Retirement plan

WORK SYSTEMS REHAB & FITNESS, P.C. 401(K) PLAN

Name: WORK SYSTEMS REHAB & FITNESS, P.C. - WORK SYSTEMS REHAB & FITNESS, P.C. 401(K) PLAN (2020) Form 5500
Creator: WORK SYSTEMS REHAB & FITNESS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WORK SYSTEMS REHAB & FITNESS, P.C. 401(K) PLAN, WORK SYSTEMS REHAB & FITNESS, P.C.

WORK SYSTEMS REHAB & FITNESS, P.C.EIN 42-1482210Plan #001PY 2020

604 LIBERTY STREET, STE 227 - PELLA, IA 502192296641-621-0230

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+33.8% from 2019

Total participants

+11.4% from 2019

Average account balance

$44,922

+18.6% from 2019

Annual return

20.07%

-12.70 pp from 2019

Benchmarks

See 18,633 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,633 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.47M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$467K

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

+15.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6801

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 codes2E2F2G2J2T3D

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.
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

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

$33K

$732 / participant

Other / not subdivided$33K100.0%

% of EOY assets

1.667%

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

$44,922

$91,179-50.7%

$178,499-74.8%

$79,852-43.7%

Participation rate

88.9%

69.2%+19.7pp

81.9%+7.0pp

69.6%+19.3pp

Annual return

20.07%

24.19%-4.1pp

151.10%-131.0pp

31.72%-11.6pp

Employer contribution / active EE

$1,888

$3,256-42.0%

$5,011-62.3%

$2,471-23.6%

Participant deferral / active EE

$3,295

$3,236+1.8%

$5,202-36.7%

$3,740-11.9%

Admin fee / account holder

$749

$6,749-88.9%

$13,986-94.6%

$5,306-85.9%

WORK SYSTEMS REHAB & FITNESS, P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WORK SYSTEMS REHAB & FITNESS, P.C. 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