Retirement plan

INDEPENDENCE REHAB, LLC 401(K) PROFIT SHARING PLAN

Name: INDEPENDENCE REHAB, LLC - INDEPENDENCE REHAB, LLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: INDEPENDENCE REHAB, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDEPENDENCE REHAB, LLC 401(K) PROFIT SHARING PLAN, INDEPENDENCE REHAB, LLC

INDEPENDENCE REHAB, LLCEIN 27-1845798Plan #001PY 2023

5314 N RIVER RUN DRIVE, STE 140 - PROVO, UT 84604801-426-4905indrehab.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.8M

+34.8% from 2022

Total participants

1,460

-11.7% from 2022

Average account balance

$15,117

+35.7% from 2022

Annual return

16.83%

+34.18 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.69M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

1,293

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.

78.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.86M

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$211

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY5 years Service code 13 · EIN 42-0127290	Contract Administrator	$161,013
ASCENSUS LLC1 year Filed as: DWC ERISA CONSULTANTS LLC Service code 13 · EIN 26-2091417	Contract Administrator	$68,503
AMERIPRISE FINANCIAL SERVICES INC9+ years Service code 49 · EIN 41-0973005	Other Services	$31,661

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$208K

$176 / participant

Contract admin$208K100.0%

% of EOY assets

1.109%

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: VALENTINE CPA, PC
Auditor EIN: 841384179
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,117

$50,151-69.9%

$149,696-89.9%

$80,157-81.1%

Participation rate

81.5%

64.3%+17.2pp

78.8%+2.7pp

72.9%+8.5pp

Annual return

16.83%

29.80%-13.0pp

134.46%-117.6pp

40.39%-23.6pp

Employer contribution / active EE

$1,198

$1,867-35.8%

$4,821-75.1%

$2,977-59.8%

Participant deferral / active EE

$2,535

$3,194-20.6%

$5,682-55.4%

$5,015-49.5%

Admin fee / account holder

$168

$153+9.8%

$13,212-98.7%

$145+15.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY5 years

Service code 13 · EIN 42-0127290

Contract Administrator

$161,013

ASCENSUS LLC1 year

Filed as: DWC ERISA CONSULTANTS LLC

Service code 13 · EIN 26-2091417

Contract Administrator

$68,503

AMERIPRISE FINANCIAL SERVICES INC9+ years

Service code 49 · EIN 41-0973005

Other Services

$31,661

INDEPENDENCE REHAB, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDEPENDENCE REHAB, LLC 401(K) PROFIT SHARING 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