Retirement plan

CHILDRENS HEALTH CARE, PLLC 401K PROFIT SHARING PLAN

Name: CHILDRENS HEALTH CARE, PLLC - CHILDRENS HEALTH CARE, PLLC 401K PROFIT SHARING PLAN (2022) Form 5500
Creator: CHILDRENS HEALTH CARE, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHILDRENS HEALTH CARE, PLLC 401K PROFIT SHARING PLAN, CHILDRENS HEALTH CARE, PLLC

CHILDRENS HEALTH CARE, PLLCEIN 42-1560109Plan #002PY 2022

709 S ADAMS ST - MT PLEASANT, MI 48858989-430-7789

Other plans on this EIN

1 filing

#001Retirement-$884K assets

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$107K

+5.5% from 2021

Total participants

+200.0% from 2021

Average account balance

$107,305

+5.5% from 2021

Annual return

-43.74%

-29.59 pp from 2021

Benchmarks

See 105,930 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,930 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$252K

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+17.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

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

$107,305

$167,353-35.9%

$143,797-25.4%

$134,545-20.2%

Participation rate

33.3%

84.8%-51.5pp

80.3%-47.0pp

81.2%-47.9pp

Annual return

-43.74%

0.48%-44.2pp

-0.04%-43.7pp

418.37%-462.1pp

Employer contribution / active EE

$5,013

$5,620-10.8%

$4,952+1.2%

$4,742+5.7%

Participant deferral / active EE

$9,000

$6,447+39.6%

$5,638+59.6%

$6,401+40.6%

Admin fee / account holder

$18,096-100.0%

$14,679-100.0%

$11,431-100.0%

CHILDRENS HEALTH CARE, PLLC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CHILDRENS HEALTH CARE, PLLC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion