Retirement plan

PREFERRED HEALTHCARE REGISTRY, INC. 401(K) PLAN

Name: PREFERRED HEALTHCARE REGISTRY, INC. - PREFERRED HEALTHCARE REGISTRY, INC. 401(K) PLAN (2020) Form 5500
Creator: PREFERRED HEALTHCARE REGISTRY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREFERRED HEALTHCARE REGISTRY, INC. 401(K) PLAN, PREFERRED HEALTHCARE REGISTRY, INC.

PREFERRED HEALTHCARE REGISTRY, INC.EIN 33-0588440Plan #001PY 2020

4909 MURPHY CANYON ROAD, SUITE 310 - SAN DIEGO, CA 92123858-505-0939preferredregisty.comLinkedIn11-50 employeesstaffing and recruiting

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$3M

-1.8% from 2019

Total participants

262

-22.9% from 2019

Average account balance

$24,030

-9.8% from 2019

Annual return

12.74%

-7.10 pp from 2019

Benchmarks

See 1,065 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,065 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.39M

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.

191

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.

33.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$642K

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

+12.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$203

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
LPL FINANCIAL1 year Filed as: LPL FINANCIAL CORPORATION Service code 26 P.O. BOX 509026 · SAN DIEGO, CA 921509026	Advisory (Participants)	$7,610
LINCOLN NATIONAL CORPORATION1 year Filed as: LINCOLN FINANCIAL ADVISOR Service code 26 200 EAST BERRY STREET · FORT WAYNE, IN 46802	Advisory (Participants)	$2,918
SAN DIEGO PENSION CONSULTANTS6+ years Service code 13 5628 COPLEY DRIVE · SAN DIEGO, CA 92111	Contract Administrator	$2,178
JOHN HANCOCK LIFE INSURANCE COMPANY6+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO USA Service code 15 · EIN 01-0233346	Recordkeeping	$409

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$37K

$204 / participant

Investment mgmt$27K72.9%
Contract admin$8402.3%
Other / not subdivided$9K24.8%

% of EOY assets

1.261%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEKUBECKA, PLLC
Auditor EIN: 752783674
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,030

$43,133-44.3%

$89,414-73.1%

$73,493-67.3%

Participation rate

24.0%

55.0%-30.9pp

68.0%-43.9pp

70.7%-46.6pp

Annual return

12.74%

135.66%-122.9pp

245.50%-232.8pp

28.51%-15.8pp

Employer contribution / active EE

$171

$1,438-88.1%

$2,586-93.4%

$2,270-92.4%

Participant deferral / active EE

$1,250

$2,445-48.9%

$3,890-67.9%

$3,740-66.6%

Admin fee / account holder

$303

$444-31.7%

$4,883-93.8%

$513-41.0%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL CORPORATION

Service code 26

P.O. BOX 509026 · SAN DIEGO, CA 921509026

Advisory (Participants)

$7,610

LINCOLN NATIONAL CORPORATION1 year

Filed as: LINCOLN FINANCIAL ADVISOR

Service code 26

200 EAST BERRY STREET · FORT WAYNE, IN 46802

Advisory (Participants)

$2,918

SAN DIEGO PENSION CONSULTANTS6+ years

Service code 13

5628 COPLEY DRIVE · SAN DIEGO, CA 92111

Contract Administrator

$2,178

JOHN HANCOCK LIFE INSURANCE COMPANY6+ years

Filed as: JOHN HANCOCK LIFE INSURANCE CO USA

Service code 15 · EIN 01-0233346

Recordkeeping

$409

PREFERRED HEALTHCARE REGISTRY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREFERRED HEALTHCARE REGISTRY, 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