Retirement plan

WEST VIEW NURSING HOME, INC. 401(K) PLAN

Name: 239 LEGRIS AVE OPERATIONS LLC - WEST VIEW NURSING HOME, INC. 401(K) PLAN (2020) Form 5500
Creator: 239 LEGRIS AVE OPERATIONS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEST VIEW NURSING HOME, INC. 401(K) PLAN, 239 LEGRIS AVE OPERATIONS LLC

239 LEGRIS AVE OPERATIONS LLCEIN 82-3615975Plan #001PY 2020

239 LEGRIS AVENUE - WEST WARWICK, RI 02893401-828-9000

Prospect flagsLow participationRecently reached 100 employees

How to read this page

Total assets (EOY)

$5.7M

+25.5% from 2019

Total participants

260

-8.8% from 2019

Average account balance

$43,923

-9.5% from 2019

Annual return

26.93%

+12.67 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.08M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

187

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.

17.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$855K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$183

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 5 by compensation

Provider	Service type	Compensation
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: CORNERSTONE RETIREMENT PLAN ADMIN. Service code 13	Contract Administrator	$4,495
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: CORNERSTONE RETIREMENT PLAN ADMIN Service code 13 · EIN 27-1207016 931 JEFFERSON BLVD · WARWICK, RI 02886	Contract Administrator	$1,050
GLOBAL RETIREMENT PARTNERS LLC3+ years Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 4340 REDWOOD HWY STE B60 · SAN RAFAEL, CA 94903	Advisory (Plan)	$1,000
ADVISORY ASSETS GROUP2 years Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$999
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWICH VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$1K

$7 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.025%

all-in expense ratio

Categories reported

0 / 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: SAUL N. FRIEDMAN & COMPANY
Auditor EIN: 112632255
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,923

$58,895-25.4%

$178,503-75.4%

$73,497-40.2%

Participation rate

38.2%

66.2%-28.0pp

81.9%-43.7pp

70.7%-32.5pp

Annual return

26.93%

24.86%+2.1pp

151.12%-124.2pp

28.51%-1.6pp

Employer contribution / active EE

$440

$2,236-80.3%

$5,011-91.2%

$2,270-80.6%

Participant deferral / active EE

$1,302

$2,567-49.3%

$5,202-75.0%

$3,740-65.2%

Admin fee / account holder

$11

$400-97.3%

$13,987-99.9%

$513-97.9%

Provider

Service type

Compensation

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: CORNERSTONE RETIREMENT PLAN ADMIN.

Service code 13

Contract Administrator

$4,495

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: CORNERSTONE RETIREMENT PLAN ADMIN

Service code 13 · EIN 27-1207016

931 JEFFERSON BLVD · WARWICK, RI 02886

Contract Administrator

$1,050

GLOBAL RETIREMENT PARTNERS LLC3+ years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27

4340 REDWOOD HWY STE B60 · SAN RAFAEL, CA 94903

Advisory (Plan)

$1,000

ADVISORY ASSETS GROUP2 years

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$999

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWICH VILLAGE, CO 80111

Recordkeeping Fees

WEST VIEW NURSING HOME, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEST VIEW NURSING HOME, INC. 401(K) 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