Retirement plan

EQUITAS HEALTH 401(K) PLAN AND PROFIT SHARING PLAN

Name: EQUITAS HEALTH - EQUITAS HEALTH 401(K) PLAN AND PROFIT SHARING PLAN (2020) Form 5500
Creator: EQUITAS HEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EQUITAS HEALTH 401(K) PLAN AND PROFIT SHARING PLAN, EQUITAS HEALTH

EQUITAS HEALTHEIN 31-1126780Plan #001PY 2020

1105 SCHROCK RD, STE 400 - COLUMBUS, OH 43229937-510-9230equitashealth.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed February 5, 2018

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Total assets (EOY)

$9.1M

+42.7% from 2019

Total participants

631

+17.3% from 2019

Average account balance

$17,815

+9.1% from 2019

Annual return

19.47%

-7.86 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.87M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

832

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.

78.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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
NATIONWIDE3 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 · EIN 31-1592130	Recordkeeping	$55,168
HUNTINGTON NATIONAL BANK1 year Service code 13 · EIN 31-0966785	Contract Administrator	$26,531
NEWPORT GROUP, INC.2 years Service code 27 · EIN 27-2037969	Advisory (Plan)	$12,515

Plan features & details

Pension benefit codes2E2F2G2J3D3H

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

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

$94K

$194 / participant

Contract admin$94K100.0%

% of EOY assets

1.039%

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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,815

$52,293-65.9%

$178,498-90.0%

$73,412-75.7%

Participation rate

74.8%

65.3%+9.5pp

81.9%-7.1pp

72.2%+2.7pp

Annual return

19.47%

34.75%-15.3pp

151.09%-131.6pp

59.30%-39.8pp

Employer contribution / active EE

$1,163

$1,735-33.0%

$5,011-76.8%

$2,234-47.9%

Participant deferral / active EE

$2,873

$2,332+23.2%

$5,202-44.8%

$3,806-24.5%

Admin fee / account holder

$185

$127+45.3%

$13,985-98.7%

$158+17.2%

Provider

Service type

Compensation

NATIONWIDE3 years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 15 · EIN 31-1592130

Recordkeeping

$55,168

HUNTINGTON NATIONAL BANK1 year

Service code 13 · EIN 31-0966785

Contract Administrator

$26,531

NEWPORT GROUP, INC.2 years

Service code 27 · EIN 27-2037969

Advisory (Plan)

$12,515

EQUITAS HEALTH 401(K) PLAN AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EQUITAS HEALTH 401(K) PLAN AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

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