Retirement plan

SUNCREST HEALTH SERVICES, LLC. 401K PLAN

Name: SUNCREST HEALTH SERVICES, LLC. - SUNCREST HEALTH SERVICES, LLC. 401K PLAN (2020) Form 5500
Creator: SUNCREST HEALTH SERVICES, LLC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNCREST HEALTH SERVICES, LLC. 401K PLAN, SUNCREST HEALTH SERVICES, LLC.

SUNCREST HEALTH SERVICES, LLC.EIN 46-1848782Plan #001PY 2020

9800 MONROE ST, SUITE 809 - SANDY, UT 84070801-849-0486LinkedIn51-200 employeesmedical practice

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$5.7M

+72.3% from 2019

Total participants

358

+34.1% from 2019

Average account balance

$20,373

+19.7% from 2019

Annual return

33.84%

-4.34 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.94M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

664

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.

73.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+19.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$225

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 2 by compensation

Provider	Service type	Compensation
MICHAEL F. YATES & COMPANY, INC.2 years Filed as: MICHAEL B BLACKHAM Service code 61 3065 W 5400 S · SLC, UT 84129	Finders' fees / placement fees	$18,988
EPLAN ADVISORS, LLC2 years Service code 17 · EIN 36-1543746	Pension Consulting	$11,845

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$34K

$120 / participant

Investment mgmt$31K90.1%
Contract admin$3K9.9%

% of EOY assets

0.596%

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: WSRP, LLC
Auditor EIN: 870517754
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,373

$52,293-61.0%

$178,499-88.6%

$73,412-72.2%

Participation rate

73.3%

65.3%+8.0pp

81.9%-8.6pp

72.2%+1.2pp

Annual return

33.84%

34.75%-0.9pp

151.10%-117.3pp

59.30%-25.5pp

Employer contribution / active EE

$2,068

$1,735+19.2%

$5,011-58.7%

$2,234-7.4%

Participant deferral / active EE

$3,883

$2,332+66.5%

$5,202-25.4%

$3,806+2.0%

Admin fee / account holder

$121

$127-4.7%

$13,986-99.1%

$158-23.2%

Provider

Service type

Compensation

MICHAEL F. YATES & COMPANY, INC.2 years

Filed as: MICHAEL B BLACKHAM

Service code 61

3065 W 5400 S · SLC, UT 84129

Finders' fees / placement fees

$18,988

EPLAN ADVISORS, LLC2 years

Service code 17 · EIN 36-1543746

Pension Consulting

$11,845

SUNCREST HEALTH SERVICES, LLC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNCREST HEALTH SERVICES, LLC. 401K 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