Retirement plan

HEBREW SENIORLIFE EMPLOYEE SAVINGS PLAN

Name: HEBREW SENIORLIFE, INC. - HEBREW SENIORLIFE EMPLOYEE SAVINGS PLAN (2023) Form 5500
Creator: HEBREW SENIORLIFE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEBREW SENIORLIFE EMPLOYEE SAVINGS PLAN, HEBREW SENIORLIFE, INC.

HEBREW SENIORLIFE, INC.EIN 90-0183119Plan #002PY 2023

1200 CENTRE STREET - ROSLINDALE, MA 02131617-363-8000hebrewseniorlife.orgLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$29.4M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$141.7M

+15.7% from 2022

Total participants

3,219

+11.5% from 2022

Average account balance

$52,015

+11.4% from 2022

Annual return

16.16%

+30.98 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$159.73M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

2,708

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.

90.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$113

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 1 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION9+ years Service code 13 · EIN 35-1140070	Contract Administrator	$258,691

Plan features & details

Pension benefit codes2L2M2F2G2R2T3H3D2S

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$264K

$103 / participant

Contract admin$263K99.3%
Other / not subdivided$2K0.7%

% of EOY assets

0.187%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER PLLC
Auditor EIN: 043499945
Audit fees: $1,785
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,015

$50,151+3.7%

$149,717-65.3%

$80,149-35.1%

Participation rate

80.8%

64.3%+16.5pp

78.8%+2.0pp

72.9%+7.8pp

Annual return

16.16%

29.80%-13.6pp

134.41%-118.2pp

40.39%-24.2pp

Employer contribution / active EE

$1,867-100.0%

$4,820-100.0%

$2,977-100.0%

Participant deferral / active EE

$3,904

$3,194+22.2%

$5,682-31.3%

$5,015-22.2%

Admin fee / account holder

$97

$153-36.4%

$13,213-99.3%

$145-33.0%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION9+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$258,691

HEBREW SENIORLIFE EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEBREW SENIORLIFE EMPLOYEE SAVINGS 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