Retirement plan

MIRACLE HOME HEALTH CARE, INC. RETIREMENT PLAN

Name: MIRACLE HOME HEALTH CARE, INC. - MIRACLE HOME HEALTH CARE, INC. RETIREMENT PLAN (2020) Form 5500
Creator: MIRACLE HOME HEALTH CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIRACLE HOME HEALTH CARE, INC. RETIREMENT PLAN, MIRACLE HOME HEALTH CARE, INC.

MIRACLE HOME HEALTH CARE, INC.EIN 20-5686595Plan #003PY 2020

5670 WILSHIRE BLVD. #1600 - LOS ANGELES, CA 90036323-782-3883LinkedIn1-10 employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$1.3M assets

Prospect flagsLow returnsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.3M

+15.2% from 2019

Total participants

135

+12.5% from 2019

Average account balance

$16,997

+2.4% from 2019

Annual return

8.79%

-7.65 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.94M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

130

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.

93.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$685K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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
PROFECTUS WEALTH MANAGEMENT1 year Filed as: PROFECTUS FINANCIAL MANAGEMENT Service code 26	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2A2E2G2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
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

3 tripped

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

$38K

$430 / participant

Contract admin$22K56.9%
Other / not subdivided$16K43.1%

% of EOY assets

1.668%

all-in expense ratio

Categories reported

1 / 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: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,997

$91,198-81.4%

$178,503-90.5%

$79,856-78.7%

Participation rate

100.0%

69.2%+30.8pp

81.9%+18.1pp

69.6%+30.4pp

Annual return

8.79%

24.20%-15.4pp

151.12%-142.3pp

31.71%-22.9pp

Employer contribution / active EE

$5,318

$3,257+63.3%

$5,011+6.1%

$2,471+115.2%

Participant deferral / active EE

$1,850

$3,237-42.8%

$5,202-64.4%

$3,741-50.5%

Admin fee / account holder

$283

$6,748-95.8%

$13,987-98.0%

$5,306-94.7%

Provider

Service type

Compensation

PROFECTUS WEALTH MANAGEMENT1 year

Filed as: PROFECTUS FINANCIAL MANAGEMENT

Service code 26

Advisory (Participants)

MIRACLE HOME HEALTH CARE, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIRACLE HOME HEALTH CARE, INC. RETIREMENT 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