Retirement plan

LAKEVIEW HEALTH HOLDINGS, INC 401K PLAN

Name: COMBINED RESOURCES, LLC - LAKEVIEW HEALTH HOLDINGS, INC 401K PLAN (2022) Form 5500
Creator: COMBINED RESOURCES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAKEVIEW HEALTH HOLDINGS, INC 401K PLAN, COMBINED RESOURCES, LLC

COMBINED RESOURCES, LLCEIN 20-3722852Plan #001PY 2022

642 SOUTH MILITARY TRAIL - DEERFIELD BEACH, FL 33442954-691-0850

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$6.1M

-14.9% from 2021

Total participants

353

-1.1% from 2021

Average account balance

$24,413

-19.3% from 2021

Annual return

-17.20%

-31.71 pp from 2021

Benchmarks

See 3,876 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,876 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.63M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

255

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.

45.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

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

+16.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22

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 2 by compensation

Provider	Service type	Compensation
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING HOLD CO, LLC Service code 99 · EIN 84-4519624	Other Fees	$12,212
VOYA RETIREMENT INSURANCE & ANNUITY3+ years Service code 15 · EIN 71-0294708	Recordkeeping	$4,400

Plan features & details

Pension benefit codes2E2F2G2J3H2T3D

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$4K

$18 / participant

Contract admin$4K100.0%

% of EOY assets

0.072%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LUTZ & COMPANY, P.C.
Auditor EIN: 470625816
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,413

$46,325-47.3%

$143,788-83.0%

$64,814-62.3%

Participation rate

59.2%

64.2%-5.0pp

80.3%-21.1pp

71.5%-12.3pp

Annual return

-17.20%

-10.05%-7.1pp

-0.03%-17.2pp

32.84%-50.0pp

Employer contribution / active EE

$597

$1,911-68.8%

$4,952-87.9%

$2,507-76.2%

Participant deferral / active EE

$2,930

$2,647+10.7%

$5,638-48.0%

$4,310-32.0%

Admin fee / account holder

$18

$154-88.6%

$14,675-99.9%

$188-90.7%

Provider

Service type

Compensation

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING HOLD CO, LLC

Service code 99 · EIN 84-4519624

Other Fees

$12,212

VOYA RETIREMENT INSURANCE & ANNUITY3+ years

Service code 15 · EIN 71-0294708

Recordkeeping

$4,400

LAKEVIEW HEALTH HOLDINGS, INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAKEVIEW HEALTH HOLDINGS, INC 401K 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