Retirement plan

KNOWTION HEALTH 401(K) PLAN

Name: RSOURCE, LLC - KNOWTION HEALTH 401(K) PLAN (2022) Form 5500
Creator: RSOURCE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KNOWTION HEALTH 401(K) PLAN, RSOURCE, LLC

RSOURCE, LLCEIN 26-1268348Plan #002PY 2022

433 PLAZA REAL #255 - BOCA RATON, FL 33432561-245-4375

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$4.4M

-6.0% from 2021

Total participants

483

+17.8% from 2021

Average account balance

$9,196

-20.9% from 2021

Annual return

-15.07%

-28.58 pp from 2021

Benchmarks

See 426 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants250-999

Cohort426 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.93M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

381

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.

50.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+21.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$91

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES INC Service code 99 · EIN 04-2746212	Other Fees	$10,337
LEO MECHANICAL SERVICE INC1 year Filed as: LEO LEVY & ASSOCIATES Service code 49	Other Services	$535
VOYA RETIREMENT INSURANCE & ANNUITY1 year Service code 64	Recordkeeping Fees	$9
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INSURANCE ANNUITY Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$16K

$36 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.356%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JOHNSON OCONNOR FERON & CARUCCI LLP
Auditor EIN: 203985546
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,196

$47,898-80.8%

$117,529-92.2%

$64,824-85.8%

Participation rate

99.1%

61.9%+37.2pp

70.6%+28.5pp

71.5%+27.6pp

Annual return

-15.07%

-15.54%+0.5pp

29.77%-44.8pp

32.84%-47.9pp

Employer contribution / active EE

$1,774-100.0%

$4,179-100.0%

$2,507-100.0%

Participant deferral / active EE

$1,742

$3,151-44.7%

$4,072-57.2%

$4,311-59.6%

Admin fee / account holder

$33

$132-75.2%

$5,645-99.4%

$188-82.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES INC

Service code 99 · EIN 04-2746212

Other Fees

$10,337

LEO MECHANICAL SERVICE INC1 year

Filed as: LEO LEVY & ASSOCIATES

Service code 49

Other Services

$535

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Service code 64

Recordkeeping Fees

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INSURANCE ANNUITY

Service code 26 · EIN 71-0294708

Advisory (Participants)

KNOWTION HEALTH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KNOWTION HEALTH 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