Retirement plan

ABSOLUTECARE, LLC 401(K) PLAN

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

ABSOLUTECARE, LLCEIN 52-2260078Plan #001PY 2022

1040 PARK AVE STE 302 - BALTIMORE, MD 21201410-581-8700absolutecare.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$7.7M

-11.2% from 2021

Total participants

578

+76.2% from 2021

Average account balance

$15,163

-45.1% from 2021

Annual return

-13.01%

-41.40 pp from 2021

Benchmarks

See 3,159 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,159 peers

Snapshot2022

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 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA Service code 15 · EIN 13-3689044	Recordkeeping	$36,213
ASCENSUS LLC1 year Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843	Recordkeeping	$6,881
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ INVESTMENT ADVISORY Service code 27 · EIN 81-3968784	Advisory (Plan)	$5,991
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICE Service code 27 · EIN 04-1590850	Advisory (Plan)	$4,375
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ INSURANCE SERVICES Service code 15 · EIN 52-0807416	Recordkeeping	$3,801
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL Service code 27 · EIN 36-3194849	Advisory (Plan)	$268

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

$70K

$184 / participant

Contract admin$70K100.0%

% of EOY assets

0.899%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,163

$82,163-81.5%

$125,363-87.9%

$64,814-76.6%

Participation rate

82.3%

77.9%+4.4pp

82.4%-0.1pp

71.5%+10.8pp

Annual return

-13.01%

3.49%-16.5pp

572.15%-585.2pp

32.84%-45.8pp

Employer contribution / active EE

$181

$3,616-95.0%

$4,815-96.2%

$2,507-92.8%

Participant deferral / active EE

$5,270

$7,175-26.5%

$7,447-29.2%

$4,310+22.3%

Admin fee / account holder

$136

$163-16.5%

$10,005-98.6%

$188-27.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA

Service code 15 · EIN 13-3689044

Recordkeeping

$36,213

ASCENSUS LLC1 year

Filed as: FUTUREPLAN BY ASCENSUS

Service code 15 · EIN 82-3719843

Recordkeeping

$6,881

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ INVESTMENT ADVISORY

Service code 27 · EIN 81-3968784

Advisory (Plan)

$5,991

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICE

Service code 27 · EIN 04-1590850

Advisory (Plan)

$4,375

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ INSURANCE SERVICES

Service code 15 · EIN 52-0807416

Recordkeeping

$3,801

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL

Service code 27 · EIN 36-3194849

Advisory (Plan)

$268

ABSOLUTECARE, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABSOLUTECARE, LLC 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