Retirement plan

HEALTH CARE MANAGEMENT SYSTEMS, INC. 401(K) PLAN

Name: HEALTH CARE MANAGEMENT SYSTEMS, INC. - HEALTH CARE MANAGEMENT SYSTEMS, INC. 401(K) PLAN (2021) Form 5500
Creator: HEALTH CARE MANAGEMENT SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEALTH CARE MANAGEMENT SYSTEMS, INC. 401(K) PLAN, HEALTH CARE MANAGEMENT SYSTEMS, INC.

HEALTH CARE MANAGEMENT SYSTEMS, INC.EIN 43-1342874Plan #001PY 2021

9663 PAGE AVENUE - ST. LOUIS, MO 63132314-428-2328healthcare-managementsystems.comLinkedIn501-1000 employeesmedical practice

Prospect flagsLow participationLow participant contributionRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$3.5M

+103.0% from 2020

Total participants

903

+26.8% from 2020

Average account balance

$22,460

+27.2% from 2020

Annual return

101.53%

+89.87 pp from 2020

Benchmarks

See 3,799 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,799 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.76M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

157

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.

5.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$288K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$176

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

+10.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3 years Filed as: TRANSAMERICA RETIREMENT SOLUTIONS, Service code 15 · EIN 13-3689044 COMPANY · LOS ANGELES, CA 90015	Recordkeeping	$15,568
FREUND & CO INVESTMENT ADVISORS LC3 years Service code 27 · EIN 43-1786935 530 MARYVILLE CENTRE STE 210 · ST. LOUIS, MO 63141	Advisory (Plan)	$13,488
BKD, LLP6 years Filed as: BKD WEALTH ADVISORS, LLC Service code 15 · EIN 44-0160260 910 E. ST. LOUIS STREET · SPRINGFIELD, MO 658011190	Recordkeeping	$1,040

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$30K

$36 / participant

Investment mgmt$13K44.8%
Contract admin$16K51.7%
Other / not subdivided$1K3.5%

% of EOY assets

0.848%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANDERS MINKLER HUBER & HELM, LLP
Auditor EIN: 430831507
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,460

$56,540-60.3%

$185,849-87.9%

$86,821-74.1%

Participation rate

11.0%

65.5%-54.5pp

81.7%-70.7pp

72.3%-61.3pp

Annual return

101.53%

118.20%-16.7pp

122.10%-20.6pp

97.94%+3.6pp

Employer contribution / active EE

$1,844-100.0%

$5,169-100.0%

$2,406-100.0%

Participant deferral / active EE

$247

$2,555-90.3%

$5,569-95.6%

$4,132-94.0%

Admin fee / account holder

$190

$150+27.3%

$16,244-98.8%

$170+12.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Filed as: TRANSAMERICA RETIREMENT SOLUTIONS,

Service code 15 · EIN 13-3689044

COMPANY · LOS ANGELES, CA 90015

Recordkeeping

$15,568

FREUND & CO INVESTMENT ADVISORS LC3 years

Service code 27 · EIN 43-1786935

530 MARYVILLE CENTRE STE 210 · ST. LOUIS, MO 63141

Advisory (Plan)

$13,488

BKD, LLP6 years

Filed as: BKD WEALTH ADVISORS, LLC

Service code 15 · EIN 44-0160260

910 E. ST. LOUIS STREET · SPRINGFIELD, MO 658011190

Recordkeeping

$1,040

HEALTH CARE MANAGEMENT SYSTEMS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEALTH CARE MANAGEMENT SYSTEMS, 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