Retirement plan

ABSOLUT RETIREMENT SAVINGS PLAN

Name: AVANTE CARE MANAGEMENT LLC - ABSOLUT RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: AVANTE CARE MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABSOLUT RETIREMENT SAVINGS PLAN, AVANTE CARE MANAGEMENT LLC

AVANTE CARE MANAGEMENT LLCEIN 47-1678841Plan #001PY 2020

225 WARNER AVENUE - ROSLYN HEIGHTS, NY 11577516-621-5400

Prospect flagsLow returnsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$13.7M

No prior year

Total participants

1,148

No prior year

Average account balance

$16,153

No prior year

Annual return

10.24%

No prior year

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

$10.32M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

698

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.

60.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$752K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$945

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

+11.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$251

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
PENSIONS PLUS, INC.1+ years Filed as: G&C PENSIONS, LLC Service code 15 · EIN 16-1613026 3685 HARLEM ROAD · BUFFALO, NY 14215	Recordkeeping	$118,862
NORTH AMERICAN KTRADE ALLIANCE, LLC1+ years Service code 64 · EIN 32-0169227 1500 NORTH OAK DRIVE · PLYMOUTH, IN 46563	Recordkeeping Fees	$80,937
AMERICAN PORTFOLIOS FINANCIAL1+ years Filed as: AMERICAN PORTFOLIOS ADVISORS, INC. Service code 31 · EIN 11-3600438 4250 VETERANS MEMORIAL HWY · HOLBROOK, NY 11741	Named fiduciary	$31,976
CADARET GRANT & CO INC1+ years Filed as: CADARET, GRANT & CO., INC. Service code 28 ONE LINCOLN CENTER, 14TH FLOOR · SYRACUSE, NY 13202	Investment Management	$31,976
BONADIO & CO., LLP1+ years Service code 10 171 SULLY'S TRAIL · PITTSFORD, NY 14534	Accounting	$19,000
TPS GROUP 3(16) SERVICES, LLC1+ years Service code 31 · EIN 82-3348747 127 WASHINGTON AVE, WEST WING · NORTH HAVEN, CT 06473	Named fiduciary	$14,622

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$272K

$337 / participant

Contract admin$272K100.0%

% of EOY assets

1.980%

all-in expense ratio

Categories reported

1 / 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: BONADIO & CO, LLP
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,153

$52,293-69.1%

$178,498-91.0%

$73,412-78.0%

Participation rate

62.9%

65.3%-2.5pp

81.9%-19.1pp

72.2%-9.3pp

Annual return

10.24%

34.75%-24.5pp

151.09%-140.9pp

59.30%-49.1pp

Employer contribution / active EE

$22

$1,735-98.7%

$5,011-99.6%

$2,234-99.0%

Participant deferral / active EE

$1,120

$2,332-52.0%

$5,202-78.5%

$3,806-70.6%

Admin fee / account holder

$320

$127+151.2%

$13,985-97.7%

$158+102.6%

Provider

Service type

Compensation

PENSIONS PLUS, INC.1+ years

Filed as: G&C PENSIONS, LLC

Service code 15 · EIN 16-1613026

3685 HARLEM ROAD · BUFFALO, NY 14215

Recordkeeping

$118,862

NORTH AMERICAN KTRADE ALLIANCE, LLC1+ years

Service code 64 · EIN 32-0169227

1500 NORTH OAK DRIVE · PLYMOUTH, IN 46563

Recordkeeping Fees

$80,937

AMERICAN PORTFOLIOS FINANCIAL1+ years

Filed as: AMERICAN PORTFOLIOS ADVISORS, INC.

Service code 31 · EIN 11-3600438

4250 VETERANS MEMORIAL HWY · HOLBROOK, NY 11741

Named fiduciary

$31,976

CADARET GRANT & CO INC1+ years

Filed as: CADARET, GRANT & CO., INC.

Service code 28

ONE LINCOLN CENTER, 14TH FLOOR · SYRACUSE, NY 13202

Investment Management

$31,976

BONADIO & CO., LLP1+ years

Service code 10

171 SULLY'S TRAIL · PITTSFORD, NY 14534

Accounting

$19,000

TPS GROUP 3(16) SERVICES, LLC1+ years

Service code 31 · EIN 82-3348747

127 WASHINGTON AVE, WEST WING · NORTH HAVEN, CT 06473

Named fiduciary

$14,622

ABSOLUT RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABSOLUT RETIREMENT SAVINGS 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