Retirement plan

ENCOMPASS HOME HEALTH 401(K) SAVINGS PLAN

Name: ADVANCED HOMECARE MANAGEMENT, INC. DBA ENCOMPASS - ENCOMPASS HOME HEALTH 401(K) SAVINGS PLAN (2020) Form 5500
Creator: ADVANCED HOMECARE MANAGEMENT, INC. DBA ENCOMPASS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENCOMPASS HOME HEALTH 401(K) SAVINGS PLAN, ADVANCED HOMECARE MANAGEMENT, INC. DBA ENCOMPASS

ADVANCED HOMECARE MANAGEMENT, INC. DBA ENCOMPASSEIN 32-0125426Plan #001PY 2020

6688 NORTH CENTRAL EXPRESSWAY, SUITE 1300 - DALLAS, TX 75206214-239-6526

Other plans on this EIN

1 filing

#002Retirement-$36.5M assets

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$173.4M

-30.4% from 2016

Total participants

11,385

-9.2% from 2016

Average account balance

$30,094

-9.3% from 2016

Annual return

24.29%

-10.40 pp from 2016

Benchmarks

See 228 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort228 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$291.58M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

6,482

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.

42.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30.65M

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

+16.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-33

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 4 by compensation

Provider	Service type	Compensation
LOCKTON INVESTMENT ADVISORS, LLC3 years Filed as: LOCKTON FINANCIAL ADVISORS LLC Service code 27 · EIN 20-3247391	Advisory (Plan)	$35,000
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$31,262
LOCKTON INVESTMENT ADVISORS, LLC1 year Service code 10 · EIN 20-8874282	Accounting	$16,250
BAKER TILLY US, LLP6+ years Filed as: MONTGOMERY COSCIA GREILICH LLP Service code 10 · EIN 75-2919818	Accounting	$13,760

Plan features & details

Pension benefit codes2F2G2J2K2T3H3D

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$100K

$10 / participant

Investment mgmt$4K3.8%
Other / not subdivided$96K96.2%

% of EOY assets

0.058%

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: BAKER TILLY US LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,094

$66,513-54.8%

$178,510-83.1%

$106,273-71.7%

Participation rate

45.6%

73.8%-28.1pp

81.9%-36.3pp

70.8%-25.2pp

Annual return

24.29%

21.81%+2.5pp

151.13%-126.8pp

21.70%+2.6pp

Employer contribution / active EE

$191

$1,776-89.3%

$5,011-96.2%

$2,722-93.0%

Participant deferral / active EE

$2,523

$3,679-31.4%

$5,202-51.5%

$4,601-45.2%

Admin fee / account holder

$17

$53-67.5%

$13,988-99.9%

$78-77.8%

Provider

Service type

Compensation

LOCKTON INVESTMENT ADVISORS, LLC3 years

Filed as: LOCKTON FINANCIAL ADVISORS LLC

Service code 27 · EIN 20-3247391

Advisory (Plan)

$35,000

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$31,262

LOCKTON INVESTMENT ADVISORS, LLC1 year

Service code 10 · EIN 20-8874282

Accounting

$16,250

BAKER TILLY US, LLP6+ years

Filed as: MONTGOMERY COSCIA GREILICH LLP

Service code 10 · EIN 75-2919818

Accounting

$13,760

ENCOMPASS HOME HEALTH 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENCOMPASS HOME HEALTH 401(K) SAVINGS 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