Retirement plan

STAYWELL HEALTH CENTER 401(K) PLAN

Name: STAYWELL HEALTH CARE, INC, D/B/A - STAYWELL HEALTH CENTER 401(K) PLAN (2023) Form 5500
Creator: STAYWELL HEALTH CARE, INC, D/B/A
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STAYWELL HEALTH CENTER 401(K) PLAN, STAYWELL HEALTH CARE, INC, D/B/A

STAYWELL HEALTH CARE, INC, D/B/AEIN 22-3160873Plan #003PY 2023

80 PHOENIX AVENUE SUITE 201 - WATERBURY, CT 06702203-756-8021

Other plans on this EIN

1 filing

#001Retirement-$471K assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed December 31, 2018 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

80 Phoenix Avenue, Suite 201

Waterbury State: CT Zip Code: 06702

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Plans declared (2)

StayWell Health Care 457(b) Plan1 emp
StayWell Health Care 457(f) Plan1 emp

Total covered: 2 employees

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Total assets (EOY)

$17.8M

+23.3% from 2022

Total participants

312

+2.6% from 2022

Average account balance

$58,680

+19.6% from 2022

Annual return

14.97%

+29.18 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.77M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

307

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$296

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
ADP BROKER-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$40,522
MERRILL LYNCH PIERCE FENNER & SMITH4 years Service code 15 · EIN 13-5674085	Recordkeeping	$31,466
ADP BROKER-DEALER8+ years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$72K

$320 / participant

Investment mgmt$41K56.3%
Other / not subdivided$31K43.7%

% of EOY assets

0.405%

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: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,680

$61,391-4.4%

$149,723-60.8%

$71,529-18.0%

Participation rate

96.0%

62.5%+33.5pp

78.8%+17.2pp

67.9%+28.1pp

Annual return

14.97%

35.88%-20.9pp

134.50%-119.5pp

28.97%-14.0pp

Employer contribution / active EE

$7,089

$2,384+197.4%

$4,821+47.0%

$2,590+173.7%

Participant deferral / active EE

$4,589

$2,921+57.1%

$5,682-19.2%

$4,291+6.9%

Admin fee / account holder

$238

$1,264-81.2%

$13,215-98.2%

$1,588-85.0%

Provider

Service type

Compensation

ADP BROKER-DEALER4 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$40,522

MERRILL LYNCH PIERCE FENNER & SMITH4 years

Service code 15 · EIN 13-5674085

Recordkeeping

$31,466

ADP BROKER-DEALER8+ years

Service code 49 · EIN 22-3319984

Other Services

STAYWELL HEALTH CENTER 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STAYWELL HEALTH CENTER 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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