Retirement plan

CUTISCARE LLC 401(K) PROFIT SHARING PLAN

Name: CUTISCARE LLC - CUTISCARE LLC 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: CUTISCARE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUTISCARE LLC 401(K) PROFIT SHARING PLAN, CUTISCARE LLC

CUTISCARE LLCEIN 47-5477174Plan #001PY 2021

2300 GLADES ROAD, SUITE 100 E - BOCA RATON, FL 33431561-617-7063cutiscareusa.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.8M

+12.8% from 2020

Total participants

173

-4.4% from 2020

Average account balance

$37,335

+18.8% from 2020

Annual return

9.62%

-1.15 pp from 2020

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.25M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

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.

61.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$793K

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

+17.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4259

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

0 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
UNITED RETIREMENT / FUTURE PLAN2 years Service code 13 P.O. BOX 734603 · CHICAGO, IL 60673	Contract Administrator	$13,067
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 15 · EIN 04-1590850 1295 STATE STREET · SPRINGFIELD, MA 01111	Recordkeeping	$12,906
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 55 · EIN 13-5674085 ONE BRYANT PARK · NEW YOUK, NY 10036	Other Commissions	$9,733
ASCENSUS LLC1 year Filed as: ASCENSUS Service code 13 · EIN 82-3719843	Contract Administrator	$0
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL Service code 55 · EIN 36-3429599	Other Commissions	$0
ALLIANCE PENSION CONSULTANTS, LLC1 year Filed as: THE PENSION ALLIANCE Service code 13 · EIN 25-1759623	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D2A2S

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$26K

$160 / participant

Contract admin$26K100.0%

% of EOY assets

0.928%

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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,335

$61,166-39.0%

$185,849-79.9%

$79,391-53.0%

Participation rate

39.5%

66.6%-27.1pp

81.7%-42.2pp

70.7%-31.2pp

Annual return

9.62%

19.45%-9.8pp

122.10%-112.5pp

116.88%-107.3pp

Employer contribution / active EE

$1,005

$2,321-56.7%

$5,169-80.6%

$2,428-58.6%

Participant deferral / active EE

$2,005

$2,789-28.1%

$5,569-64.0%

$4,046-50.4%

Admin fee / account holder

$346

$710-51.2%

$16,244-97.9%

$627-44.7%

Provider

Service type

Compensation

UNITED RETIREMENT / FUTURE PLAN2 years

Service code 13

P.O. BOX 734603 · CHICAGO, IL 60673

Contract Administrator

$13,067

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASS MUTUAL LIFE INSURANCE CO

Service code 15 · EIN 04-1590850

1295 STATE STREET · SPRINGFIELD, MA 01111

Recordkeeping

$12,906

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 55 · EIN 13-5674085

ONE BRYANT PARK · NEW YOUK, NY 10036

Other Commissions

$9,733

ASCENSUS LLC1 year

Filed as: ASCENSUS

Service code 13 · EIN 82-3719843

Contract Administrator

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL

Service code 55 · EIN 36-3429599

Other Commissions

ALLIANCE PENSION CONSULTANTS, LLC1 year

Filed as: THE PENSION ALLIANCE

Service code 13 · EIN 25-1759623

Contract Administrator

CUTISCARE LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUTISCARE LLC 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