Retirement plan

APERION CARE 401(K) & PROFIT SHARING PLAN

Name: APERION CARE, INC. - APERION CARE 401(K) & PROFIT SHARING PLAN (2024) Form 5500
Creator: APERION CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APERION CARE 401(K) & PROFIT SHARING PLAN, APERION CARE, INC.

APERION CARE, INC.EIN 46-5646073Plan #001PY 2024

4655 W. CHASE AVENUE - LINCOLNWOOD, IL 60712847-262-1605aperioncare.comLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.8M

+83.3% from 2023

Total participants

4,396

+30.8% from 2023

Average account balance

$18,032

+24.4% from 2023

Annual return

56.54%

+43.13 pp from 2023

Benchmarks

See 1,431 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,431 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.81M

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.

766

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.

17.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$640

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

+56.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$203

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS7 years Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399	Recordkeeping	$88,563
MMA SECURITIES LLC5 years Filed as: MMA SECURITIES, LLC Service code 27 · EIN 22-3570392	Advisory (Plan)	$51,454
PINNACLE FINANCIAL SERVICES, INC.6 years Filed as: PINNACLE AN NPPG COMPANY Service code 15 · EIN 59-2438373	Recordkeeping	$13,700
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA TRUST COMPANY Service code 21 · EIN 42-0917998	Bank Trustee	$206

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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$155K

$35 / participant

Contract admin$155K100.0%

% of EOY assets

1.123%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CASSELL PLAN AUDITS P.C.
Auditor EIN: 462966358
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,032

$53,216-66.1%

$155,534-88.4%

$199,960-91.0%

Participation rate

17.4%

64.1%-46.7pp

78.2%-60.8pp

72.0%-54.6pp

Annual return

56.54%

41.18%+15.4pp

64.92%-8.4pp

34.28%+22.3pp

Employer contribution / active EE

$105

$1,848-94.3%

$4,675-97.8%

$3,036-96.6%

Participant deferral / active EE

$535

$3,164-83.1%

$5,630-90.5%

$5,087-89.5%

Admin fee / account holder

$203

$186+9.0%

$15,900-98.7%

$269-24.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS7 years

Filed as: TRANSAMERICA FINANCIAL LIFE INS CO

Service code 15 · EIN 36-6071399

Recordkeeping

$88,563

MMA SECURITIES LLC5 years

Filed as: MMA SECURITIES, LLC

Service code 27 · EIN 22-3570392

Advisory (Plan)

$51,454

PINNACLE FINANCIAL SERVICES, INC.6 years

Filed as: PINNACLE AN NPPG COMPANY

Service code 15 · EIN 59-2438373

Recordkeeping

$13,700

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA TRUST COMPANY

Service code 21 · EIN 42-0917998

Bank Trustee

$206

APERION CARE 401(K) & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APERION CARE 401(K) & PROFIT SHARING 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