Retirement plan

UNITY HEALTHCARE 401(K) PROFIT SHARING PLAN

Name: UNITY HEALTHCARE, LLC - UNITY HEALTHCARE 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: UNITY HEALTHCARE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITY HEALTHCARE 401(K) PROFIT SHARING PLAN, UNITY HEALTHCARE, LLC

UNITY HEALTHCARE, LLCEIN 35-1948578Plan #001PY 2017

1250 S. CREASY LANE, SUITE A - LAFAYETTE, IN 479054960765-446-5086unityhc.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$89.6M

+15.8% from 2016

Total participants

604

0.0% from 2016

Average account balance

$151,682

+15.1% from 2016

Annual return

14.76%

+6.83 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$96.81M

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.

486

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$890

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 10 of 13 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.2 years Service code 12 · EIN 27-2037969	Sub-transfer agency fees; Claims proc...	$54,271
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131	Custodial (securities); Trustee (bank...	$51,940
WALLINGTON ASSET MANAGEMENT3+ years Service code 27 · EIN 31-1221237	Advisory (Plan)	$51,627
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB INVESTMENT MGMT Service code 27 · EIN 94-3106735	Advisory (Plan)	$44,529
THE BANK OF NEW YORK MELLON3+ years Filed as: PERSHING Service code 27 7677 PARAGON RD, STE C · CENTERVILLE, OH 45459	Advisory (Plan)	$31,756
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Filed as: MERRILL LYNCH Service code 27 510 EAST 96TH STREET, STE 500 · INDIANAPOLIS, IN 46240	Advisory (Plan)	$29,471
MORGAN STANLEY SMITH BARNEY3+ years Service code 27 415 COLUMBIA ST · LAFAYETTE, IN 47902	Advisory (Plan)	$22,716
LPL FINANCIAL3+ years Service code 27 250 E. 96TH ST. #200 · INDIANAPOLIS, IN 46240	Advisory (Plan)	$20,022
RBC WEALTH MANAGEMENT1 year Service code 27 672 MAIN STREET · LAFAYETTE, IN 47906	Advisory (Plan)	$11,922
WILLIAM BLAIR3+ years Filed as: WILLIAM BLAIR AND CO Service code 27 222 WEST ADAMS STREET · CHICAGO, IL 60606	Advisory (Plan)	$11,011

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$288K

$571 / participant

Investment mgmt$266K92.4%
Contract admin$22K7.6%

% of EOY assets

0.321%

all-in expense ratio

Categories reported

2 / 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: RUBINBROWN, LLP
Auditor EIN: 430765316
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$151,682

$46,173+228.5%

$170,439-11.0%

$69,631+117.8%

Participation rate

97.4%

63.9%+33.5pp

83.6%+13.8pp

70.7%+26.7pp

Annual return

14.76%

21.62%-6.9pp

205.94%-191.2pp

27571.02%-27556.3pp

Employer contribution / active EE

$7,714

$1,610+379.2%

$5,433+42.0%

$2,032+279.6%

Participant deferral / active EE

$4,744

$2,080+128.0%

$4,939-4.0%

$3,224+47.2%

Admin fee / account holder

$488

$116+320.4%

$13,881-96.5%

$110+341.5%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Service code 12 · EIN 27-2037969

Sub-transfer agency fees; Claims proc...

$54,271

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 12 · EIN 27-4411131

Custodial (securities); Trustee (bank...

$51,940

WALLINGTON ASSET MANAGEMENT3+ years

Service code 27 · EIN 31-1221237

Advisory (Plan)

$51,627

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB INVESTMENT MGMT

Service code 27 · EIN 94-3106735

Advisory (Plan)

$44,529

THE BANK OF NEW YORK MELLON3+ years

Filed as: PERSHING

Service code 27

7677 PARAGON RD, STE C · CENTERVILLE, OH 45459

Advisory (Plan)

$31,756

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Filed as: MERRILL LYNCH

Service code 27

510 EAST 96TH STREET, STE 500 · INDIANAPOLIS, IN 46240

Advisory (Plan)

$29,471

MORGAN STANLEY SMITH BARNEY3+ years

Service code 27

415 COLUMBIA ST · LAFAYETTE, IN 47902

Advisory (Plan)

$22,716

LPL FINANCIAL3+ years

Service code 27

250 E. 96TH ST. #200 · INDIANAPOLIS, IN 46240

Advisory (Plan)

$20,022

RBC WEALTH MANAGEMENT1 year

Service code 27

672 MAIN STREET · LAFAYETTE, IN 47906

Advisory (Plan)

$11,922

WILLIAM BLAIR3+ years

Filed as: WILLIAM BLAIR AND CO

Service code 27

222 WEST ADAMS STREET · CHICAGO, IL 60606

Advisory (Plan)

$11,011

UNITY HEALTHCARE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITY HEALTHCARE 401(K) PROFIT SHARING 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