Retirement plan

ATLANTIC DIALYSIS 401(K) PLAN, AFFILIATED AND RELATED COMPANIES

Name: ATLANTIC DIALYSIS MANAGEMENT SERVICE LLC - ATLANTIC DIALYSIS 401(K) PLAN, AFFILIATED AND RELATED COMPANIES (2021) Form 5500
Creator: ATLANTIC DIALYSIS MANAGEMENT SERVICE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATLANTIC DIALYSIS 401(K) PLAN, AFFILIATED AND RELATED COMPANIES, ATLANTIC DIALYSIS MANAGEMENT SERVICE LLC

ATLANTIC DIALYSIS MANAGEMENT SERVICE LLCEIN 11-3393361Plan #002PY 2021

23-14 COLLEGE POINT BLVD. - COLLEGE POINT, NY 11356718-483-7454atlanticdialysis.comLinkedIn201-500 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$22.6M

+13.9% from 2020

Total participants

554

-10.8% from 2020

Average account balance

$51,151

+44.1% from 2020

Annual return

11.89%

+2.53 pp from 2020

Benchmarks

See 3,799 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,799 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.38M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

548

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.

92.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$213

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
PRINCIPAL LIFE INSURANCE COMPANY5 years Service code 13 · EIN 42-0127290	Contract Administrator	$95,973
PENSIONS PLUS, INC.2 years Filed as: UB PENSIONS Service code 13 · EIN 36-4517541	Contract Administrator	$59,284
MORGAN STANLEY SMITH BARNEY2 years Filed as: J.P. MORGAN SECURITIES LLC Service code 27 · EIN 13-4110995	Advisory (Plan)	$50,523

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$137K

$310 / participant

Investment mgmt$51K37.0%
Contract admin$86K63.0%

% of EOY assets

0.604%

all-in expense ratio

Categories reported

2 / 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: WAGNER,FERBER,FINE & ACKERMAN,PLL
Auditor EIN: 113061778
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,151

$56,540-9.5%

$185,849-72.5%

$86,821-41.1%

Participation rate

74.6%

65.5%+9.1pp

81.7%-7.1pp

72.3%+2.3pp

Annual return

11.89%

118.20%-106.3pp

122.10%-110.2pp

97.94%-86.0pp

Employer contribution / active EE

$1,537

$1,844-16.7%

$5,169-70.3%

$2,406-36.1%

Participant deferral / active EE

$5,293

$2,555+107.2%

$5,569-4.9%

$4,132+28.1%

Admin fee / account holder

$309

$150+106.6%

$16,244-98.1%

$170+82.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5 years

Service code 13 · EIN 42-0127290

Contract Administrator

$95,973

PENSIONS PLUS, INC.2 years

Filed as: UB PENSIONS

Service code 13 · EIN 36-4517541

Contract Administrator

$59,284

MORGAN STANLEY SMITH BARNEY2 years

Filed as: J.P. MORGAN SECURITIES LLC

Service code 27 · EIN 13-4110995

Advisory (Plan)

$50,523

ATLANTIC DIALYSIS 401(K) PLAN, AFFILIATED AND RELATED COMPANIES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATLANTIC DIALYSIS 401(K) PLAN, AFFILIATED AND RELATED COMPANIES

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