Retirement plan

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF WOUND CARE ADVANTAGE, LLC

Name: WOUND CARE ADVANTAGE, LLC - 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF WOUND CARE ADVANTAGE, LLC (2023) Form 5500
Creator: WOUND CARE ADVANTAGE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF WOUND CARE ADVANTAGE, LLC, WOUND CARE ADVANTAGE, LLC

WOUND CARE ADVANTAGE, LLCEIN 41-2070536Plan #001PY 2023

38 EAST MONTECITO AVENUE UNIT 13 - SIERRA MADRE, CA 91024888-484-3922thewca.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+25.6% from 2022

Total participants

-1.4% from 2022

Average account balance

$20,546

+29.4% from 2022

Annual return

18.92%

+30.23 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

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

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

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 codes2G3D2J2T

Plan features

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.

Opportunity flags

3 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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$91K

$2689 / participant

Other / not subdivided$91K100.0%

% of EOY assets

6.742%

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,546

$77,908-73.6%

$149,696-86.3%

$75,173-72.7%

Participation rate

94.1%

65.6%+28.5pp

78.8%+15.3pp

67.2%+26.9pp

Annual return

18.92%

31.73%-12.8pp

134.46%-115.5pp

160.72%-141.8pp

Employer contribution / active EE

$3,138-100.0%

$4,821-100.0%

$2,671-100.0%

Participant deferral / active EE

$4,797

$3,411+40.6%

$5,682-15.6%

$4,126+16.3%

Admin fee / account holder

$1,385

$5,950-76.7%

$13,212-89.5%

$5,651-75.5%

401(K) PROFIT SHARING PLAN FOR EMPLOYEES OF WOUND CARE ADVANTAGE, LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PROFIT SHARING PLAN FOR EMPLOYEES 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