Retirement plan

ABSOLUTECARE, INC. 401(K) PLAN

Name: ABSOLUTECARE, INC. - ABSOLUTECARE, INC. 401(K) PLAN (2020) Form 5500
Creator: ABSOLUTECARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABSOLUTECARE, INC. 401(K) PLAN, ABSOLUTECARE, INC.

ABSOLUTECARE, INC.EIN 52-2260078Plan #001PY 2020

2140 PEACHTREE ROAD NW, SUITE 232 - ATLANTA, GA 30309443-827-8485absolutecare.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$6M

+27.1% from 2019

Total participants

364

+19.0% from 2019

Average account balance

$17,413

+3.7% from 2019

Annual return

16.29%

-3.02 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.17M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

498

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.

83.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.62M

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

+16.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$248

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
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044	Recordkeeping	$22,189
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES, LLC Service code 22 · EIN 04-3109325	Insurance Broker	$5,977
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ INSURANCE SERVICES, INC - MD Service code 15 · EIN 52-0877416	Recordkeeping	$4,650

Plan features & details

Pension benefit codes2E2G2J3D2S

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$34K

$172 / participant

Contract admin$34K100.0%

% of EOY assets

0.571%

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: SC&H ATTEST SERVICES, P.C.
Auditor EIN: 521743645
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,413

$99,957-82.6%

$149,730-88.4%

$73,493-76.3%

Participation rate

89.4%

75.7%+13.7pp

82.5%+6.9pp

70.7%+18.7pp

Annual return

16.29%

53.87%-37.6pp

276.70%-260.4pp

28.51%-12.2pp

Employer contribution / active EE

$135

$3,191-95.8%

$4,645-97.1%

$2,270-94.1%

Participant deferral / active EE

$6,131

$6,073+1.0%

$6,843-10.4%

$3,740+63.9%

Admin fee / account holder

$99

$551-81.9%

$9,310-98.9%

$513-80.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

Recordkeeping

$22,189

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES, LLC

Service code 22 · EIN 04-3109325

Insurance Broker

$5,977

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ INSURANCE SERVICES, INC - MD

Service code 15 · EIN 52-0877416

Recordkeeping

$4,650

ABSOLUTECARE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABSOLUTECARE, INC. 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