Retirement plan

ALITA CARE & AFFILIATES 401(K) PLAN

Name: ALITA CARE HOLDINGS LLC - ALITA CARE & AFFILIATES 401(K) PLAN (2022) Form 5500
Creator: ALITA CARE HOLDINGS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALITA CARE & AFFILIATES 401(K) PLAN, ALITA CARE HOLDINGS LLC

ALITA CARE HOLDINGS LLCEIN 47-3702085Plan #001PY 2022

19820 N. 7TH STREET - PHOENIX, AZ 85024928-684-4517

Prospect flagsLow assets / participantLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$32.9M

-10.8% from 2021

Total participants

1,403

+3.8% from 2021

Average account balance

$25,503

-15.0% from 2021

Annual return

-14.24%

-29.09 pp from 2021

Benchmarks

See 502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort502 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.56M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

1,397

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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
CBIZ RETIREMENT PLAN SERVICES5+ years Filed as: CBIZ FINANCIAL SOLUTIONS Service code 26 1765 E SKYLINE DRIVE · TUCSON, AK 85718	Advisory (Participants)	$36,173
JOHN HANCOCK LIFE INSURANCE COMPANY5+ years Service code 15 · EIN 01-0233346	Recordkeeping	$17,204

Plan features & details

Pension benefit codes2E2J2K2F2G3D2S

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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$53K

$50 / participant

Investment mgmt$36K67.8%
Contract admin$17K32.2%

% of EOY assets

0.162%

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: BALDWIN MOFFITT BEHM LLP
Auditor EIN: 464370753
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,503

$76,774-66.8%

$112,258-77.3%

$77,906-67.3%

Participation rate

89.5%

80.2%+9.4pp

75.1%+14.5pp

73.7%+15.9pp

Annual return

-14.24%

-10.25%-4.0pp

27.47%-41.7pp

12.16%-26.4pp

Employer contribution / active EE

$754

$3,977-81.0%

$3,636-79.3%

$2,846-73.5%

Participant deferral / active EE

$4,229

$3,778+11.9%

$4,728-10.6%

$4,805-12.0%

Admin fee / account holder

$41

$239-82.7%

$6,411-99.4%

$133-68.8%

Provider

Service type

Compensation

CBIZ RETIREMENT PLAN SERVICES5+ years

Filed as: CBIZ FINANCIAL SOLUTIONS

Service code 26

1765 E SKYLINE DRIVE · TUCSON, AK 85718

Advisory (Participants)

$36,173

JOHN HANCOCK LIFE INSURANCE COMPANY5+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$17,204

ALITA CARE & AFFILIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALITA CARE & AFFILIATES 401(K) 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