Retirement plan

NORTH EAST MEDICAL SERVICES PROFIT SHARING 401(K) PLAN

Name: NORTH EAST MEDICAL SERVICES - NORTH EAST MEDICAL SERVICES PROFIT SHARING 401(K) PLAN (2017) Form 5500
Creator: NORTH EAST MEDICAL SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH EAST MEDICAL SERVICES PROFIT SHARING 401(K) PLAN, NORTH EAST MEDICAL SERVICES

NORTH EAST MEDICAL SERVICESEIN 94-1722562Plan #001PY 2017

1520 STOCKTON STREET - SAN FRANCISCO, CA 941333354415-391-9686nems.orgLinkedIn501-1000 employeeshospital & health care

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed October 7, 2021 (most recent of 3 filings on file)

Plan administrator

Plan administrator name- on Solo, $4.99 for your first month

2171 Junipero Sierra Blvd, 7th Floor

Daly City, CA 94014

Email- on Solo, $4.99 for your first month Phone- on Solo, $4.99 for your first month

Plans declared (1)

Retention Incentive Plan1 emp

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Total assets (EOY)

$65.9M

+28.1% from 2016

Total participants

895

-4.6% from 2016

Average account balance

$74,181

+31.5% from 2016

Annual return

15.67%

+6.25 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$174.98M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

1,467

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.

98.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$17.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$142

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 4 by compensation

Provider	Service type	Compensation
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTNET RETIREMENT SOLUTIONS Service code 27 1801 CALIFORNIA ST, 23RD FLOOR · DENVER, CO 80202	Advisory (Plan)	$0
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP / NEWPORT TRUST CO. Service code 15 13925 BALLANTYNE CORPORATE PLACE · CHARLOTTE, NC 28277	Recordkeeping	$0
PATEL & ASSOCIATES, LLP3+ years Service code 10 266 17TH STREET, SUITE 200 · OAKLAND, CA 946124124	Accounting	$0
PENSION BENEFIT CONSULTANTS3+ years Service code 15 201 FOURTH STREET, SUITE 202 · OAKLAND, CA 94607	Recordkeeping	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$144K

$204 / participant

Investment mgmt$79K54.6%
Contract admin$58K39.9%
Other / not subdivided$8K5.4%

% of EOY assets

0.219%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HARSHWAL & COMPANY, LLP
Auditor EIN: 270741376
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,181

$46,173+60.7%

$170,442-56.5%

$69,631+6.5%

Participation rate

99.0%

63.9%+35.1pp

83.6%+15.4pp

70.7%+28.3pp

Annual return

15.67%

21.62%-5.9pp

205.93%-190.3pp

27571.02%-27555.3pp

Employer contribution / active EE

$5,347

$1,610+232.2%

$5,433-1.6%

$2,032+163.1%

Participant deferral / active EE

$4,367

$2,080+109.9%

$4,939-11.6%

$3,224+35.5%

Admin fee / account holder

$162

$116+40.0%

$13,880-98.8%

$110+47.0%

Provider

Service type

Compensation

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTNET RETIREMENT SOLUTIONS

Service code 27

1801 CALIFORNIA ST, 23RD FLOOR · DENVER, CO 80202

Advisory (Plan)

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP / NEWPORT TRUST CO.

Service code 15

13925 BALLANTYNE CORPORATE PLACE · CHARLOTTE, NC 28277

Recordkeeping

PATEL & ASSOCIATES, LLP3+ years

Service code 10

266 17TH STREET, SUITE 200 · OAKLAND, CA 946124124

Accounting

PENSION BENEFIT CONSULTANTS3+ years

Service code 15

201 FOURTH STREET, SUITE 202 · OAKLAND, CA 94607

Recordkeeping

NORTH EAST MEDICAL SERVICES PROFIT SHARING 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH EAST MEDICAL SERVICES PROFIT SHARING 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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