Retirement plan

OPTIMAL HOME CARE, INC. 401(K) PLAN

Name: OPTIMAL HOME CARE, INC. - OPTIMAL HOME CARE, INC. 401(K) PLAN (2019) Form 5500
Creator: OPTIMAL HOME CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPTIMAL HOME CARE, INC. 401(K) PLAN, OPTIMAL HOME CARE, INC.

OPTIMAL HOME CARE, INC.EIN 20-1676501Plan #001PY 2019

4380 S SYRACUSE ST STE 600 - DENVER, CO 802372691303-488-9999optimalhomecare.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow assets / participantLow employer contributionLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$2.1M

+42.4% from 2018

Total participants

250

-3.8% from 2018

Average account balance

$11,397

+61.5% from 2018

Annual return

24.98%

+30.10 pp from 2018

Benchmarks

See 5,341 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,341 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.35M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

282

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.

91.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$821K

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

+21.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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 10 of 19 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$29,854
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN BEACON FUNDS Service code 28 · EIN 75-2401150	Investment Management	$0
COHEN & STEERS1 year Filed as: COHEN & STEERS FUNDS Service code 28 · EIN 14-1904657	Investment Management	$0
DIMENSIONAL FUND ADVISORS1 year Filed as: DIMENSIONAL FUNDS Service code 28 · EIN 95-4470812	Investment Management	$0
JANUS HENDERSON1 year Filed as: JANUS FUNDS Service code 28 · EIN 43-1804048	Investment Management	$0
LEGG MASON1 year Service code 28 · EIN 52-1200960	Investment Management	$0
MFS INVESTMENT MANAGEMENT1 year Filed as: MFS Service code 28 · EIN 04-2747644	Investment Management	$0
MFS INVESTMENT MANAGEMENT1 year Filed as: MFS FUNDS Service code 28	Investment Management	$0
PIMCO FUNDS1 year Filed as: PIMCO Service code 28	Investment Management	$0
PIMCO FUNDS1 year Service code 28 · EIN 33-0629048	Investment Management	$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

5 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$30K

$129 / participant

Other / not subdivided$30K100.0%

% of EOY assets

1.408%

all-in expense ratio

Categories reported

0 / 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: WATSON COON RYAN, LLC
Auditor EIN: 823543701
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,397

$52,967-78.5%

$172,753-93.4%

$65,186-82.5%

Participation rate

72.3%

66.2%+6.1pp

82.6%-10.4pp

70.2%+2.1pp

Annual return

24.98%

30.12%-5.1pp

803.00%-778.0pp

29.39%-4.4pp

Employer contribution / active EE

$226

$2,190-89.7%

$5,144-95.6%

$2,177-89.6%

Participant deferral / active EE

$1,974

$2,471-20.1%

$5,198-62.0%

$3,514-43.8%

Admin fee / account holder

$161

$472-66.0%

$13,956-98.8%

$847-81.1%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$29,854

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN BEACON FUNDS

Service code 28 · EIN 75-2401150

Investment Management

COHEN & STEERS1 year

Filed as: COHEN & STEERS FUNDS

Service code 28 · EIN 14-1904657

Investment Management

DIMENSIONAL FUND ADVISORS1 year

Filed as: DIMENSIONAL FUNDS

Service code 28 · EIN 95-4470812

Investment Management

JANUS HENDERSON1 year

Filed as: JANUS FUNDS

Service code 28 · EIN 43-1804048

Investment Management

LEGG MASON1 year

Service code 28 · EIN 52-1200960

Investment Management

MFS INVESTMENT MANAGEMENT1 year

Filed as: MFS

Service code 28 · EIN 04-2747644

Investment Management

MFS INVESTMENT MANAGEMENT1 year

Filed as: MFS FUNDS

Service code 28

Investment Management

PIMCO FUNDS1 year

Filed as: PIMCO

Service code 28

Investment Management

PIMCO FUNDS1 year

Service code 28 · EIN 33-0629048

Investment Management

OPTIMAL HOME CARE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPTIMAL HOME CARE, 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