Retirement plan

ECLINICALWORKS PROFIT SHARING 401(K) PLAN

Name: ECLINICALWORKS, LLC - ECLINICALWORKS PROFIT SHARING 401(K) PLAN (2019) 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 2019

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$101.3M

+34.4% from 2018

Total participants

1,676

-0.6% from 2018

Average account balance

$60,499

+33.2% from 2018

Annual return

23.60%

+30.54 pp from 2018

Benchmarks

See 733 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort733 peers

Snapshot2019

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 2 by compensation

Provider	Service type	Compensation
FIDUCIARY INVESTMENT ADVISORS2 years Service code 26 · EIN 20-4751585 100 NORTHFIELD DR · WINDSOR, CT 06095	Advisory (Participants)	$35,000
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 14 · EIN 04-2647786	Plan Administrator	$27,762

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

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,499

$101,523-40.4%

$141,191-57.2%

$77,775-22.2%

Participation rate

99.9%

77.4%+22.5pp

82.5%+17.4pp

73.2%+26.6pp

Annual return

23.60%

56.22%-32.6pp

71.41%-47.8pp

32.58%-9.0pp

Employer contribution / active EE

$3,134

$3,341-6.2%

$4,736-33.8%

$2,504+25.2%

Participant deferral / active EE

$6,136

$6,434-4.6%

$6,710-8.6%

$3,966+54.7%

Admin fee / account holder

-$1

$92-101.1%

$10,264-100.0%

$100-101.0%

Provider

Service type

Compensation

FIDUCIARY INVESTMENT ADVISORS2 years

Service code 26 · EIN 20-4751585

100 NORTHFIELD DR · WINDSOR, CT 06095

Advisory (Participants)

$35,000

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 14 · EIN 04-2647786

Plan Administrator

$27,762

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