Retirement plan

PROSPECT MEDICAL HOLDINGS, INC. 401(K) PLAN

Name: PROSPECT MEDICAL HOLDINGS, INC. - PROSPECT MEDICAL HOLDINGS, INC. 401(K) PLAN (2016) Form 5500
Creator: PROSPECT MEDICAL HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROSPECT MEDICAL HOLDINGS, INC. 401(K) PLAN, PROSPECT MEDICAL HOLDINGS, INC.

PROSPECT MEDICAL HOLDINGS, INC.EIN 33-0564370Plan #001PY 2016

3415 SOUTH SEPULVEDA BOULEVARD, 9TH FLOOR - LOS ANGELES, CA 90034310-943-4500LinkedIn10001+ employeeshospital & health care

Prospect flagsLow assets / participantLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$83.1M

-13.0% from 2016

Total participants

6,551

-25.1% from 2016

Average account balance

$13,127

+14.5% from 2016

Annual return

8.60%

-8.96 pp from 2016

Benchmarks

See 236 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort236 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$551.58M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

11,542

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.

80.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$53.11M

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

+11.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$122

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Direct payment from the plan; Partici...	$327,750
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPTRUST PARTNERS, LLC Service code 16 · EIN 26-0058143	Consulting	$71,663
HOLTHOUSE CARLIN & VAN TRIGT LLP1 year Filed as: HOLTHOUSE CARLIN & VAN TRIGT, LLP Service code 10 · EIN 95-4345526	Accounting	$13,797
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 employer contribution
Employer 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$413K

$77 / participant

Investment mgmt$72K17.3%
Other / not subdivided$342K82.7%

% of EOY assets

0.497%

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: HOLTHOUSE CARLIN & VAN TRIGT, LLP
Auditor EIN: 954345526
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,127

$43,110-69.5%

$156,551-91.6%

$65,292-79.9%

Participation rate

95.9%

69.3%+26.6pp

84.0%+11.9pp

72.4%+23.5pp

Annual return

8.60%

11.24%-2.6pp

32.23%-23.6pp

11.84%-3.2pp

Employer contribution / active EE

$44

$1,702-97.4%

$5,501-99.2%

$2,302-98.1%

Participant deferral / active EE

$2,866

$2,520+13.7%

$4,871-41.2%

$3,579-19.9%

Admin fee / account holder

$65

$47+38.1%

$13,028-99.5%

$57+13.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Direct payment from the plan; Partici...

$327,750

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPTRUST PARTNERS, LLC

Service code 16 · EIN 26-0058143

Consulting

$71,663

HOLTHOUSE CARLIN & VAN TRIGT LLP1 year

Filed as: HOLTHOUSE CARLIN & VAN TRIGT, LLP

Service code 10 · EIN 95-4345526

Accounting

$13,797

NATIONAL FINANCIAL SERVICES2+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

PROSPECT MEDICAL HOLDINGS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROSPECT MEDICAL HOLDINGS, 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