Retirement plan

AGELESS LIVING HOME HEALTH, LLC 401(K) PROFIT SHARING PLAN

Name: AGELESS LIVING HOME HEALTH, LLC - AGELESS LIVING HOME HEALTH, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: AGELESS LIVING HOME HEALTH, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AGELESS LIVING HOME HEALTH, LLC 401(K) PROFIT SHARING PLAN, AGELESS LIVING HOME HEALTH, LLC

AGELESS LIVING HOME HEALTH, LLCEIN 27-3020920Plan #002PY 2024

1112 E. COPELAND RD, SUITE 300 - ARLINGTON, TX 76011817-505-2575agelesslivinghh.comLinkedIn201-500 employeeshospital & health care

Prospect flagsHigh feesLow participationLow assets / participantLow participant contributionLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.3M

+39.0% from 2023

Total participants

871

+11.4% from 2023

Average account balance

$10,804

+54.3% from 2023

Annual return

15.48%

-7.85 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.27M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

118

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.

11.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$362K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$426

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

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$420

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 5 by compensation

Provider	Service type	Compensation
PIERCE FIRM, PLLC1 year Filed as: PIERCE FIRM PLLC Service code 10 2241 GREEN ACRES RD. · FAYETTEVILLE, AR 72703	Accounting	$31,500
DEFINITI LLC3 years Service code 13 · EIN 85-0833363	Contract Administrator	$12,380
MERRILL LYNCH PIERCE FENNER & SMITH3 years Service code 27 1400 AMERICAN BLVD BLDG 4 · PENNINGTON PLACE, NJ 08534	Advisory (Plan)	$3,889
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$911
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE CO. OF AM Service code 64 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$834

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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).
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

$50K

$58 / participant

Recordkeeping$2K3.5%
Investment mgmt$4K7.9%
Contract admin$12K25.0%
Other / not subdivided$32K63.6%

% of EOY assets

3.884%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PIERCE FIRM, PLLC
Auditor EIN: 474595624
Audit fees: $31,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,804

$50,919-78.8%

$155,556-93.1%

$77,762-86.1%

Participation rate

11.5%

63.1%-51.6pp

78.2%-66.7pp

70.6%-59.1pp

Annual return

15.48%

34.84%-19.4pp

64.84%-49.4pp

31.27%-15.8pp

Employer contribution / active EE

$1,991-100.0%

$4,675-100.0%

$2,728-100.0%

Participant deferral / active EE

$426

$2,824-84.9%

$5,631-92.4%

$4,651-90.9%

Admin fee / account holder

$420

$437-3.9%

$15,885-97.4%

$433-3.1%

Provider

Service type

Compensation

PIERCE FIRM, PLLC1 year

Filed as: PIERCE FIRM PLLC

Service code 10

2241 GREEN ACRES RD. · FAYETTEVILLE, AR 72703

Accounting

$31,500

DEFINITI LLC3 years

Service code 13 · EIN 85-0833363

Contract Administrator

$12,380

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Service code 27

1400 AMERICAN BLVD BLDG 4 · PENNINGTON PLACE, NJ 08534

Advisory (Plan)

$3,889

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$911

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE CO. OF AM

Service code 64

8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$834

AGELESS LIVING HOME HEALTH, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AGELESS LIVING HOME HEALTH, 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