Retirement plan

ECLINICALWORKS PROFIT SHARING 401(K) PLAN

Name: ECLINICALWORKS, LLC - ECLINICALWORKS PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: ECLINICALWORKS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ECLINICALWORKS PROFIT SHARING 401(K) PLAN, ECLINICALWORKS, LLC

ECLINICALWORKS, LLCEIN 04-3461392Plan #001PY 2024

2 TECHNOLOGY DRIVE - WESTBOROUGH, MA 01581508-475-0450eclinicalworks.comLinkedIn1001-5000 employeescomputer software

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$240.9M

+24.6% from 2023

Total participants

1,825

-2.6% from 2023

Average account balance

$132,170

+27.6% from 2023

Annual return

16.86%

-5.86 pp from 2023

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$240.95M

Not enough data

1 years with asset history on file

Average account balance

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

$132K

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.

1,823

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.

99.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+16.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$83

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 37 · EIN 04-2647786	Loan Processing	$65,725
DIMEO SCHNEIDER & ASSOCIATES LLC5 years Service code 16 · EIN 36-4001764	Consulting	$48,380
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$37,649

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$152K

$104 / participant

Recordkeeping$65K42.7%
Investment mgmt$38K24.8%
Contract admin$9000.6%
Other / not subdivided$48K31.9%

% of EOY assets

0.063%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$132,170

$122,219+8.1%

$147,096-10.1%

$199,921-33.9%

Participation rate

99.9%

78.3%+21.6pp

82.2%+17.7pp

72.0%+27.9pp

Annual return

16.86%

30.59%-13.7pp

419.75%-402.9pp

34.28%-17.4pp

Employer contribution / active EE

$4,313

$4,096+5.3%

$4,936-12.6%

$3,035+42.1%

Participant deferral / active EE

$10,999

$8,503+29.4%

$8,071+36.3%

$5,089+116.1%

Admin fee / account holder

$83

$179-53.5%

$13,005-99.4%

$269-69.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 37 · EIN 04-2647786

Loan Processing

$65,725

DIMEO SCHNEIDER & ASSOCIATES LLC5 years

Service code 16 · EIN 36-4001764

Consulting

$48,380

STRATEGIC ADVISORS, INC.4 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$37,649

ECLINICALWORKS PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ECLINICALWORKS PROFIT SHARING 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