Retirement plan

OPTIMAL HOME CARE, INC. 401(K) PLAN

Name: OPTIMAL HOME CARE, INC. - OPTIMAL HOME CARE, INC. 401(K) PLAN (2022) 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 2022

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

Prospect flagsLow returnsLow employer contributionLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.9M

-16.1% from 2021

Total participants

242

+7.1% from 2021

Average account balance

$14,026

-23.8% from 2021

Annual return

-18.14%

-32.77 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

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Service providers

Top 10 of 15 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC4 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$31,462
COHEN & STEERS4 years Filed as: COHEN & STEERS FUNDS Service code 28 · EIN 14-1904657	Investment Management	$0
DIMENSIONAL FUND ADVISORS4 years Filed as: DIMENSIONAL FUNDS Service code 28 · EIN 95-4470812	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
JANUS HENDERSON4 years Filed as: JANUS FUNDS Service code 28 · EIN 43-1804048	Investment Management	$0
MORGAN STANLEY SMITH BARNEY3 years Filed as: JP MORGAN FUNDS Service code 28 · EIN 13-2624428	Investment Management	$0
LEGG MASON4 years Service code 28 · EIN 52-1200960	Investment Management	$0
MFS INVESTMENT MANAGEMENT4 years Filed as: MFS Service code 28 · EIN 04-2747644	Investment Management	$0
PIMCO FUNDS4 years Service code 28 · EIN 33-0629048	Investment Management	$0
PRUDENTIAL RETIREMENT INSURANCE AND4 years Filed as: PRUDENTIAL JENNISON Service code 28 · EIN 22-3703799	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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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).

Expense breakdown

Schedule H Part II

Admin total

$31K

$162 / participant

Other / not subdivided$31K100.0%

% of EOY assets

1.078%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WATSON COON RYAN, LLC
Auditor EIN: 823543701
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,026

$65,125-78.5%

$143,797-90.2%

$66,949-79.0%

Participation rate

82.5%

65.2%+17.3pp

80.3%+2.2pp

69.8%+12.7pp

Annual return

-18.14%

-11.13%-7.0pp

-0.04%-18.1pp

1.57%-19.7pp

Employer contribution / active EE

$335

$2,362-85.8%

$4,952-93.2%

$2,545-86.9%

Participant deferral / active EE

$2,978

$2,920+2.0%

$5,638-47.2%

$4,239-29.7%

Admin fee / account holder

$151

$503-69.9%

$14,679-99.0%

$594-74.5%

Provider

Service type

Compensation

T ROWE PRICE RPS INC4 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$31,462

COHEN & STEERS4 years

Filed as: COHEN & STEERS FUNDS

Service code 28 · EIN 14-1904657

Investment Management

DIMENSIONAL FUND ADVISORS4 years

Filed as: DIMENSIONAL FUNDS

Service code 28 · EIN 95-4470812

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

JANUS HENDERSON4 years

Filed as: JANUS FUNDS

Service code 28 · EIN 43-1804048

Investment Management

MORGAN STANLEY SMITH BARNEY3 years

Filed as: JP MORGAN FUNDS

Service code 28 · EIN 13-2624428

Investment Management

LEGG MASON4 years

Service code 28 · EIN 52-1200960

Investment Management

MFS INVESTMENT MANAGEMENT4 years

Filed as: MFS

Service code 28 · EIN 04-2747644

Investment Management

PIMCO FUNDS4 years

Service code 28 · EIN 33-0629048

Investment Management

PRUDENTIAL RETIREMENT INSURANCE AND4 years

Filed as: PRUDENTIAL JENNISON

Service code 28 · EIN 22-3703799

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