Retirement plan

PROGRESSIVE QUALITY CARE, INC. 401(K) PLAN

Name: PROGRESSIVE QUALITY CARE, INC. - PROGRESSIVE QUALITY CARE, INC. 401(K) PLAN (2019) Form 5500
Creator: PROGRESSIVE QUALITY CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROGRESSIVE QUALITY CARE, INC. 401(K) PLAN, PROGRESSIVE QUALITY CARE, INC.

PROGRESSIVE QUALITY CARE, INC.EIN 31-1793765Plan #001PY 2019

5553 BROADVIEW ROAD - PARMA, OH 44134216-661-6800progressivequalitycare.comLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$510K assets

Prospect flagsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.9M

+29.6% from 2018

Total participants

609

-18.0% from 2018

Average account balance

$10,672

+23.7% from 2018

Annual return

22.23%

+23.93 pp from 2018

Benchmarks

See 252 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort252 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.16M

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.

171

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.

42.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$173K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+13.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$91

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 10 of 13 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC2 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$15,579
AB FUNDS2 years Filed as: AB HIGH INCOME Service code 28 · EIN 13-3191825	Investment Management	$0
AMERICAN FUNDS2 years Service code 28 · EIN 95-1411037	Investment Management	$0
DIMENSIONAL FUND ADVISORS2 years Filed as: DIMENSIONAL Service code 28 · EIN 95-4470812	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY Service code 28	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY SELECT TECHNOLOGY Service code 28 · EIN 04-2647786	Investment Management	$0
INVESCO2 years Filed as: INVESCO REAL Service code 28 · EIN 26-4521338	Investment Management	$0
JANUS HENDERSON2 years Filed as: JANUS GLOBAL Service code 28 · EIN 43-1804048	Investment Management	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN CORE PLUS BOND Service code 28 · EIN 13-2624428	Investment Management	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN FUNDS Service code 28	Investment Management	$0

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

3 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.
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

$16K

$29 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.829%

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: MALONEY & NOVOTNY
Auditor EIN: 340677006
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,672

$124,414-91.4%

$115,170-90.7%

$67,579-84.2%

Participation rate

18.1%

58.1%-39.9pp

75.9%-57.8pp

71.3%-53.1pp

Annual return

22.23%

29.40%-7.2pp

35.60%-13.4pp

378.56%-356.3pp

Employer contribution / active EE

$1,454-100.0%

$3,179-100.0%

$2,148-100.0%

Participant deferral / active EE

$344

$2,331-85.2%

$4,169-91.7%

$3,539-90.3%

Admin fee / account holder

$89

$361-75.5%

$7,089-98.8%

$142-37.8%

Provider

Service type

Compensation

T ROWE PRICE RPS INC2 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$15,579

AB FUNDS2 years

Filed as: AB HIGH INCOME

Service code 28 · EIN 13-3191825

Investment Management

AMERICAN FUNDS2 years

Service code 28 · EIN 95-1411037

Investment Management

DIMENSIONAL FUND ADVISORS2 years

Filed as: DIMENSIONAL

Service code 28 · EIN 95-4470812

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY

Service code 28

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY SELECT TECHNOLOGY

Service code 28 · EIN 04-2647786

Investment Management

INVESCO2 years

Filed as: INVESCO REAL

Service code 28 · EIN 26-4521338

Investment Management

JANUS HENDERSON2 years

Filed as: JANUS GLOBAL

Service code 28 · EIN 43-1804048

Investment Management

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN CORE PLUS BOND

Service code 28 · EIN 13-2624428

Investment Management

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN FUNDS

Service code 28

Investment Management

PROGRESSIVE QUALITY CARE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROGRESSIVE QUALITY CARE, 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