Retirement plan

THE TORRANCE HEALTH ASSOCIATION INC 401(A) PLAN

Name: TORRANCE HEALTH ASSOCIATION - THE TORRANCE HEALTH ASSOCIATION INC 401(A) PLAN (2019) Form 5500
Creator: TORRANCE HEALTH ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE TORRANCE HEALTH ASSOCIATION INC 401(A) PLAN, TORRANCE HEALTH ASSOCIATION

TORRANCE HEALTH ASSOCIATIONEIN 33-0073515Plan #002PY 2019

3330 LOMITA BOULEVARD - TORRANCE, CA 905055073310-517-4792torrancedentalassociates.comLinkedIn11-50 employeesmedical practice

Other plans on this EIN

2 filings

#001Retirement-$429.6M assets #005Retirement-$280.4M assets

Prospect flagsLow participationLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$20.4M

-33.7% from 2016

Total participants

4,930

-19.8% from 2016

Average account balance

$8,028

-11.1% from 2016

Annual return

18.75%

-4.23 pp from 2016

Benchmarks

See 1,326 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,326 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$115.18M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

5,139

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.

78.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.92M

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

+9.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35

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 1 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION2 years Service code 13 · EIN 35-0472300	Contract Administrator	$47,462

Plan features & details

Pension benefit codes2A2E2F2G2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.

Opportunity flags

3 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$47K

$11 / participant

Contract admin$47K100.0%

% of EOY assets

0.232%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ERNST & YOUNG LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,028

$47,456-83.1%

$172,757-95.4%

$77,775-89.7%

Participation rate

46.1%

66.3%-20.1pp

82.6%-36.5pp

73.2%-27.1pp

Annual return

18.75%

35.57%-16.8pp

803.06%-784.3pp

32.58%-13.8pp

Employer contribution / active EE

$1,059

$1,574-32.7%

$5,144-79.4%

$2,504-57.7%

Participant deferral / active EE

$2,560-100.0%

$5,198-100.0%

$3,966-100.0%

Admin fee / account holder

$19

$81-76.9%

$13,956-99.9%

$100-81.4%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION2 years

Service code 13 · EIN 35-0472300

Contract Administrator

$47,462

THE TORRANCE HEALTH ASSOCIATION INC 401(A) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE TORRANCE HEALTH ASSOCIATION INC 401(A) 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