Retirement plan

LIFECARE PSYCHOLOGY GROUP, LLC 401(K) PLAN

Name: LIFECARE PSYCHOLOGY GROUP, LLC - LIFECARE PSYCHOLOGY GROUP, LLC 401(K) PLAN (2022) Form 5500
Creator: LIFECARE PSYCHOLOGY GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIFECARE PSYCHOLOGY GROUP, LLC 401(K) PLAN, LIFECARE PSYCHOLOGY GROUP, LLC

LIFECARE PSYCHOLOGY GROUP, LLCEIN 20-2102403Plan #001PY 2022

549 W, EVANS STREET - FLORENCE, SC 29501843-667-4949lifecaregroup.orgLinkedIn1-10 employeesmental health care

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$273K

+14.1% from 2021

Total participants

+9.1% from 2021

Average account balance

$45,423

+14.1% from 2021

Annual return

-20.12%

-36.30 pp from 2021

Benchmarks

See 105,986 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,986 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$711K

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.

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.

60.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$96K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+17.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1525

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,423

$167,323-72.9%

$143,770-68.4%

$134,493-66.2%

Participation rate

50.0%

84.8%-34.8pp

80.3%-30.3pp

81.2%-31.2pp

Annual return

-20.12%

0.47%-20.6pp

-0.04%-20.1pp

418.01%-438.1pp

Employer contribution / active EE

$2,197

$5,619-60.9%

$4,951-55.6%

$4,740-53.6%

Participant deferral / active EE

$4,620

$6,446-28.3%

$5,638-18.0%

$6,400-27.8%

Admin fee / account holder

$18,088-100.0%

$14,673-100.0%

$11,425-100.0%

LIFECARE PSYCHOLOGY GROUP, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

LIFECARE PSYCHOLOGY GROUP, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion