Retirement plan

TLC MANAGEMENT, INC. 401(K) PLAN

Name: TENDER LOVING CARE MANAGEMENT - TLC MANAGEMENT, INC. 401(K) PLAN (2020) Form 5500
Creator: TENDER LOVING CARE MANAGEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TLC MANAGEMENT, INC. 401(K) PLAN, TENDER LOVING CARE MANAGEMENT

TENDER LOVING CARE MANAGEMENTEIN 35-1765894Plan #001PY 2020

1800 NORTH WABASH AVE - MARION, IN 46952765-664-5400LinkedIn1001-5000 employeesmanagement consulting

Prospect flagsLow participationLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$12.5M

+19.2% from 2019

Total participants

1,931

-0.9% from 2019

Average account balance

$11,438

+20.3% from 2019

Annual return

13.22%

-7.74 pp from 2019

Benchmarks

See 305 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort305 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.97M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

1,598

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.

46.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.25M

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

+11.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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 3 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$74,473
EDWARD JONES6+ years Service code 15 · EIN 43-0345811	Recordkeeping	$35,768
ADP BROKER-DEALER6+ years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$110K

$66 / participant

Other / not subdivided$110K100.0%

% of EOY assets

0.883%

all-in expense ratio

Categories reported

0 / 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: REA LOGAN AND CO.,LLC
Auditor EIN: 261194602
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,438

$46,219-75.3%

$89,435-87.2%

$90,274-87.3%

Participation rate

49.5%

44.9%+4.6pp

68.0%-18.5pp

73.4%-23.8pp

Annual return

13.22%

25.71%-12.5pp

245.55%-232.3pp

53.97%-40.8pp

Employer contribution / active EE

$145

$953-84.8%

$2,587-94.4%

$2,523-94.2%

Participant deferral / active EE

$901

$2,136-57.8%

$3,890-76.8%

$4,231-78.7%

Admin fee / account holder

$101

$147-31.2%

$4,884-97.9%

$114-11.4%

Provider

Service type

Compensation

ADP BROKER-DEALER1 year

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$74,473

EDWARD JONES6+ years

Service code 15 · EIN 43-0345811

Recordkeeping

$35,768

ADP BROKER-DEALER6+ years

Service code 49 · EIN 22-3319984

Other Services

TLC MANAGEMENT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TLC MANAGEMENT, 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