Retirement plan

KENNEBEC PHARMACY & HOME CARE 401(K) PLAN

Name: KENNEBEC PHARMACY & HOME CARE - KENNEBEC PHARMACY & HOME CARE 401(K) PLAN (2020) Form 5500
Creator: KENNEBEC PHARMACY & HOME CARE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KENNEBEC PHARMACY & HOME CARE 401(K) PLAN, KENNEBEC PHARMACY & HOME CARE

KENNEBEC PHARMACY & HOME CAREEIN 01-0501417Plan #001PY 2020

11 MEDICAL CENTER PARKWAY - AUGUSTA, ME 04330207-626-2726kennebecpharmacy.comLinkedIn51-200 employeeshospital & health care

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.7M

+19.9% from 2019

Total participants

113

+5.6% from 2019

Average account balance

$52,310

-2.7% from 2019

Annual return

19.38%

-10.86 pp from 2019

Benchmarks

See 2,198 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,198 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.82M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

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.

166.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$363K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6564

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

0 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
PEOPLE'S UNITED BANK3 years Service code 13 · EIN 06-1213065	Contract Administrator	$24,220

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$25K

$251 / participant

Contract admin$8613.4%
Other / not subdivided$24K96.6%

% of EOY assets

0.533%

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: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,310

$54,573-4.1%

$90,970-42.5%

$73,493-28.8%

Participation rate

77.0%

61.2%+15.8pp

69.0%+8.0pp

70.7%+6.3pp

Annual return

19.38%

16.69%+2.7pp

134.58%-115.2pp

28.51%-9.1pp

Employer contribution / active EE

$1,550

$991+56.3%

$2,122-27.0%

$2,270-31.7%

Participant deferral / active EE

$3,031

$2,517+20.4%

$3,373-10.1%

$3,740-19.0%

Admin fee / account holder

$279

$521-46.6%

$5,960-95.3%

$513-45.7%

Provider

Service type

Compensation

PEOPLE'S UNITED BANK3 years

Service code 13 · EIN 06-1213065

Contract Administrator

$24,220

KENNEBEC PHARMACY & HOME CARE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KENNEBEC PHARMACY & HOME CARE 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