Retirement plan

ABILITY HOMECARE 401(K) PLAN

Name: ABILITY HOMECARE, INC. DBA ABILITY HOMECARE - ABILITY HOMECARE 401(K) PLAN (2024) Form 5500
Creator: ABILITY HOMECARE, INC. DBA ABILITY HOMECARE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABILITY HOMECARE 401(K) PLAN, ABILITY HOMECARE, INC. DBA ABILITY HOMECARE

ABILITY HOMECARE, INC. DBA ABILITY HOMECAREEIN 20-2752164Plan #001PY 2024

10609 IH-10 WEST, SUITE 105 - SAN ANTONIO, TX 78230210-344-5437

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$3.7M

+1.1% from 2023

Total participants

233

-1.3% from 2023

Average account balance

$23,208

+23.5% from 2023

Annual return

13.93%

-0.64 pp from 2023

Benchmarks

See 6,010 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,010 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.67M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

158

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.

67.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$321K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+13.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$249

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 1 by compensation

Provider	Service type	Compensation
VESTWELL2 years Service code 13 · EIN 81-3062212 360 MADISON AVE, 15TH FLOOR · NEW YORK, NY 10017	Contract Administrator	$30,394

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$39K

$169 / participant

Recordkeeping$18K45.5%
Investment mgmt$9K22.8%
Contract admin$12K31.7%

% of EOY assets

1.073%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ADKF, P.C.
Auditor EIN: 742606559
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,208

$55,423-58.1%

$155,602-85.1%

$74,400-68.8%

Participation rate

67.8%

61.9%+5.9pp

78.2%-10.4pp

67.2%+0.6pp

Annual return

13.93%

269.07%-255.1pp

64.81%-50.9pp

1367.51%-1353.6pp

Employer contribution / active EE

$2,266-100.0%

$4,675-100.0%

$2,624-100.0%

Participant deferral / active EE

$1,379

$2,835-51.4%

$5,629-75.5%

$4,348-68.3%

Admin fee / account holder

$249

$1,744-85.7%

$15,923-98.4%

$1,944-87.2%

Provider

Service type

Compensation

VESTWELL2 years

Service code 13 · EIN 81-3062212

360 MADISON AVE, 15TH FLOOR · NEW YORK, NY 10017

Contract Administrator

$30,394

ABILITY HOMECARE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABILITY HOMECARE 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