Retirement plan

CIENA HEALTHCARE MANAGEMENT, INC. 401(K) PLAN

Name: CIENA HEALTHCARE MANAGEMENT, INC. - CIENA HEALTHCARE MANAGEMENT, INC. 401(K) PLAN (2018) Form 5500
Creator: CIENA HEALTHCARE MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CIENA HEALTHCARE MANAGEMENT, INC. 401(K) PLAN, CIENA HEALTHCARE MANAGEMENT, INC.

CIENA HEALTHCARE MANAGEMENT, INC.EIN 38-3439639Plan #001PY 2018

4000 TOWN CENTER, SUITE 2000 - SOUTHFIELD, MI 48075248-386-0300LinkedIn1-10 employeeshospital & health care

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$59.1M

+112.1% from 2017

Total participants

8,468

+107.5% from 2017

Average account balance

$19,608

+0.5% from 2017

Annual return

86.95%

+68.22 pp from 2017

Benchmarks

See 232 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort232 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$125.81M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

3,401

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.

12.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$872

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

+12.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$234

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 2 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1 year Service code 33 · EIN 95-2834236	Securities brokerage	$182,474
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Service code 13 · EIN 01-0233346 PO BOX 600 · BUFFALO, NY 142010600	Contract Administrator	$179,208

Plan features & details

Pension benefit codes2E2G2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$446K

$59 / participant

Contract admin$446K100.0%

% of EOY assets

0.754%

all-in expense ratio

Categories reported

1 / 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: BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,608

$44,007-55.4%

$154,108-87.3%

$68,904-71.5%

Participation rate

28.1%

70.0%-41.9pp

83.0%-54.9pp

74.1%-46.0pp

Annual return

86.95%

8.15%+78.8pp

735.21%-648.3pp

1.07%+85.9pp

Employer contribution / active EE

$574

$1,732-66.8%

$5,298-89.2%

$2,540-77.4%

Participant deferral / active EE

$991

$2,813-64.8%

$5,081-80.5%

$4,015-75.3%

Admin fee / account holder

$148

$65+128.4%

$13,411-98.9%

$71+107.5%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Service code 33 · EIN 95-2834236

Securities brokerage

$182,474

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 01-0233346

PO BOX 600 · BUFFALO, NY 142010600

Contract Administrator

$179,208

CIENA HEALTHCARE MANAGEMENT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CIENA HEALTHCARE 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