Plans » Benchmarking Engine
Benchmarking Ideal Home Health Retirement Plan in Brooklyn Ny, NY against
ambivalent (1)
bad (7)
Ideal Home Health Retirement Plan in Brooklyn Ny, NY has the lowest average account balance ($1,514) of the 10,100 plans with at least $1,250 in average employer cash contribution per active participant (Ideal Home Health Retirement Plan is at $1,323).
That is, among those 10,100 plans that do well or OK on one measure, Ideal Home Health Retirement Plan does least well on a related measure. That $1,514 compares to an average of $33,303 across those 10,100 plans.
Reaching the average of $33,303 would imply an extra $52,770,260 in total assets.
Note: average account balance = total assets ÷ total participants
Ideal Home Health Retirement Plan has these standings among those 10,100 peer plans:
That is, among those 10,100 plans that do well or OK on one measure, Ideal Home Health Retirement Plan does least well on a related measure. That $1,514 compares to an average of $33,303 across those 10,100 plans.
Reaching the average of $33,303 would imply an extra $52,770,260 in total assets.
Note: average account balance = total assets ÷ total participants
Ideal Home Health Retirement Plan has these standings among those 10,100 peer plans:
- average account balance = $1,514 (the lowest)
- total assets = $2,513,067 (1,007th-least)
- total participants = 1,660 (3rd-most)
trailed Hamilton Staffing Solutions In 401(K) Profit Sharing Plan & Trust in Montverde, FL ($1,654), TSR Concrete Coatings LLC 401(K) Plan in Lena, IL ($2,257), Pon North America Inc. Defined Contribution Plan in Houston, TX ($2,269), and Barnes Crossing Auto Group 401(K) Plan in Saltillo, MS ($2,749), and 10,095 others, ending with Judith Bukberg Retirement Plan in New York, NY ($1,194,849).
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
- 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-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- average employer cash contribution per active participant. Higher values are better. Average employer cash contribution per active participant equals cash contributions from employers, Line 2a(1)(A) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Ideal Home Health Retirement Plan in Brooklyn Ny, NY is in New York, its EIN is 260289040, its industry group is Home Health Care Services, its plan administrator is Alex Litman, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 621610, has 1,000 to 4,999 total participants, is worse than the overall participant averages in each of average account balance, active-participant contributions per head, and employer contributions per active participant, and is higher than the overall administrative medians in each of other administrative expenses, total administrative expenses, and total administrative expense ratio.
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Numeric values:
- total assets ($2,513,067)
- net assets (assets minus liabilities) ($2.50M)
- value of interest in registered investment companies (e.g., mutual funds) ($2.40M)
- cash contributions from employers ($1,760,113)
- total contributions ($1,760,113)
- total income ($1,401,118)
- total assets at beginning of plan year ($1,391,012)
- net income ($1,122,055)
- total expenses ($279,063)
- other administrative expenses ($61,865)
- total administrative expenses ($61,865)
- value of interest in common/collective trusts ($48,000)
- participant loans ($32,859)
- average account balance ($1,514)
- average employer cash contribution per active participant ($1,323)
- average employer+participant cash contribution per active participant ($1,323)
- net income per total participant ($675.90)
- total administrative expense per participant ($37.27)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- 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)
- value of interest in pooled separate accounts ($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)
- cash contributions from participants ($0)
- corrective distributions ($0)
- professional fees ($0)
- contract administrator fees ($0)
- investment advisory and management fees ($0)
- asset transfers to the plan ($0)
- asset transfers from the plan ($0)
- average participant cash contribution per active participant ($0.00)
- earnings on investments (-$375,995)
- net earnings on investments (-$375,995)
- growth in total assets during the plan year (80.7%)
- percentage of active participants (80.1%)
- diversity of asset types (5.2%)
- total administrative expense ratio (2.462%)
- participant loans as a percentage of plan assets (1.31%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- yield on beginning-of-plan-year total assets (-27.03%)
- active participants (1,330)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (1,660)
- other retired or separated participants entitled to future benefits (330)
- retired or separated participants receiving benefits (0)
- total participants (1,660)
Global References