Retirement plan

PRIME HEALTHCARE SERVICES, INC. 401(K) PLAN

Name: PRIME HEALTHCARE SERVICES, INC. - PRIME HEALTHCARE SERVICES, INC. 401(K) PLAN (2018) Form 5500
Creator: PRIME HEALTHCARE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRIME HEALTHCARE SERVICES, INC. 401(K) PLAN, PRIME HEALTHCARE SERVICES, INC.

PRIME HEALTHCARE SERVICES, INC.EIN 33-0943449Plan #001PY 2018

3300 E. GUASTI RD 3RD FLOOR - ONTARIO, CA 91761909-235-4400LinkedIn11-50 employeesmedical practice

Prospect flagsLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$878.5M

-22.6% from 2016

Total participants

43,050

-20.7% from 2016

Average account balance

$20,406

-4.5% from 2016

Annual return

-5.04%

-6.77 pp from 2016

Benchmarks

See 1,060 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,060 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.76B

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

41,055

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.

84.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$162.91M

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

+14.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27

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 SOLUTIONS4+ years Service code 12 · EIN 13-3689044	Participant communication; Finders' f...	$1,283,162
CAP FINANCIAL PARTNERS, LLC4+ years Filed as: CAP TRUST FINANCIAL ADVISORS Service code 16 · EIN 26-0058143	Consulting	$220,062
CHARLES SCHWAB & CO., INC.4+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$13,880
NATIONAL FINANCIAL SERVICES4+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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

3 tripped

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

$48 / participant

Investment mgmt$220K14.6%
Other / not subdivided$1M85.4%

% of EOY assets

0.171%

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: MOSS ADAMS
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,406

$73,367-72.2%

$106,387-80.8%

$73,367-72.2%

Participation rate

100.0%

69.5%+30.5pp

77.5%+22.5pp

69.5%+30.5pp

Annual return

-5.04%

173.45%-178.5pp

0.25%-5.3pp

173.45%-178.5pp

Employer contribution / active EE

$711

$2,499-71.5%

$3,520-79.8%

$2,499-71.5%

Participant deferral / active EE

$3,860

$4,033-4.3%

$5,421-28.8%

$4,033-4.3%

Admin fee / account holder

$35

$68-48.9%

$7,510-99.5%

$68-48.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Service code 12 · EIN 13-3689044

Participant communication; Finders' f...

$1,283,162

CAP FINANCIAL PARTNERS, LLC4+ years

Filed as: CAP TRUST FINANCIAL ADVISORS

Service code 16 · EIN 26-0058143

Consulting

$220,062

CHARLES SCHWAB & CO., INC.4+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$13,880

NATIONAL FINANCIAL SERVICES4+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

PRIME HEALTHCARE SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRIME HEALTHCARE SERVICES, 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