Retirement plan

THE PROMPTCARE COMPANIES, INC. 401(K) PLAN

Name: THE PROMPTCARE COMPANIES, INC. - THE PROMPTCARE COMPANIES, INC. 401(K) PLAN (2020) Form 5500
Creator: THE PROMPTCARE COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PROMPTCARE COMPANIES, INC. 401(K) PLAN, THE PROMPTCARE COMPANIES, INC.

THE PROMPTCARE COMPANIES, INC.EIN 22-2773861Plan #002PY 2020

41 SPRING STREET, SUITE 103 - NEW PROVIDENCE, NJ 07976732-692-2706

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$13.4M

+30.3% from 2019

Total participants

600

+10.3% from 2019

Average account balance

$43,092

-7.1% from 2019

Annual return

20.78%

-1.52 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$30.27M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

845

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.

85.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.75M

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

+14.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$215

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$40,128
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH Service code 17 · EIN 13-5674085	Pension Consulting	$35,075
THE MANDMARBLESTONE GROUP LLC3 years Service code 13 · EIN 20-4780677	Contract Administrator	$4,600

Plan features & details

Pension benefit codes2A2E2F2G2T3D3H

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$80K

$141 / participant

Contract admin$45K56.0%
Other / not subdivided$35K44.0%

% of EOY assets

0.597%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ROTENBERG MERIL SOLOMON, ET AL
Auditor EIN: 223203841
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,092

$52,293-17.6%

$178,490-75.9%

$73,409-41.3%

Participation rate

48.7%

65.3%-16.7pp

81.9%-33.3pp

72.2%-23.5pp

Annual return

20.78%

34.75%-14.0pp

151.07%-130.3pp

59.29%-38.5pp

Employer contribution / active EE

$1,735-100.0%

$5,011-100.0%

$2,234-100.0%

Participant deferral / active EE

$2,723

$2,332+16.8%

$5,202-47.6%

$3,805-28.4%

Admin fee / account holder

$257

$127+102.1%

$13,984-98.2%

$158+63.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$40,128

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH

Service code 17 · EIN 13-5674085

Pension Consulting

$35,075

THE MANDMARBLESTONE GROUP LLC3 years

Service code 13 · EIN 20-4780677

Contract Administrator

$4,600

THE PROMPTCARE COMPANIES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PROMPTCARE COMPANIES, INC. 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