Retirement plan

REGIONAL HOME CARE 401(K) PLAN FKA NORTH ATLANTIC MEDICAL SERVICES 401(K) RETIREMENT PLAN

Name: REGIONAL HOME CARE - REGIONAL HOME CARE 401(K) PLAN FKA NORTH ATLANTIC MEDICAL SERVICES 401(K) RETIREMENT PLAN (2017) Form 5500
Creator: REGIONAL HOME CARE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REGIONAL HOME CARE 401(K) PLAN FKA NORTH ATLANTIC MEDICAL SERVICES 401(K) RETIREMENT PLAN, REGIONAL HOME CARE

REGIONAL HOME CAREEIN 04-2887579Plan #001PY 2017

125 TOLMAN AVENUE - LEOMINSTER, MA 01453978-840-0113regionalhc.comLinkedIn201-500 employeeshealth, wellness and fitness

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$5.1M

+23.1% from 2016

Total participants

214

+3.4% from 2016

Average account balance

$33,196

-0.7% from 2016

Annual return

17.87%

+12.51 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.15M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

291

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.

89.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.47M

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

+15.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$335

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
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$9,685

Plan features & details

Pension benefit codes2E3D2G2J2R2F2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$10K

$49 / participant

Contract admin$10K100.0%

% of EOY assets

0.188%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MELANSON HEATH & COMPANY, PC
Auditor EIN: 020354851
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,196

$55,453-40.1%

$170,435-80.5%

$62,293-46.7%

Participation rate

70.1%

66.4%+3.7pp

83.6%-13.5pp

69.5%+0.5pp

Annual return

17.87%

21.38%-3.5pp

205.94%-188.1pp

28.90%-11.0pp

Employer contribution / active EE

$39

$2,164-98.2%

$5,432-99.3%

$2,042-98.1%

Participant deferral / active EE

$2,673

$2,303+16.1%

$4,939-45.9%

$3,169-15.7%

Admin fee / account holder

$62

$455-86.3%

$13,881-99.5%

$479-87.0%

Provider

Service type

Compensation

ASCENSUS LLC3+ years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$9,685

REGIONAL HOME CARE 401(K) PLAN FKA NORTH ATLANTIC MEDICAL SERVICES 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REGIONAL HOME CARE 401(K) PLAN FKA NORTH ATLANTIC MEDICAL SERVICES 401(K) RETIREMENT 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