Retirement plan

ALIGNED MODERN HEALTH 401(K) PLAN

Name: DAMEN 4 MANAGEMENT OF ILLINOIS, LLC - ALIGNED MODERN HEALTH 401(K) PLAN (2022) Form 5500
Creator: DAMEN 4 MANAGEMENT OF ILLINOIS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALIGNED MODERN HEALTH 401(K) PLAN, DAMEN 4 MANAGEMENT OF ILLINOIS, LLC

DAMEN 4 MANAGEMENT OF ILLINOIS, LLCEIN 27-3715602Plan #001PY 2022

4555 N LINCOLN AVE - CHICAGO, IL 60625773-273-6734

Prospect flagsLow returnsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$1.6M

+2.9% from 2021

Total participants

294

+9.3% from 2021

Average account balance

$6,778

-4.8% from 2021

Annual return

-20.02%

-41.07 pp from 2021

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.71M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

138

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.

53.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$595K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+14.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC4 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$1,340
AMERICAN FUNDS3 years Service code 28 · EIN 95-1411037	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
THE HARTFORD4 years Filed as: HARTFORD MUTUAL FUNDS Service code 28 · EIN 13-3317783	Investment Management	$0
JP MORGAN INVESTMENT MANAGEMENT INC3 years Filed as: IVY INVESTMENTS Service code 28 PO BOX 219722 · KANSAS CITY, MA 64121	Investment Management	$0
LORD ABBETT4 years Service code 28 · EIN 13-3731507	Investment Management	$0
MFS INVESTMENT MANAGEMENT3 years Filed as: MFS FUNDS Service code 28 · EIN 04-2747644	Investment Management	$0
T ROWE PRICE RPS INC4 years Filed as: T ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0
THE VANGUARD GROUP, INC.4 years Filed as: VANGUARD GROUP Service code 28 · EIN 23-1945930	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return 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

$1K

$8 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.082%

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: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,778

$65,083-89.6%

$143,788-95.3%

$66,930-89.9%

Participation rate

68.2%

65.2%+3.0pp

80.3%-12.1pp

69.8%-1.6pp

Annual return

-20.02%

-11.13%-8.9pp

-0.03%-20.0pp

1.57%-21.6pp

Employer contribution / active EE

$2,361-100.0%

$4,952-100.0%

$2,545-100.0%

Participant deferral / active EE

$2,847

$2,920-2.5%

$5,638-49.5%

$4,238-32.8%

Admin fee / account holder

$502-98.9%

$14,675-100.0%

$593-99.1%

Provider

Service type

Compensation

T ROWE PRICE RPS INC4 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$1,340

AMERICAN FUNDS3 years

Service code 28 · EIN 95-1411037

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

THE HARTFORD4 years

Filed as: HARTFORD MUTUAL FUNDS

Service code 28 · EIN 13-3317783

Investment Management

JP MORGAN INVESTMENT MANAGEMENT INC3 years

Filed as: IVY INVESTMENTS

Service code 28

PO BOX 219722 · KANSAS CITY, MA 64121

Investment Management

LORD ABBETT4 years

Service code 28 · EIN 13-3731507

Investment Management

MFS INVESTMENT MANAGEMENT3 years

Filed as: MFS FUNDS

Service code 28 · EIN 04-2747644

Investment Management

T ROWE PRICE RPS INC4 years

Filed as: T ROWE PRICE RPS, INC

Service code 15

Recordkeeping

THE VANGUARD GROUP, INC.4 years

Filed as: VANGUARD GROUP

Service code 28 · EIN 23-1945930

Investment Management

ALIGNED MODERN HEALTH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALIGNED MODERN 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