Retirement plan

US ACUTE CARE SOLUTIONS PROFIT SHARING/401(K) PLAN AND TRUST

Name: US ACUTE CARE SOLUTIONS - US ACUTE CARE SOLUTIONS PROFIT SHARING/401(K) PLAN AND TRUST (2023) Form 5500
Creator: US ACUTE CARE SOLUTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, US ACUTE CARE SOLUTIONS PROFIT SHARING/401(K) PLAN AND TRUST, US ACUTE CARE SOLUTIONS

US ACUTE CARE SOLUTIONSEIN 34-1807694Plan #001PY 2023

4535 DRESSLER RD NW - CANTON, OH 44718330-493-4443usacs.comLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$14.9M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$1613.1M

-10.6% from 2016

Total participants

9,858

-6.3% from 2016

Average account balance

$177,889

+0.1% from 2016

Annual return

21.95%

-8.89 pp from 2016

Benchmarks

See 224 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort224 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.94B

Not enough data

1 years with asset history on file

Average account balance

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

$199K

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.

9,720

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.

93.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$166.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+18.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$54

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 5 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$326,009
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$100,461
SAGEVIEW ADVISORY GROUP, LLC3 years Service code 27 · EIN 33-0818667	Advisory (Plan)	$54,167
MARCUM LLP1 year Service code 10 6685 BETA DRIVE · MAYFIELD VILLAGE, OH 11530	Accounting	$16,377
MEADEN & MOORE, LTD.1 year Filed as: MEADEN AND MOORE LTD Service code 10 · EIN 34-1818258	Accounting	$15,000

Plan features & details

Pension benefit codes2T3H2E2F2G3D2R2J

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$500K

$75 / participant

Recordkeeping$309K61.8%
Investment mgmt$155K30.9%
Contract admin$5K1.0%
Other / not subdivided$31K6.3%

% of EOY assets

0.031%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MEADEN AND MOORE LTD
Auditor EIN: 341818258
Audit fees: $31,377
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$177,889

$59,312+199.9%

$149,740+18.8%

$103,657+71.6%

Participation rate

88.1%

70.3%+17.9pp

78.8%+9.4pp

73.4%+14.8pp

Annual return

21.95%

78.03%-56.1pp

134.51%-112.6pp

33.13%-11.2pp

Employer contribution / active EE

$12,407

$2,187+467.4%

$4,821+157.3%

$3,216+285.8%

Participant deferral / active EE

$9,566

$3,719+157.2%

$5,683+68.3%

$5,218+83.3%

Admin fee / account holder

$55

$103-46.3%

$13,222-99.6%

$114-51.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$326,009

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$100,461

SAGEVIEW ADVISORY GROUP, LLC3 years

Service code 27 · EIN 33-0818667

Advisory (Plan)

$54,167

MARCUM LLP1 year

Service code 10

6685 BETA DRIVE · MAYFIELD VILLAGE, OH 11530

Accounting

$16,377

MEADEN & MOORE, LTD.1 year

Filed as: MEADEN AND MOORE LTD

Service code 10 · EIN 34-1818258

Accounting

$15,000

US ACUTE CARE SOLUTIONS PROFIT SHARING/401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

US ACUTE CARE SOLUTIONS PROFIT SHARING/401(K) PLAN AND TRUST

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