Retirement plan

EMPLOYEE BENEFIT PLAN OF WOUND CARE ADVANTAGE, LLC

Name: WOUND CARE ADVANTAGE, LLC - EMPLOYEE BENEFIT PLAN OF WOUND CARE ADVANTAGE, LLC (2020) Form 5500
Creator: WOUND CARE ADVANTAGE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF WOUND CARE ADVANTAGE, LLC, WOUND CARE ADVANTAGE, LLC

WOUND CARE ADVANTAGE, LLCEIN 41-2070536Plan #001PY 2020

304 W SIERRA MADRE BLVD - SIERRA MADRE, CA 910242313888-484-3922thewca.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$732K

+20.2% from 2019

Total participants

+4.1% from 2019

Average account balance

$14,630

+15.4% from 2019

Annual return

14.96%

-5.70 pp from 2019

Benchmarks

See 18,640 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,640 peers

Snapshot2020

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.80M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

173.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$214K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+21.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$968

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

See the 10-year trajectory. $4.99 for your first month.

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3D

Plan features

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.
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.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$45K

$1366 / participant

Other / not subdivided$45K100.0%

% of EOY assets

6.161%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,630

$91,190-84.0%

$178,490-91.8%

$79,858-81.7%

Participation rate

97.0%

69.2%+27.8pp

81.9%+15.0pp

69.6%+27.3pp

Annual return

14.96%

24.19%-9.2pp

151.07%-136.1pp

31.71%-16.8pp

Employer contribution / active EE

$3,256-100.0%

$5,011-100.0%

$2,471-100.0%

Participant deferral / active EE

$2,336

$3,236-27.8%

$5,202-55.1%

$3,740-37.5%

Admin fee / account holder

$901

$6,751-86.6%

$13,984-93.6%

$5,306-83.0%

EMPLOYEE BENEFIT PLAN OF WOUND CARE ADVANTAGE, LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF WOUND CARE ADVANTAGE, LLC

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