Retirement plan

LLOYD GANTON RETIREMENT CENTERS, INC. 401(K) PLAN

Name: GANTON RETIREMENT CENTERS, INC. - LLOYD GANTON RETIREMENT CENTERS, INC. 401(K) PLAN (2022) Form 5500
Creator: GANTON RETIREMENT CENTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LLOYD GANTON RETIREMENT CENTERS, INC. 401(K) PLAN, GANTON RETIREMENT CENTERS, INC.

GANTON RETIREMENT CENTERS, INC.EIN 38-2723762Plan #002PY 2022

7925 SPRING ARBOR RD. - SPRING ARBOR, MI 49283517-750-0500LinkedIn11-50 employeeshospital & health care

Prospect flagsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$678K

+1.6% from 2021

Total participants

177

-9.2% from 2021

Average account balance

$9,819

-4.3% from 2021

Annual return

-15.51%

-22.92 pp from 2021

Benchmarks

See 5,354 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,354 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$834K

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.

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.

26.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$101K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$629

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

+11.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2143

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

0 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$7,279
REHMANN ROBSON5 years Filed as: REHMANN CAPITAL ADVISORY GROUP Service code 49 4086 LEGACY PKWY · LANSING, MI 48911	Other Services	$4,829
REHMANN ROBSON7+ years Filed as: REHMANN FINANCIAL GROUP Service code 37 2330 E PARIS AVE SE · GRAND RAPIDS, MI 49546	Loan Processing	$1,535

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D3H

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.
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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$13K

$83 / participant

Investment mgmt$5K35.9%
Contract admin$7K54.2%
Other / not subdivided$1K9.9%

% of EOY assets

1.983%

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: FENNER, MELSTROM & DOOLING, PLC
Auditor EIN: 381402622
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,819

$65,061-84.9%

$143,757-93.2%

$66,914-85.3%

Participation rate

32.9%

65.2%-32.3pp

80.3%-47.4pp

69.8%-36.9pp

Annual return

-15.51%

-11.14%-4.4pp

-0.04%-15.5pp

1.58%-17.1pp

Employer contribution / active EE

$2,361-100.0%

$4,951-100.0%

$2,544-100.0%

Participant deferral / active EE

$829

$2,919-71.6%

$5,637-85.3%

$4,237-80.4%

Admin fee / account holder

$195

$502-61.2%

$14,673-98.7%

$593-67.2%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$7,279

REHMANN ROBSON5 years

Filed as: REHMANN CAPITAL ADVISORY GROUP

Service code 49

4086 LEGACY PKWY · LANSING, MI 48911

Other Services

$4,829

REHMANN ROBSON7+ years

Filed as: REHMANN FINANCIAL GROUP

Service code 37

2330 E PARIS AVE SE · GRAND RAPIDS, MI 49546

Loan Processing

$1,535

LLOYD GANTON RETIREMENT CENTERS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LLOYD GANTON RETIREMENT CENTERS, 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