Retirement plan

GREENBROOK TMS 401(K) PLAN

Name: TMS NEUROHEALTH CENTER, INC. - GREENBROOK TMS 401(K) PLAN (2024) Form 5500
Creator: TMS NEUROHEALTH CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREENBROOK TMS 401(K) PLAN, TMS NEUROHEALTH CENTER, INC.

TMS NEUROHEALTH CENTER, INC.EIN 47-4864814Plan #001PY 2024

8405 GREENSBORO DRIVE, SUITE 120 - MCLEAN, VA 22102855-333-4867LinkedIn11-50 employeesmedical practice

Prospect flagsHigh retiree %Low assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.1M

+39.8% from 2023

Total participants

653

+9.7% from 2023

Average account balance

$14,809

+20.0% from 2023

Annual return

16.92%

-12.18 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.09M

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.

614

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.

90.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$40,681
GLOBAL RETIREMENT PARTNERS LLC4 years Service code 33 · EIN 47-1411118	Other fees; Securities brokerage	$21,974
SHERIDAN ROAD ADVISORS LLC2 years Filed as: HUB INTERNATIONAL NEW ENGLAND LLC Service code 13 300 BALLARDVALE STREET · WILMINGTON, MA 01887	Contract Administrator	$21,260
CARON & BLETZER, PLLC1 year Service code 10 1 LIBRARY LANE · KINGSTON, NH 03848	Accounting	$9,010
RPW SOLUTIONS LLC1 year Service code 13 · EIN 88-1100312	Contract Administrator	$6,425
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$944

Plan features & details

Pension benefit codes2F2J2K2S2T3D

Plan features

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).
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

3 tripped

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).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$100K

$242 / participant

Other / not subdivided$100K100.0%

% of EOY assets

1.103%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,809

$50,902-70.9%

$155,534-90.5%

$77,736-80.9%

Participation rate

90.6%

63.1%+27.5pp

78.2%+12.4pp

70.6%+20.0pp

Annual return

16.92%

34.85%-17.9pp

64.92%-48.0pp

31.26%-14.3pp

Employer contribution / active EE

$2,023

$1,991+1.6%

$4,675-56.7%

$2,728-25.9%

Participant deferral / active EE

$4,372

$2,824+54.8%

$5,630-22.4%

$4,651-6.0%

Admin fee / account holder

$163

$437-62.6%

$15,900-99.0%

$433-62.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$40,681

GLOBAL RETIREMENT PARTNERS LLC4 years

Service code 33 · EIN 47-1411118

Other fees; Securities brokerage

$21,974

SHERIDAN ROAD ADVISORS LLC2 years

Filed as: HUB INTERNATIONAL NEW ENGLAND LLC

Service code 13

300 BALLARDVALE STREET · WILMINGTON, MA 01887

Contract Administrator

$21,260

CARON & BLETZER, PLLC1 year

Service code 10

1 LIBRARY LANE · KINGSTON, NH 03848

Accounting

$9,010

RPW SOLUTIONS LLC1 year

Service code 13 · EIN 88-1100312

Contract Administrator

$6,425

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$944

GREENBROOK TMS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREENBROOK TMS 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