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 (2016) 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 2016

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

Other plans on this EIN

1 filing

#002Retirement-$2.7M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.2M

+35.4% from 2015

Total participants

374

+83.3% from 2015

Average account balance

$33,083

-10.4% from 2015

Annual return

10.77%

+12.78 pp from 2015

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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 BANK2+ years Filed as: ONEIDA WEALTH MANAGEMENT Service code 26 · EIN 20-5076269	Advisory (Participants)	$17,040
INVEST FINANCIAL CORPORATION1 year Filed as: INVEST FIN CORP INS AGCY OF IL Service code 26 · EIN 59-2195688	Advisory (Participants)	$10,444

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$2K

$7 / participant

Investment mgmt$62028.6%
Contract admin$2K71.4%

% of EOY assets

0.021%

all-in expense ratio

Categories reported

2 / 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

$33,083

$71,802-53.9%

$133,975-75.3%

$57,658-42.6%

Participation rate

78.4%

85.5%-7.1pp

87.1%-8.7pp

70.2%+8.1pp

Annual return

10.77%

13.51%-2.7pp

29.29%-18.5pp

5.13%+5.6pp

Employer contribution / active EE

$4,276

$3,161+35.2%

$5,211-18.0%

$1,974+116.6%

Participant deferral / active EE

$2,873

$4,606-37.6%

$6,282-54.3%

$3,061-6.1%

Admin fee / account holder

$88-92.0%

$9,324-99.9%

$95-92.5%

Provider

Service type

Compensation

ONEIDA SAVINGS BANK2+ years

Filed as: ONEIDA WEALTH MANAGEMENT

Service code 26 · EIN 20-5076269

Advisory (Participants)

$17,040

INVEST FINANCIAL CORPORATION1 year

Filed as: INVEST FIN CORP INS AGCY OF IL

Service code 26 · EIN 59-2195688

Advisory (Participants)

$10,444

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