Retirement plan

INNOVACARE SERVICES COMPANY, LLC SAVINGS AND PROFI

Name: INNOVACARE SERVICES COMPANY, LLC - INNOVACARE SERVICES COMPANY, LLC SAVINGS AND PROFI (2016) Form 5500
Creator: INNOVACARE SERVICES COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INNOVACARE SERVICES COMPANY, LLC SAVINGS AND PROFI, INNOVACARE SERVICES COMPANY, LLC

INNOVACARE SERVICES COMPANY, LLCEIN 46-1417639Plan #001PY 2016

173 BRIDGE PLAZA NORTH - FORT LEE, NJ 07024201-969-2309LinkedIn501-1000 employeesindividual & family services

Prospect flagsWind-down / frozen

How to read this page

Total assets (EOY)

$37.3M

+2.1% from 2015

Total participants

519

-19.5% from 2015

Average account balance

$73,250

+5.9% from 2015

Annual return

7.39%

+8.41 pp from 2015

Benchmarks

See 17,769 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,769 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$62.55M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

925

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.

36.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.84M

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

+22.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$96

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 5 by compensation

Provider	Service type	Compensation
KPMG LLP2+ years Service code 50 · EIN 13-5565207	Direct Payment	$36,000
MORGAN STANLEY SMITH BARNEY2+ years Service code 27 · EIN 26-4310632	Advisory (Plan)	$18,185
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY, LLC Service code 27 · EIN 26-4310632	Advisory (Plan)	$9,473
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$9,261
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH Service code 27 · EIN 26-4310632	Advisory (Plan)	$9,200

Plan features & details

Pension benefit codes2E2J2F2G2K3B3D3H2T

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

1 tripped

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$83K

$1657 / participant

Investment mgmt$37K44.5%
Contract admin$4K5.3%
Other / not subdivided$42K50.2%

% of EOY assets

0.222%

all-in expense ratio

Categories reported

2 / 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: KPMG LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,250

$77,638-5.7%

$156,551-53.2%

$62,881+16.5%

Participation rate

80.0%

71.2%+8.8pp

84.0%-4.0pp

69.3%+10.7pp

Annual return

7.39%

50.33%-42.9pp

32.23%-24.8pp

20.14%-12.8pp

Employer contribution / active EE

$4,021

$3,444+16.7%

$5,501-26.9%

$2,281+76.3%

Participant deferral / active EE

$9,845

$3,046+223.3%

$4,871+102.1%

$3,203+207.4%

Admin fee / account holder

$163

$5,561-97.1%

$13,028-98.8%

$4,296-96.2%

Provider

Service type

Compensation

KPMG LLP2+ years

Service code 50 · EIN 13-5565207

Direct Payment

$36,000

MORGAN STANLEY SMITH BARNEY2+ years

Service code 27 · EIN 26-4310632

Advisory (Plan)

$18,185

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY, LLC

Service code 27 · EIN 26-4310632

Advisory (Plan)

$9,473

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$9,261

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH

Service code 27 · EIN 26-4310632

Advisory (Plan)

$9,200

INNOVACARE SERVICES COMPANY, LLC SAVINGS AND PROFI

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INNOVACARE SERVICES COMPANY, LLC SAVINGS AND PROFI

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