Retirement plan

CARE ONE MANAGEMENT 401(K) PLAN

Name: CARE ONE MANAGEMENT, LLC - CARE ONE MANAGEMENT 401(K) PLAN (2020) Form 5500
Creator: CARE ONE MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARE ONE MANAGEMENT 401(K) PLAN, CARE ONE MANAGEMENT, LLC

CARE ONE MANAGEMENT, LLCEIN 22-3563457Plan #001PY 2020

173 BRIDGE PLAZA NORTH, 6TH FLOOR - FORT LEE, NJ 07024201-242-4000care-one-cms.comLinkedIn1001-5000 employeesmedical practice

Other plans on this EIN

1 filing

#006Retirement-$101K assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$84.6M

+15.1% from 2019

Total participants

5,019

-16.1% from 2019

Average account balance

$21,898

+42.2% from 2019

Annual return

16.96%

-3.81 pp from 2019

Benchmarks

See 1,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,342 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$119.26M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

4,487

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.

94.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.65M

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

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$75

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 10 of 17 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 49 · EIN 04-1590850	Other Services	$287,852
MORGAN STANLEY SMITH BARNEY5 years Filed as: MORGAN STANLEY SMITH BARNEY, LLC Service code 27 · EIN 26-4310632	Advisory (Plan)	$63,886
ARTISAN PARTNERS4 years Filed as: ARTISAN Service code 52 · EIN 39-1811840	Indirect Investment Fees	$0
BLACKROCK4 years Service code 52 · EIN 13-3806694	Indirect Investment Fees	$0
COHEN & STEERS4 years Service code 52 · EIN 14-1904657	Indirect Investment Fees	$0
COLUMBIA4 years Service code 52 · EIN 41-1458705	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-6056833	Indirect Investment Fees	$0
GOLDMAN SACHS4 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
IVY FUNDS4 years Service code 52 · EIN 04-6006759	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3B3D3F3H2S

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$352K

$81 / participant

Investment mgmt$110K31.2%
Contract admin$242K68.8%
Other / not subdivided$3000.1%

% of EOY assets

0.416%

all-in expense ratio

Categories reported

2 / 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: PKF O'CONNOR DAVIES
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,898

$56,095-61.0%

$178,499-87.7%

$90,274-75.7%

Participation rate

73.5%

65.6%+8.0pp

81.9%-8.4pp

73.4%+0.2pp

Annual return

16.96%

28.81%-11.8pp

151.10%-134.1pp

53.97%-37.0pp

Employer contribution / active EE

$208

$1,572-86.8%

$5,011-95.9%

$2,523-91.8%

Participant deferral / active EE

$1,909

$2,669-28.5%

$5,202-63.3%

$4,231-54.9%

Admin fee / account holder

$91

$101-9.5%

$13,986-99.3%

$114-20.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 49 · EIN 04-1590850

Other Services

$287,852

MORGAN STANLEY SMITH BARNEY5 years

Filed as: MORGAN STANLEY SMITH BARNEY, LLC

Service code 27 · EIN 26-4310632

Advisory (Plan)

$63,886

ARTISAN PARTNERS4 years

Filed as: ARTISAN

Service code 52 · EIN 39-1811840

Indirect Investment Fees

BLACKROCK4 years

Service code 52 · EIN 13-3806694

Indirect Investment Fees

COHEN & STEERS4 years

Service code 52 · EIN 14-1904657

Indirect Investment Fees

COLUMBIA4 years

Service code 52 · EIN 41-1458705

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-6056833

Indirect Investment Fees

GOLDMAN SACHS4 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 93-6305075

Indirect Investment Fees

IVY FUNDS4 years

Service code 52 · EIN 04-6006759

Indirect Investment Fees

CARE ONE MANAGEMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARE ONE MANAGEMENT 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