Retirement plan

ACCENTCARE 401(K) RETIREMENT SAVINGS PLAN

Name: ACCENTCARE, INC. - ACCENTCARE 401(K) RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: ACCENTCARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACCENTCARE 401(K) RETIREMENT SAVINGS PLAN, ACCENTCARE, INC.

ACCENTCARE, INC.EIN 33-0848300Plan #001PY 2021

17855 N DALLAS PARKWAY - SUITE, TX 75287972-201-3800accentcare.comLinkedIn10001+ employeeshospital & health care

Prospect flagsLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed May 15, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$210.4M

-6.6% from 2016

Total participants

26,940

+1612.6% from 2016

Average account balance

$8,435

-95.4% from 2016

Annual return

16.68%

-6.41 pp from 2016

Benchmarks

See 230 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort230 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$355.15M

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

38,174

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.

91.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+26.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$48

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 6 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND7+ years Service code 13 · EIN 06-1050034	Contract Administrator	$1,330,066
LOCKTON INVESTMENT ADVISORS, LLC7+ years Service code 27 · EIN 20-8874282	Advisory (Plan)	$112,689
LOCKTON INVESTMENT ADVISORS, LLC1 year Filed as: LOCKTON-DUNNING SERIES Service code 14 · EIN 20-5846158	Plan Administrator	$36,000
WALTERS & SKLYAR LLP5 years Service code 10 · EIN 47-5677171	Accounting	$26,000
PRUDENTIAL RETIREMENT INSURANCE AND2 years Filed as: PRUDENTIAL INSURANCE COMPANY OF AME Service code 15	Recordkeeping	$0
PRUDENTIAL RETIREMENT INSURANCE AND7+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3H2S2T3D

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.
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

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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.
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

$1.5M

$67 / participant

Other / not subdivided$2M100.0%

% of EOY assets

0.722%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WALTERS & SKLYAR LLP
Auditor EIN: 475677171
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,435

$68,062-87.6%

$185,854-95.5%

$106,520-92.1%

Participation rate

91.2%

75.2%+15.9pp

81.7%+9.5pp

71.3%+19.8pp

Annual return

16.68%

18.20%-1.5pp

122.12%-105.4pp

19.28%-2.6pp

Employer contribution / active EE

$76

$1,997-96.2%

$5,169-98.5%

$2,840-97.3%

Participant deferral / active EE

$1,403

$3,990-64.8%

$5,569-74.8%

$4,948-71.6%

Admin fee / account holder

$61

$53+15.4%

$16,246-99.6%

$75-18.3%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND7+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$1,330,066

LOCKTON INVESTMENT ADVISORS, LLC7+ years

Service code 27 · EIN 20-8874282

Advisory (Plan)

$112,689

LOCKTON INVESTMENT ADVISORS, LLC1 year

Filed as: LOCKTON-DUNNING SERIES

Service code 14 · EIN 20-5846158

Plan Administrator

$36,000

WALTERS & SKLYAR LLP5 years

Service code 10 · EIN 47-5677171

Accounting

$26,000

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Filed as: PRUDENTIAL INSURANCE COMPANY OF AME

Service code 15

Recordkeeping

PRUDENTIAL RETIREMENT INSURANCE AND7+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

ACCENTCARE 401(K) RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACCENTCARE 401(K) RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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