Retirement plan

HOMECENTRIS HEALTHCARE, LLC 401(K) PROFIT SHARING PLAN AND TRUST

Name: HOMECENTRIS HEALTHCARE, LLC - HOMECENTRIS HEALTHCARE, LLC 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: HOMECENTRIS HEALTHCARE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOMECENTRIS HEALTHCARE, LLC 401(K) PROFIT SHARING PLAN AND TRUST, HOMECENTRIS HEALTHCARE, LLC

HOMECENTRIS HEALTHCARE, LLCEIN 46-5705434Plan #001PY 2024

10 CROSSROADS DRIVE, SUITE 110 - OWINGS MILLS, MD 21117410-486-5330homecentris.comLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$3.2M

+22.5% from 2023

Total participants

1,299

-4.1% from 2023

Average account balance

$6,356

-1.2% from 2023

Annual return

10.44%

-19.06 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

$3.18M

Not enough data

1 years with asset history on file

Average account balance

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

$6K

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.

501

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.

23.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$488K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$471

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

+10.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21

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 6 by compensation

Provider	Service type	Compensation
NATIONWIDE3 years Service code 26 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Advisory (Participants)	$17,335
THE LEADERS GROUP INC2 years Filed as: THE LEADERS GROUP Service code 26 26 WEST DRY CREEK CIRCLE · LITTLETON, CO 801204475	Advisory (Participants)	$13,709
EPIC RETIREMENT PLAN SERVICES3 years Filed as: AMERICAN RETIREMENT PLAN SERVICES Service code 14 · EIN 52-2025778 EXEC PLAZA 1, SUITE 802 · HUNT VALLEY, MD 21031	Plan Administrator	$2,798
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN RETIREMENT PLN SERV LLC Service code 14	Plan Administrator	$1,319
IRON-CO-FID-COMPREHENSIVE2 years Filed as: IRON-CO-FID-FLEXIBLE ADV FOUNDATION Service code 26 · EIN 26-2409128 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Advisory (Participants)	$1,116
PROACCOUNT1 year Service code 26 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Participants)	$758

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

7 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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$10K

$10 / participant

Investment mgmt$5K47.1%
Contract admin$5K52.9%

% of EOY assets

0.325%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SC & H ATTEST SERVICES, P.C.
Auditor EIN: 521743645
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,356

$53,216-88.1%

$155,534-95.9%

$199,960-96.8%

Participation rate

23.0%

64.1%-41.1pp

78.2%-55.2pp

72.0%-49.0pp

Annual return

10.44%

41.18%-30.7pp

64.92%-54.5pp

34.28%-23.8pp

Employer contribution / active EE

$78

$1,848-95.8%

$4,675-98.3%

$3,036-97.4%

Participant deferral / active EE

$393

$3,164-87.6%

$5,630-93.0%

$5,087-92.3%

Admin fee / account holder

$21

$186-88.9%

$15,900-99.9%

$269-92.3%

Provider

Service type

Compensation

NATIONWIDE3 years

Service code 26 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Advisory (Participants)

$17,335

THE LEADERS GROUP INC2 years

Filed as: THE LEADERS GROUP

Service code 26

26 WEST DRY CREEK CIRCLE · LITTLETON, CO 801204475

Advisory (Participants)

$13,709

EPIC RETIREMENT PLAN SERVICES3 years

Filed as: AMERICAN RETIREMENT PLAN SERVICES

Service code 14 · EIN 52-2025778

EXEC PLAZA 1, SUITE 802 · HUNT VALLEY, MD 21031

Plan Administrator

$2,798

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN RETIREMENT PLN SERV LLC

Service code 14

Plan Administrator

$1,319

IRON-CO-FID-COMPREHENSIVE2 years

Filed as: IRON-CO-FID-FLEXIBLE ADV FOUNDATION

Service code 26 · EIN 26-2409128

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Advisory (Participants)

$1,116

PROACCOUNT1 year

Service code 26

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Participants)

$758

HOMECENTRIS HEALTHCARE, LLC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOMECENTRIS HEALTHCARE, LLC 401(K) PROFIT SHARING PLAN AND 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