Retirement plan

PROVIDENT HOME HEALTHCARE, LLC 401(K) PLAN PLAN

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

PROVIDENT HOME HEALTHCARE, LLCEIN 27-0832417Plan #001PY 2022

2817 ANTHONY LANE S., SUITE 301 - ST. ANTHONY, MN 55418612-238-4688providenthhc.comLinkedIn51-200 employeesmedical practice

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.5M

-11.0% from 2021

Total participants

260

+3.2% from 2021

Average account balance

$21,047

-12.4% from 2021

Annual return

-17.73%

-28.53 pp from 2021

Benchmarks

See 5,349 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,349 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.51M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

114

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.

44.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$262K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+8.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2148

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
NATIONWIDE7 years Service code 15 ONE NATIONWIDE PLAZA · COLUBMUS, OH 43215	Recordkeeping	$26,427
LPL FINANCIAL6 years Filed as: LPL FINANCIAL LLC Service code 26 ATTN- COMMISSSIONS DEPT · SAN DIEGO, CA 92121	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2J2K2T3D2G2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$3K

$16 / participant

Contract admin$3K100.0%

% of EOY assets

0.127%

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: BOYUM BARENSCHEER PLLP
Auditor EIN: 416192096
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,047

$65,092-67.7%

$143,799-85.4%

$66,938-68.6%

Participation rate

32.0%

65.2%-33.2pp

80.3%-48.3pp

69.8%-37.8pp

Annual return

-17.73%

-11.14%-6.6pp

-0.04%-17.7pp

1.58%-19.3pp

Employer contribution / active EE

$551

$2,362-76.7%

$4,952-88.9%

$2,545-78.3%

Participant deferral / active EE

$1,363

$2,920-53.3%

$5,638-75.8%

$4,238-67.8%

Admin fee / account holder

$27

$502-94.7%

$14,677-99.8%

$594-95.5%

Provider

Service type

Compensation

NATIONWIDE7 years

Service code 15

ONE NATIONWIDE PLAZA · COLUBMUS, OH 43215

Recordkeeping

$26,427

LPL FINANCIAL6 years

Filed as: LPL FINANCIAL LLC

Service code 26

ATTN- COMMISSSIONS DEPT · SAN DIEGO, CA 92121

Advisory (Participants)

PROVIDENT HOME HEALTHCARE, LLC 401(K) PLAN PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROVIDENT HOME HEALTHCARE, LLC 401(K) PLAN 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