Retirement plan

ONEPEAK MEDICAL 401(K) PLAN

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

NISHA JACKSON, INC.EIN 20-0686677Plan #001PY 2023

5731 MERCEDES AVE - DALLAS, TX 75206541-275-6655

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$3.1M

+78.8% from 2022

Total participants

173

+10.9% from 2022

Average account balance

$31,638

+95.2% from 2022

Annual return

32.98%

+32.98 pp from 2022

Benchmarks

See 5,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,710 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.01M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

112

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.

56.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+19.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7004

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

0 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
PCS RETIREMENT, LLC2+ years Filed as: PCS RETIREMENT LLC Service code 13 · EIN 23-3038464	Contract Administrator	$18,235
FIDELIS CYBERSECURITY, INC.2+ years Filed as: FIDELIS IM Service code 27 3551 E BARNETT RD STE 107 · MEDFORD, OR 97504	Advisory (Plan)	$10,651

Plan features & details

Pension benefit codes2A2E2J2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$29K

$193 / participant

Investment mgmt$11K36.9%
Contract admin$18K63.1%

% of EOY assets

0.932%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PERKINS & COMPANY, P.C.
Auditor EIN: 930928924
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,638

$61,338-48.4%

$149,717-78.9%

$71,495-55.7%

Participation rate

50.0%

62.5%-12.5pp

78.8%-28.8pp

67.9%-17.9pp

Annual return

32.98%

35.86%-2.9pp

134.41%-101.4pp

28.85%+4.1pp

Employer contribution / active EE

$2,076

$2,381-12.8%

$4,820-56.9%

$2,589-19.8%

Participant deferral / active EE

$4,236

$2,919+45.1%

$5,682-25.4%

$4,291-1.3%

Admin fee / account holder

$295

$1,263-76.7%

$13,213-97.8%

$1,588-81.4%

Provider

Service type

Compensation

PCS RETIREMENT, LLC2+ years

Filed as: PCS RETIREMENT LLC

Service code 13 · EIN 23-3038464

Contract Administrator

$18,235

FIDELIS CYBERSECURITY, INC.2+ years

Filed as: FIDELIS IM

Service code 27

3551 E BARNETT RD STE 107 · MEDFORD, OR 97504

Advisory (Plan)

$10,651

ONEPEAK MEDICAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ONEPEAK MEDICAL 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