Retirement plan

ECLINICALWORKS PROFIT SHARING 401(K) PLAN

Name: ECLINICALWORKS, LLC - ECLINICALWORKS PROFIT SHARING 401(K) PLAN (2020) 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 2020

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$133.1M

+31.4% from 2019

Total participants

1,689

+0.8% from 2019

Average account balance

$79,209

+30.9% from 2019

Annual return

20.91%

-2.70 pp from 2019

Benchmarks

See 755 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort755 peers

Snapshot2020

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 04-2647786	Loan Processing	$45,959
DIMEO SCHNEIDER & ASSOCIATES LLC1 year Service code 16 · EIN 36-4001764	Consulting	$14,883
FIDUCIARY INVESTMENT ADVISORS3 years Service code 16 · EIN 20-4751585	Consulting	$8,750
BDO USA, LLP1 year Filed as: BDO Service code 10 · EIN 13-5381590	Accounting	$8,150

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$80K

$58 / participant

Investment mgmt$2K2.6%
Other / not subdivided$78K97.4%

% of EOY assets

0.060%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,209

$127,481-37.9%

$149,730-47.1%

$90,274-12.3%

Participation rate

99.3%

78.2%+21.1pp

82.5%+16.9pp

73.4%+26.0pp

Annual return

20.91%

57.78%-36.9pp

276.70%-255.8pp

53.97%-33.1pp

Employer contribution / active EE

$3,485

$3,448+1.1%

$4,645-25.0%

$2,523+38.1%

Participant deferral / active EE

$7,823

$6,975+12.2%

$6,843+14.3%

$4,231+84.9%

Admin fee / account holder

$48

$152-68.7%

$9,310-99.5%

$114-58.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 04-2647786

Loan Processing

$45,959

DIMEO SCHNEIDER & ASSOCIATES LLC1 year

Service code 16 · EIN 36-4001764

Consulting

$14,883

FIDUCIARY INVESTMENT ADVISORS3 years

Service code 16 · EIN 20-4751585

Consulting

$8,750

BDO USA, LLP1 year

Filed as: BDO

Service code 10 · EIN 13-5381590

Accounting

$8,150

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