Retirement plan

OAKS INTEGRATED CARE, INC. 403(B) SAVINGS PLAN

Name: OAKS INTEGRATED CARE, INC. - OAKS INTEGRATED CARE, INC. 403(B) SAVINGS PLAN (2020) Form 5500
Creator: OAKS INTEGRATED CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OAKS INTEGRATED CARE, INC. 403(B) SAVINGS PLAN, OAKS INTEGRATED CARE, INC.

OAKS INTEGRATED CARE, INC.EIN 23-7048397Plan #002PY 2020

770 WOODLANE RD, SUITE 63 - MOUNT HOLLY, NJ 080603803609-267-5928oaksintcare.orgLinkedIn1001-5000 employeesmental health care

Other plans on this EIN

1 filing

#001Retirement-$38.1M assets

Prospect flagsLow returnsCorrective distributions

Top hat statement on fileNQDC

Filed February 6, 2012 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$31.6M

+17.4% from 2019

Total participants

1,576

-19.3% from 2019

Average account balance

$21,024

+10.4% from 2019

Annual return

12.24%

-4.23 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

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$47.39M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

1,261

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.

67.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.65M

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

+7.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$48

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
LINCOLN NATIONAL CORPORATION6+ years Service code 13 · EIN 35-1140070	Contract Administrator	$27,992
INNOVATIVE INVESTMENT FIDUCIARIES3 years Service code 27 · EIN 45-3764090	Advisory (Plan)	$10,802
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 27 · EIN 61-1732930	Advisory (Plan)	$8,101

Plan features & details

Pension benefit codes2F2G2L2M2T2A3D3H

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).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

2 tripped

OpportunityLow returns
Annual investment return 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

$47K

$36 / participant

Investment mgmt$19K40.3%
Contract admin$28K59.7%

% of EOY assets

0.148%

all-in expense ratio

Categories reported

2 / 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: BOWMAN & COMPANY
Auditor EIN: 210658561
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,024

$56,095-62.5%

$178,490-88.2%

$90,288-76.7%

Participation rate

94.5%

65.6%+29.0pp

81.9%+12.6pp

73.4%+21.2pp

Annual return

12.24%

28.81%-16.6pp

151.07%-138.8pp

53.97%-41.7pp

Employer contribution / active EE

$2,937

$1,572+86.8%

$5,011-41.4%

$2,524+16.4%

Participant deferral / active EE

$763

$2,669-71.4%

$5,202-85.3%

$4,232-82.0%

Admin fee / account holder

$31

$101-69.0%

$13,984-99.8%

$114-72.7%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION6+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$27,992

INNOVATIVE INVESTMENT FIDUCIARIES3 years

Service code 27 · EIN 45-3764090

Advisory (Plan)

$10,802

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC

Service code 27 · EIN 61-1732930

Advisory (Plan)

$8,101

OAKS INTEGRATED CARE, INC. 403(B) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OAKS INTEGRATED CARE, INC. 403(B) SAVINGS PLAN

Top hat statement on fileNQDC

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