Retirement plan

OPTIMUM HIT LLC 401K PROFIT SHARING PLAN & TRUST

Name: OPTIMUM HEALTHCARE IT LLC - OPTIMUM HIT LLC 401K PROFIT SHARING PLAN & TRUST (2016) Form 5500
Creator: OPTIMUM HEALTHCARE IT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPTIMUM HIT LLC 401K PROFIT SHARING PLAN & TRUST, OPTIMUM HEALTHCARE IT LLC

OPTIMUM HEALTHCARE IT LLCEIN 45-4481569Plan #001PY 2016

1300 MARSH LANDING, SUITE 105 - JACKSONVILLE BEACH, FL 32250904-373-0831optimumhit.comLinkedIn501-1000 employeesinformation technology and services

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$4M

+88.8% from 2015

Total participants

451

+2.0% from 2015

Average account balance

$23,280

+29.9% from 2015

Annual return

42.52%

+41.93 pp from 2015

Benchmarks

See 2,524 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,524 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.48M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

339

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.

27.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.80M

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

+17.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$300

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
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$1,975
ADP BROKER-DEALER2+ years Service code 49 · EIN 22-3319984	Other Services	$0
NFP RETIREMENT INC1 year Filed as: NFP Service code 49 236 PONTE VEDRA PARK DR STE 101 · PONTE VEDRA BEACH, FL 32082	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$2K

$5 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.049%

all-in expense ratio

Categories reported

0 / 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: DIXON HUGHES GOODMAN LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,280

$80,177-71.0%

$123,894-81.2%

$57,658-59.6%

Participation rate

28.2%

74.4%-46.3pp

81.4%-53.2pp

70.2%-42.1pp

Annual return

42.52%

17.90%+24.6pp

47.52%-5.0pp

5.13%+37.4pp

Employer contribution / active EE

$2,913-100.0%

$4,617-100.0%

$1,974-100.0%

Participant deferral / active EE

$3,816

$5,130-25.6%

$5,984-36.2%

$3,061+24.7%

Admin fee / account holder

$11

$106-89.3%

$8,357-99.9%

$95-87.9%

Provider

Service type

Compensation

ADP BROKER-DEALER2+ years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$1,975

ADP BROKER-DEALER2+ years

Service code 49 · EIN 22-3319984

Other Services

NFP RETIREMENT INC1 year

Filed as: NFP

Service code 49

236 PONTE VEDRA PARK DR STE 101 · PONTE VEDRA BEACH, FL 32082

Other Services

OPTIMUM HIT LLC 401K PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPTIMUM HIT LLC 401K PROFIT SHARING PLAN & TRUST

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