Retirement plan

CARERITE CENTERS, LLC 401(K) PLAN

Name: CARERITE CENTERS, LLC - CARERITE CENTERS, LLC 401(K) PLAN (2018) Form 5500
Creator: CARERITE CENTERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARERITE CENTERS, LLC 401(K) PLAN, CARERITE CENTERS, LLC

CARERITE CENTERS, LLCEIN 45-2505538Plan #003PY 2018

36 AIRPORT ROAD, SUITE 102 - LAKEWOOD, NJ 08701732-370-8090careritecenters.comLinkedIn5001-10000 employeeshospital & health care

Prospect flagsHigh cashLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$19.7M

+24.5% from 2017

Total participants

4,769

+121.0% from 2017

Average account balance

$25,385

-14.0% from 2017

Annual return

29.25%

+4.83 pp from 2017

Benchmarks

See 1,316 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,316 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.84M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

706

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.

19.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$896

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

+12.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$282

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 10 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Service code 49 · EIN 04-1590850	Other Services	$17,907
ROBIN S. WEINGAST & ASSOCIATES, INC4+ years Service code 13	Contract Administrator	$13,494
AMERICAN FUNDS2 years Service code 52	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY ADVISOR Service code 52	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 52	Indirect Investment Fees	$0
FRANKLIN TEMPLETON2 years Filed as: FRANKLINTEMPLETON Service code 52	Indirect Investment Fees	$0
MANNING & NAPIER2 years Service code 52	Indirect Investment Fees	$0
ROBIN S. WEINGAST & ASSOCIATES, INC4+ years Filed as: ROBIN S. WEINGAST Service code 13 · EIN 11-2859146	Contract Administrator	$0
ROBIN S. WEINGAST & ASSOCIATES, INC4+ years Filed as: ROBIN S. WEINGAST & ASSOC., INC Service code 13 · EIN 11-2859146 100 QUENTIN ROOSEVELT BLVD STE #507 · GARDEN CITY, NY 11530	Contract Administrator	$0
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

5 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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$18K

$4 / participant

Investment mgmt$18K100.0%

% of EOY assets

0.091%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HW&CO.
Auditor EIN: 341663157
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,385

$45,382-44.1%

$154,108-83.5%

$75,289-66.3%

Participation rate

11.3%

65.9%-54.6pp

83.0%-71.7pp

72.4%-61.1pp

Annual return

29.25%

-0.47%+29.7pp

735.21%-706.0pp

-0.04%+29.3pp

Employer contribution / active EE

$46

$1,533-97.0%

$5,298-99.1%

$2,405-98.1%

Participant deferral / active EE

$359

$2,384-84.9%

$5,081-92.9%

$3,739-90.4%

Admin fee / account holder

$23

$89-74.2%

$13,411-99.8%

$102-77.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Service code 49 · EIN 04-1590850

Other Services

$17,907

ROBIN S. WEINGAST & ASSOCIATES, INC4+ years

Service code 13

Contract Administrator

$13,494

AMERICAN FUNDS2 years

Service code 52

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY ADVISOR

Service code 52

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 52

Indirect Investment Fees

FRANKLIN TEMPLETON2 years

Filed as: FRANKLINTEMPLETON

Service code 52

Indirect Investment Fees

MANNING & NAPIER2 years

Service code 52

Indirect Investment Fees

ROBIN S. WEINGAST & ASSOCIATES, INC4+ years

Filed as: ROBIN S. WEINGAST

Service code 13 · EIN 11-2859146

Contract Administrator

ROBIN S. WEINGAST & ASSOCIATES, INC4+ years

Filed as: ROBIN S. WEINGAST & ASSOC., INC

Service code 13 · EIN 11-2859146

100 QUENTIN ROOSEVELT BLVD STE #507 · GARDEN CITY, NY 11530

Contract Administrator

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO

Service code 52

Indirect Investment Fees

CARERITE CENTERS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARERITE CENTERS, LLC 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