Retirement plan

FUTURECARE 401(K) PLAN

Name: FUTURE HEALTH AND MANAGEMENT CORPORATION - FUTURECARE 401(K) PLAN (2017) Form 5500
Creator: FUTURE HEALTH AND MANAGEMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FUTURECARE 401(K) PLAN, FUTURE HEALTH AND MANAGEMENT CORPORATION

FUTURE HEALTH AND MANAGEMENT CORPORATIONEIN 52-1508636Plan #001PY 2017

8028 RITCHIE HIGHWAY, SUITE 210B - PASADENA, MD 21122410-766-1995futurecarehealth.comLinkedIn1001-5000 employeesmedical practice

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$31.6M

+25.3% from 2016

Total participants

2,306

+2.7% from 2016

Average account balance

$32,921

+2.7% from 2016

Annual return

18.16%

+8.02 pp from 2016

Benchmarks

See 1,308 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,308 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$57.38M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

1,104

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.

39.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$97,440
KESTRA INVESTMENT SERVICES LLC2 years Service code 53 · EIN 74-2794194	Insurance Commissions	$45,412
NEWPORT GROUP, INC.2 years Service code 13 · EIN 27-2037969	Contract Administrator	$35,341

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

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).
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$97K

$44 / participant

Contract admin$97K100.0%

% of EOY assets

0.308%

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: GORFINE SCHILLER & GARDYN, PA
Auditor EIN: 521231901
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,921

$44,989-26.8%

$170,439-80.7%

$77,958-57.8%

Participation rate

39.7%

64.6%-24.9pp

83.6%-43.9pp

71.6%-32.0pp

Annual return

18.16%

19.61%-1.5pp

205.94%-187.8pp

20.87%-2.7pp

Employer contribution / active EE

$210

$1,466-85.7%

$5,433-96.1%

$2,310-90.9%

Participant deferral / active EE

$1,487

$2,208-32.6%

$4,939-69.9%

$3,537-58.0%

Admin fee / account holder

$102

$69+47.2%

$13,881-99.3%

$97+4.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$97,440

KESTRA INVESTMENT SERVICES LLC2 years

Service code 53 · EIN 74-2794194

Insurance Commissions

$45,412

NEWPORT GROUP, INC.2 years

Service code 13 · EIN 27-2037969

Contract Administrator

$35,341

FUTURECARE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FUTURECARE 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