Retirement plan

BANKERS HEALTHCARE GROUP, INC. EMPLOYEES 401(K) RETIREMENT PLAN

Name: BANKERS HEALTHCARE GROUP, LLC - BANKERS HEALTHCARE GROUP, INC. EMPLOYEES 401(K) RETIREMENT PLAN (2015) Form 5500
Creator: BANKERS HEALTHCARE GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANKERS HEALTHCARE GROUP, INC. EMPLOYEES 401(K) RETIREMENT PLAN, BANKERS HEALTHCARE GROUP, LLC

BANKERS HEALTHCARE GROUP, LLCEIN 65-0376686Plan #001PY 2015

201 SOLAR STREET - SYRACUSE, NY 13204315-671-4105

Other plans on this EIN

1 filing

#002Retirement-$2.0M assets

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$7.5M

No prior year

Total participants

204

No prior year

Average account balance

$36,903

No prior year

Annual return

-2.00%

No prior year

Benchmarks

See 2,156 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,156 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$91.44M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

1,386

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.

84.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33

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
ONEIDA SAVINGS BANK1+ years Filed as: ONEIDA WEALTH MANAGEMENT Service code 26 · EIN 20-5076269	Advisory (Participants)	$23,758
ONEIDA SAVINGS BANK1+ years Service code 34 · EIN 15-0405820	Valuation (appraisals, etc.)	$5,228

Plan features & details

Pension benefit codes2A2E2G2J2R3D

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$1K

$8 / participant

Contract admin$1K100.0%

% of EOY assets

0.017%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EVANS AND BENNETT
Auditor EIN: 150551397
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,903

$70,667-47.8%

$123,105-70.0%

$52,331-29.5%

Participation rate

100.0%

83.7%+16.3pp

86.8%+13.2pp

68.1%+31.9pp

Annual return

-2.00%

6.23%-8.2pp

13.22%-15.2pp

4.54%-6.5pp

Employer contribution / active EE

$6,684

$2,946+126.9%

$5,151+29.8%

$1,882+255.2%

Participant deferral / active EE

$3,881

$4,493-13.6%

$6,229-37.7%

$3,022+28.4%

Admin fee / account holder

$506-98.7%

$9,014-99.9%

$592-98.9%

Provider

Service type

Compensation

ONEIDA SAVINGS BANK1+ years

Filed as: ONEIDA WEALTH MANAGEMENT

Service code 26 · EIN 20-5076269

Advisory (Participants)

$23,758

ONEIDA SAVINGS BANK1+ years

Service code 34 · EIN 15-0405820

Valuation (appraisals, etc.)

$5,228

BANKERS HEALTHCARE GROUP, INC. EMPLOYEES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BANKERS HEALTHCARE GROUP, INC. EMPLOYEES 401(K) RETIREMENT 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