Retirement plan

EMPLOYEE BENEFIT PLAN OF COMMUNITY HEALTH CENTER OF RICHMOND, INC.

Name: COMMUNITY HEALTH CENTER OF RICHMOND, INC. - EMPLOYEE BENEFIT PLAN OF COMMUNITY HEALTH CENTER OF RICHMOND, INC. (2020) Form 5500
Creator: COMMUNITY HEALTH CENTER OF RICHMOND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF COMMUNITY HEALTH CENTER OF RICHMOND, INC., COMMUNITY HEALTH CENTER OF RICHMOND, INC.

COMMUNITY HEALTH CENTER OF RICHMOND, INC.EIN 51-0567466Plan #002PY 2020

439 PORT RICHMOND AVE - STATEN ISLAND, NY 103021714718-924-2254chcrichmond.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.2M

+14.6% from 2019

Total participants

+2.7% from 2019

Average account balance

$68,829

+13.1% from 2019

Annual return

11.74%

-4.59 pp from 2019

Benchmarks

See 18,640 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,640 peers

Snapshot2020

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$10.40M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

105

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.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2606

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

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Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2S2T3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$662K

$12733 / participant

Other / not subdivided$662K100.0%

% of EOY assets

12.657%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$68,829

$91,190-24.5%

$178,490-61.4%

$79,858-13.8%

Participation rate

98.1%

69.2%+28.9pp

81.9%+16.2pp

69.6%+28.4pp

Annual return

11.74%

24.19%-12.4pp

151.07%-139.3pp

31.71%-20.0pp

Employer contribution / active EE

$7,495

$3,256+130.2%

$5,011+49.6%

$2,471+203.3%

Participant deferral / active EE

$7,727

$3,236+138.8%

$5,202+48.5%

$3,740+106.6%

Admin fee / account holder

$8,712

$6,751+29.0%

$13,984-37.7%

$5,306+64.2%

EMPLOYEE BENEFIT PLAN OF COMMUNITY HEALTH CENTER OF RICHMOND, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF COMMUNITY HEALTH CENTER OF RICHMOND, INC.

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