Retirement plan

UH CLINICAL ASSOCIATES, LLC 401(K) RETIREMENT PLAN

Name: US ACUTE CARE SOLUTIONS - UH CLINICAL ASSOCIATES, LLC 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: US ACUTE CARE SOLUTIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UH CLINICAL ASSOCIATES, LLC 401(K) RETIREMENT PLAN, US ACUTE CARE SOLUTIONS

US ACUTE CARE SOLUTIONSEIN 34-1807694Plan #003PY 2023

4535 DRESSLER RD NW - CANTON, OH 44718833-447-8326usacs.comLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$1.61B assets

Prospect flagsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$14.9M

+23.9% from 2022

Total participants

174

+13.7% from 2022

Average account balance

$139,415

+22.7% from 2022

Annual return

18.92%

+106.91 pp from 2022

Benchmarks

See 5,719 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,719 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$21.17M

Not enough data

1 years with asset history on file

Average account balance

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

$172K

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.

123

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.

63.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+18.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35

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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Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.2+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$14,111
VIVALDI CAPITAL MANAGEMENT LP2+ years Service code 26 · EIN 45-3825664	Advisory (Participants)	$12,004
SAGE ADVISORY SERVICES1 year Filed as: SAGE ADVISORY GROUP Service code 28 · EIN 33-0818667	Investment Management	$7,500
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO., INC Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$147
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO INC AND AFFILIA Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$35K

$228 / participant

Recordkeeping$13K35.9%
Investment mgmt$23K64.1%

% of EOY assets

0.237%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MEADEN & MOORE, LTD.
Auditor EIN: 341818258
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$139,415

$61,272+127.5%

$149,673-6.9%

$71,457+95.1%

Participation rate

56.8%

62.5%-5.7pp

78.8%-22.0pp

67.9%-11.1pp

Annual return

18.92%

35.85%-16.9pp

134.42%-115.5pp

28.85%-9.9pp

Employer contribution / active EE

$3,853

$2,378+62.0%

$4,818-20.0%

$2,588+48.9%

Participant deferral / active EE

$10,803

$2,917+270.3%

$5,680+90.2%

$4,289+151.9%

Admin fee / account holder

$331

$1,261-73.8%

$13,210-97.5%

$1,587-79.1%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$14,111

VIVALDI CAPITAL MANAGEMENT LP2+ years

Service code 26 · EIN 45-3825664

Advisory (Participants)

$12,004

SAGE ADVISORY SERVICES1 year

Filed as: SAGE ADVISORY GROUP

Service code 28 · EIN 33-0818667

Investment Management

$7,500

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO., INC

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$147

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO INC AND AFFILIA

Service code 59

Shareholder Servicing

UH CLINICAL ASSOCIATES, LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UH CLINICAL ASSOCIATES, LLC 401(K) RETIREMENT 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