Retirement plan

REHABILITATION ASSOCIATES, INC. 401(K) PLAN

Name: REHABILITATION ASSOCIATES, INC. - REHABILITATION ASSOCIATES, INC. 401(K) PLAN (2023) Form 5500
Creator: REHABILITATION ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REHABILITATION ASSOCIATES, INC. 401(K) PLAN, REHABILITATION ASSOCIATES, INC.

REHABILITATION ASSOCIATES, INC.EIN 06-1109649Plan #001PY 2023

1931 BLACK ROCK TURNPIKE - FAIRFIELD, CT 06825203-384-8681rehabilitationassociatesinc.comLinkedIn201-500 employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$9.7M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$20.4M

+21.9% from 2022

Total participants

293

+1.7% from 2022

Average account balance

$103,964

+27.5% from 2022

Annual return

23.10%

+42.98 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.23M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

212

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.

64.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+20.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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 8 by compensation

Provider	Service type	Compensation
LPL FINANCIAL9+ years Filed as: LPL FINANCIAL CORPORATION Service code 49	Other Services	$31,710
WELLS THOMAS, LLC9+ years Filed as: WELLS THOMAS LLC Service code 13	Contract Administrator	$10,768
JOSEPHSON & JOSEPHSON CPA'S P.C.6 years Filed as: JOSEPHSON & JOSEPHSON, CPA'S P.C. Service code 10	Accounting	$9,500
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$1,803
WELLS THOMAS, LLC9+ years Filed as: WELLS THOMAS. LLC Service code 13 · EIN 26-0228640	Contract Administrator	$125
JOSEPHSON & JOSEPHSON CPA'S P.C.6 years Service code 10 · EIN 13-4092524	Accounting	$0
LPL FINANCIAL2 years Filed as: LPL FINANCIAL LLC Service code 49 · EIN 95-2834236	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED2 years Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$8 / participant

Contract admin$2K100.0%

% of EOY assets

0.009%

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: JOSEPHSON & JOSEPHSON, CPA'S P.C.
Auditor EIN: 134092524
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,964

$61,391+69.3%

$149,723-30.6%

$71,529+45.3%

Participation rate

60.6%

62.5%-1.9pp

78.8%-18.2pp

67.9%-7.4pp

Annual return

23.10%

35.88%-12.8pp

134.50%-111.4pp

28.97%-5.9pp

Employer contribution / active EE

$2,384-100.0%

$4,821-100.0%

$2,590-100.0%

Participant deferral / active EE

$3,675

$2,921+25.8%

$5,682-35.3%

$4,291-14.4%

Admin fee / account holder

$10

$1,264-99.2%

$13,215-99.9%

$1,588-99.4%

Provider

Service type

Compensation

LPL FINANCIAL9+ years

Filed as: LPL FINANCIAL CORPORATION

Service code 49

Other Services

$31,710

WELLS THOMAS, LLC9+ years

Filed as: WELLS THOMAS LLC

Service code 13

Contract Administrator

$10,768

JOSEPHSON & JOSEPHSON CPA'S P.C.6 years

Filed as: JOSEPHSON & JOSEPHSON, CPA'S P.C.

Service code 10

Accounting

$9,500

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$1,803

WELLS THOMAS, LLC9+ years

Filed as: WELLS THOMAS. LLC

Service code 13 · EIN 26-0228640

Contract Administrator

$125

JOSEPHSON & JOSEPHSON CPA'S P.C.6 years

Service code 10 · EIN 13-4092524

Accounting

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL LLC

Service code 49 · EIN 95-2834236

Other Services

WILSHIRE ASSOCIATES INCORPORATED2 years

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

REHABILITATION ASSOCIATES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REHABILITATION ASSOCIATES, INC. 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