Retirement plan

ALTA CARE GROUP, INC. 401(K) PLAN

Name: ALTA CARE GROUP, INC. - ALTA CARE GROUP, INC. 401(K) PLAN (2023) Form 5500
Creator: ALTA CARE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALTA CARE GROUP, INC. 401(K) PLAN, ALTA CARE GROUP, INC.

ALTA CARE GROUP, INC.EIN 34-1205791Plan #003PY 2023

7620 MARKET STREET, SUITE 2 - YOUNGSTOWN, OH 44512330-793-2487altacaregroup.orgLinkedIn51-200 employeesmental health care

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed December 31, 2022

Plan administrator

Plan administrator name— Sign in and upgrade to view

7620 Market St. Suite 2

Youngstown, OH 44512

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Plans declared (1)

457-f1 emp

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Total assets (EOY)

$5.7M

+18.4% from 2022

Total participants

233

+20.1% from 2022

Average account balance

$26,297

+3.6% from 2022

Annual return

16.02%

+28.59 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.53M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

224

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$675K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12

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 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY7 years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$1,125

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$2K

$14 / participant

Recordkeeping$1K46.4%
Contract admin$1K53.6%

% of EOY assets

0.043%

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: PACKER THOMAS
Auditor EIN: 341667340
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,297

$61,356-57.1%

$149,696-82.4%

$71,511-63.2%

Participation rate

90.5%

62.5%+28.0pp

78.8%+11.7pp

67.9%+22.6pp

Annual return

16.02%

35.86%-19.8pp

134.46%-118.4pp

28.86%-12.8pp

Employer contribution / active EE

$1,772

$2,382-25.6%

$4,821-63.2%

$2,589-31.6%

Participant deferral / active EE

$1,428

$2,920-51.1%

$5,682-74.9%

$4,291-66.7%

Admin fee / account holder

$11

$1,263-99.1%

$13,212-99.9%

$1,588-99.3%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY7 years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$1,125

ALTA CARE GROUP, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALTA CARE GROUP, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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