMPREHENSIVE5+ years

Filed as: IRON FINANCIAL FLEX ADV FOUNDATIONS

Service code 26

630 DUNDEE ROAD, SUITE 200 · NORTHBROOK, IL 60062

Advisory (Participants)

$57

NEW VISION HOME CARE SERVICES, LLC RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW VISION HOME CARE SERVICES, LLC RETIREMENT PLAN AND TRUST

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