Retirement plan

SOUTH COVE MANOR NURSING AND REHABILITATION CENTER,INC. 401(K) PLAN

Name: SOUTH COVE MANOR NURSING AND REHABILITATION CENTER, INC. - SOUTH COVE MANOR NURSING AND REHABILITATION CENTER,INC. 401(K) PLAN (2021) Form 5500
Creator: SOUTH COVE MANOR NURSING AND REHABILITATION CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH COVE MANOR NURSING AND REHABILITATION CENTER,INC. 401(K) PLAN, SOUTH COVE MANOR NURSING AND REHABILITATION CENTER, INC.

SOUTH COVE MANOR NURSING AND REHABILITATION CENTER, INC.EIN 80-0687948Plan #001PY 2021

288 WASHINGTON ST. - QUINCY, MA 02169617-423-0590LinkedIn1-10 employeesmedical practice

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed May 10, 2018

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Total assets (EOY)

$10.1M

+12.1% from 2020

Total participants

207

-5.0% from 2020

Average account balance

$84,555

+12.1% from 2020

Annual return

12.08%

-4.69 pp from 2020

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.28M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

128

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.

56.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$926K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC1 year Service code 99 · EIN 47-1411118	Other Fees	$19,119
ASCENSUS LLC1 year Filed as: ASCENSUS Service code 49 PO BOX 734602 · CHICAGO, IL 60673	Other Services	$4,609

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$6K

$32 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.057%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,555

$61,166+38.2%

$185,849-54.5%

$79,391+6.5%

Participation rate

50.6%

66.6%-16.1pp

81.7%-31.1pp

70.7%-20.1pp

Annual return

12.08%

19.45%-7.4pp

122.10%-110.0pp

116.88%-104.8pp

Employer contribution / active EE

$767

$2,321-67.0%

$5,169-85.2%

$2,428-68.4%

Participant deferral / active EE

$2,782

$2,789-0.2%

$5,569-50.0%

$4,046-31.2%

Admin fee / account holder

$48

$710-93.2%

$16,244-99.7%

$627-92.3%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC1 year

Service code 99 · EIN 47-1411118

Other Fees

$19,119

ASCENSUS LLC1 year

Filed as: ASCENSUS

Service code 49

PO BOX 734602 · CHICAGO, IL 60673

Other Services

$4,609

SOUTH COVE MANOR NURSING AND REHABILITATION CENTER,INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH COVE MANOR NURSING AND REHABILITATION CENTER,INC. 401(K) PLAN

Top hat statement on fileNQDC

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