Retirement plan

HEALTHCARE QUALITY STRATEGIES, INC. SALARY SAVINGS PLAN

Name: HEALTHCARE QUALITY STRATEGIES, INC. - HEALTHCARE QUALITY STRATEGIES, INC. SALARY SAVINGS PLAN (2016) Form 5500
Creator: HEALTHCARE QUALITY STRATEGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEALTHCARE QUALITY STRATEGIES, INC. SALARY SAVINGS PLAN, HEALTHCARE QUALITY STRATEGIES, INC.

HEALTHCARE QUALITY STRATEGIES, INC.EIN 22-2547756Plan #001PY 2016

557 CRANBURY ROAD, SUITE 21 - EAST BRUNSWICK, NJ 08816732-238-5570hqsi.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$7.7M

-9.0% from 2015

Total participants

-8.5% from 2015

Average account balance

$80,727

-10.0% from 2015

Annual return

3.79%

+3.29 pp from 2015

Benchmarks

See 24,581 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort24,581 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.76M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

81.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$248K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14825

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	$725
UBS FINANCIAL SERVICES INC2+ years Service code 61 · EIN 13-2638166	Finders' fees / placement fees	$0

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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$725

$15 / participant

Other / not subdivided$725100.0%

% of EOY assets

0.009%

all-in expense ratio

Categories reported

0 / 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: COHN REZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,727

$76,551+5.5%

$123,894-34.8%

$62,881+28.4%

Participation rate

95.8%

73.0%+22.9pp

81.4%+14.4pp

69.3%+26.5pp

Annual return

3.79%

18.68%-14.9pp

47.52%-43.7pp

20.14%-16.4pp

Employer contribution / active EE

$3,347

$2,882+16.1%

$4,617-27.5%

$2,281+46.7%

Participant deferral / active EE

$4,856

$4,840+0.3%

$5,984-18.9%

$3,203+51.6%

Admin fee / account holder

$4,826-99.8%

$8,357-99.9%

$4,296-99.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$725

UBS FINANCIAL SERVICES INC2+ years

Service code 61 · EIN 13-2638166

Finders' fees / placement fees

HEALTHCARE QUALITY STRATEGIES, INC. SALARY SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEALTHCARE QUALITY STRATEGIES, INC. SALARY SAVINGS 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