Plans » Benchmarking Engine
Benchmarking Cortland Acres Nursing Home Profit Sharing Plan in Thomas, WV against
good (3)
neutral (9)
Cortland Acres Nursing Home Profit Sharing Plan in Thomas, WV has the 2nd-highest average account balance ($38,658) of the 135 plans in the Southeast whose industry group is Nursing and Residential Care Facilities. That $38,658 compares to an average of $14,051 across those 135 plans.
Beating the average of $14,051 means an extra $2,534,480 in total assets.
Note: average account balance = total assets ÷ total participants
Cortland Acres Nursing Home Profit Sharing Plan has these standings among those 135 peer plans:
Beating the average of $14,051 means an extra $2,534,480 in total assets.
Note: average account balance = total assets ÷ total participants
Cortland Acres Nursing Home Profit Sharing Plan has these standings among those 135 peer plans:
- average account balance = $38,658 (2nd-highest)
- total assets = $3,981,777 (62nd-most)
- total participants = 103 (7th-fewest)
- average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- whose industry group is. The industry group is the first four digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- in region. The 9 regions with their corresponding states or other geographic entities are: New England (CT ME MA NH RI VT), Mid Atlantic (DE DC MD NJ NY PA), Great Lakes (IL IN MI OH WI), Plains (IA KS MN MO NE ND SD), Southeast (AL AR FL GA KY LA MS NC SC TN VA WV), Southwest (AZ NM OK TX), Rocky Mountains (CO ID MT UT WY), Far West (AK CA HI NV OR WA), and Outlying Areas (VI PR GU AS MP). Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Cortland Acres Nursing Home Profit Sharing Plan in Thomas, WV is in West Virginia, its EIN is 237040648, its industry group is Nursing and Residential Care Facilities, its plan administrator is Beth Clevenger, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, is a single-employer plan, its business code is 623000, has 100 to 499 total participants, is worse than the overall participant averages in each of net income per total participant, active-participant contributions per head, and total administrative expense per participant, and is higher than the overall administrative medians in each of investment advisory and management fees, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- net assets (assets minus liabilities) ($4.00M)
- total assets ($3,981,777)
- total assets at beginning of plan year ($3,750,219)
- value of interest in pooled separate accounts ($2,004,886)
- value of interest in registered investment companies (e.g., mutual funds) ($1.80M)
- total income ($638,384)
- total expenses ($406,826)
- earnings on investments ($320,918)
- total contributions ($317,466)
- net earnings on investments ($277,462)
- net income ($231,558)
- cash contributions from participants ($174,285)
- receivables employer contributions ($143,811)
- cash contributions from employers ($143,181)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($64,289)
- investment advisory and management fees ($43,456)
- total administrative expenses ($43,456)
- average account balance ($38,658)
- net income per total participant ($2,248)
- average participant cash contribution per active participant ($2,027)
- average employer cash contribution per active participant ($1,665)
- U.S. government securities ($0.83K)
- total administrative expense per participant ($421.90)
- total noninterest-bearing cash ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- participant loans ($0)
- value of interest in common/collective trusts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- corrective distributions ($0)
- professional fees ($0)
- contract administrator fees ($0)
- other administrative expenses ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- percentage of active participants (83.5%)
- diversity of asset types (28.1%)
- yield on beginning-of-plan-year total assets (7.40%)
- total cash as a percentage of plan assets (1.61%)
- total administrative expense ratio (1.091%)
- participant loans as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (86)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (103)
- other retired or separated participants entitled to future benefits (17)
- retired or separated participants receiving benefits (0)
- total participants (103)
Global References