Retirement plan

ATRIA SENIOR LIVING, INC. 401(K) PLAN

Name: ATRIA SENIOR LIVING, INC. - ATRIA SENIOR LIVING, INC. 401(K) PLAN (2023) Form 5500
Creator: ATRIA SENIOR LIVING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATRIA SENIOR LIVING, INC. 401(K) PLAN, ATRIA SENIOR LIVING, INC.

ATRIA SENIOR LIVING, INC.EIN 27-4673765Plan #001PY 2023

300 EAST MARKET STREET, SUITE 100 - LOUISVILLE, KY 40202502-779-4700atriaseniorliving.comLinkedIn10001+ employeesreal estate

Prospect flagsLow returnsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$167.1M

+10.2% from 2022

Total participants

11,962

-2.9% from 2022

Average account balance

$31,120

+14.9% from 2022

Annual return

14.17%

-9.25 pp from 2022

Benchmarks

See 224 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort224 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$165.70M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

4,908

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.

33.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$94

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
TRANSAMERICA RETIREMENT SOLUTIONS6 years Service code 12 · EIN 13-3689044	Distribution (12b-1) fees; Participan...	$336,013
GLOBAL RETIREMENT PARTNERS LLC5 years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 27 · EIN 47-1411118	Advisory (Plan)	$24,363
MCM CPAS & ADVISORS LLP5 years Service code 10 · EIN 27-1235638	Accounting	$19,540
MID ATLANTIC CAPITAL CORPORATION6 years Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES6 years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

Plan features

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.
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

4 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$380K

$38 / participant

Recordkeeping$336K88.4%
Investment mgmt$24K6.4%
Salaries / allowances$20K5.1%

% of EOY assets

0.227%

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: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,120

$59,312-47.5%

$149,696-79.2%

$103,590-70.0%

Participation rate

33.4%

70.3%-36.9pp

78.8%-45.4pp

73.3%-40.0pp

Annual return

14.17%

78.03%-63.9pp

134.46%-120.3pp

33.13%-19.0pp

Employer contribution / active EE

$314

$2,187-85.6%

$4,821-93.5%

$3,213-90.2%

Participant deferral / active EE

$1,338

$3,719-64.0%

$5,682-76.4%

$5,214-74.3%

Admin fee / account holder

$71

$103-31.1%

$13,212-99.5%

$114-38.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6 years

Service code 12 · EIN 13-3689044

Distribution (12b-1) fees; Participan...

$336,013

GLOBAL RETIREMENT PARTNERS LLC5 years

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 27 · EIN 47-1411118

Advisory (Plan)

$24,363

MCM CPAS & ADVISORS LLP5 years

Service code 10 · EIN 27-1235638

Accounting

$19,540

MID ATLANTIC CAPITAL CORPORATION6 years

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES6 years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

ATRIA SENIOR LIVING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATRIA SENIOR LIVING, INC. 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