Retirement plan

GENERATIONS HEALTHCARE, LLC 401(K) PLAN

Name: LIFE GENERATIONS HEALTHCARE, LLC - GENERATIONS HEALTHCARE, LLC 401(K) PLAN (2017) Form 5500
Creator: LIFE GENERATIONS HEALTHCARE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERATIONS HEALTHCARE, LLC 401(K) PLAN, LIFE GENERATIONS HEALTHCARE, LLC

LIFE GENERATIONS HEALTHCARE, LLCEIN 33-0838455Plan #001PY 2017

6 HUTTON CENTRE DRIVE, SUITE 400 - SANTA ANA, CA 92707714-241-5600

Prospect flagsHigh feesLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$31.3M

+22.7% from 2016

Total participants

4,621

+138.1% from 2016

Average account balance

$31,643

+11.7% from 2016

Annual return

16.70%

+10.68 pp from 2016

Benchmarks

See 1,308 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,308 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$64.88M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

1,755

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.

27.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.66M

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

+15.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$199

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: PUTNAM INVESTMENTS Service code 15 ONE POST OFFICE SQUARE · BOSTON, MA 02109	Recordkeeping	$243,579
CENTAURUS FINANCIAL INC1 year Filed as: CENTAURUS FINANCIAL INC. Service code 55	Other Commissions	$90,032
FIDUCIARY CONSULTING GROUP1 year Service code 99 1832 WARD DR STE 101 · MURFEESBORO, TN 37129	Other Fees	$47,224
NATIONAL BENEFIT SERVICES, LLC1 year Filed as: NATIONAL BENEFIT SERVICES Service code 13 8523 SOUTH REDWOOD ROAD · WEST JORDAN, UT 84088	Contract Administrator	$31,696
LATTIMORE BLACK MORGAN AND CAIN1 year Service code 10 5250 VIRGINIA WAY · BRENTWOOD, TN 370241869	Accounting	$9,400
CENTAURUS FINANCIAL INC1 year Service code 55 2300 E KATELLA AVE STE 200 · ANAHEIM, CA 92806	Other Commissions	$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

5 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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$308K

$69 / participant

Contract admin$308K100.0%

% of EOY assets

0.985%

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: WRIGHT FORD YOUNG & CO
Auditor EIN: 953288054
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,643

$44,989-29.7%

$170,435-81.4%

$77,958-59.4%

Participation rate

18.2%

64.6%-46.4pp

83.6%-65.4pp

71.6%-53.4pp

Annual return

16.70%

19.61%-2.9pp

205.94%-189.2pp

20.87%-4.2pp

Employer contribution / active EE

$49

$1,466-96.6%

$5,432-99.1%

$2,310-97.9%

Participant deferral / active EE

$542

$2,208-75.4%

$4,939-89.0%

$3,537-84.7%

Admin fee / account holder

$312

$69+351.7%

$13,881-97.8%

$97+219.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: PUTNAM INVESTMENTS

Service code 15

ONE POST OFFICE SQUARE · BOSTON, MA 02109

Recordkeeping

$243,579

CENTAURUS FINANCIAL INC1 year

Filed as: CENTAURUS FINANCIAL INC.

Service code 55

Other Commissions

$90,032

FIDUCIARY CONSULTING GROUP1 year

Service code 99

1832 WARD DR STE 101 · MURFEESBORO, TN 37129

Other Fees

$47,224

NATIONAL BENEFIT SERVICES, LLC1 year

Filed as: NATIONAL BENEFIT SERVICES

Service code 13

8523 SOUTH REDWOOD ROAD · WEST JORDAN, UT 84088

Contract Administrator

$31,696

LATTIMORE BLACK MORGAN AND CAIN1 year

Service code 10

5250 VIRGINIA WAY · BRENTWOOD, TN 370241869

Accounting

$9,400

CENTAURUS FINANCIAL INC1 year

Service code 55

2300 E KATELLA AVE STE 200 · ANAHEIM, CA 92806

Other Commissions

GENERATIONS HEALTHCARE, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERATIONS HEALTHCARE, LLC 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