Retirement plan

PROFESSIONAL HEALTH CARE NETWORK 401(K) PLAN

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

PROFESSIONAL HEALTH CARE NETWORKEIN 27-0935640Plan #001PY 2022

7600 N. 16TH ST. 140 - PHOENIX, AZ 85020602-395-5125

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$1.1M

+53.1% from 2021

Total participants

209

+34.8% from 2021

Average account balance

$5,891

+2.1% from 2021

Annual return

4.88%

-36.91 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.04M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

210

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.

92.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

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

+14.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$293

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 1 by compensation

Provider	Service type	Compensation
PCS RETIREMENT, LLC1 year Filed as: PCS RETIREMENT LLC Service code 13 · EIN 23-3038464	Contract Administrator	$9,004

Plan features & details

Pension benefit codes2E2J2F2G3D3H

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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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

$11K

$63 / participant

Investment mgmt$2K21.3%
Contract admin$9K78.7%

% of EOY assets

1.062%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BLACKMAN & SLOOP, CPAS, P.A.
Auditor EIN: 561304727
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,891

$65,125-91.0%

$143,797-95.9%

$66,949-91.2%

Participation rate

85.8%

65.2%+20.6pp

80.3%+5.5pp

69.8%+16.0pp

Annual return

4.88%

-11.13%+16.0pp

-0.04%+4.9pp

1.57%+3.3pp

Employer contribution / active EE

$1,026

$2,362-56.6%

$4,952-79.3%

$2,545-59.7%

Participant deferral / active EE

$2,578

$2,920-11.7%

$5,638-54.3%

$4,239-39.2%

Admin fee / account holder

$63

$503-87.6%

$14,679-99.6%

$594-89.5%

Provider

Service type

Compensation

PCS RETIREMENT, LLC1 year

Filed as: PCS RETIREMENT LLC

Service code 13 · EIN 23-3038464

Contract Administrator

$9,004

PROFESSIONAL HEALTH CARE NETWORK 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFESSIONAL HEALTH CARE NETWORK 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