Retirement plan

CARE VENTURES, INC. 401(K) PROFIT SHARING PLAN

Name: CARE VENTURES, INC. - CARE VENTURES, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: CARE VENTURES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARE VENTURES, INC. 401(K) PROFIT SHARING PLAN, CARE VENTURES, INC.

CARE VENTURES, INC.EIN 52-2323856Plan #001PY 2015

157 BALTIMORE STREET, SUITE 102 - CUMBERLAND, MD 21502301-722-3215careventures.netLinkedIn11-50 employeeshospital & health care

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$4.5M

No prior year

Total participants

576

No prior year

Average account balance

$8,861

No prior year

Annual return

-0.93%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.91M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

295

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.

45.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$374K

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

+13.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$84

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
BENEFIT PLAN PROS., INC.1+ years Service code 13 P.O. BOX 1450 · MANCHESTER, NH 031051450	Contract Administrator	$7,766
TURNBULL, HOOVER, & KAHL, P.A.1+ years Filed as: TURNBULL, HOOVER & KAHL, PA. Service code 10 217 GLENN STREET, SUITE 200 · CUMBERLAND, MD 21502	Accounting	$5,985
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO FINANCIAL ADVISORS, LLC Service code 27 1 NORTH JEFFERSON AVENUE · ST. LOUIS, MO 631032205	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

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.
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 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

$16K

$34 / participant

Contract admin$8K47.8%
Other / not subdivided$8K52.2%

% of EOY assets

0.360%

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: TURNBULL, HOOVER & KAHL, P.A.
Auditor EIN: 521518807
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,861

$37,117-76.1%

$147,618-94.0%

$55,191-83.9%

Participation rate

85.8%

63.6%+22.2pp

84.6%+1.2pp

69.2%+16.6pp

Annual return

-0.93%

3.44%-4.4pp

61.98%-62.9pp

10.78%-11.7pp

Employer contribution / active EE

$199

$1,620-87.7%

$5,565-96.4%

$1,899-89.5%

Participant deferral / active EE

$956

$1,985-51.9%

$4,895-80.5%

$3,046-68.6%

Admin fee / account holder

$32

$86-62.7%

$11,612-99.7%

$91-64.9%

Provider

Service type

Compensation

BENEFIT PLAN PROS., INC.1+ years

Service code 13

P.O. BOX 1450 · MANCHESTER, NH 031051450

Contract Administrator

$7,766

TURNBULL, HOOVER, & KAHL, P.A.1+ years

Filed as: TURNBULL, HOOVER & KAHL, PA.

Service code 10

217 GLENN STREET, SUITE 200 · CUMBERLAND, MD 21502

Accounting

$5,985

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO FINANCIAL ADVISORS, LLC

Service code 27

1 NORTH JEFFERSON AVENUE · ST. LOUIS, MO 631032205

Advisory (Plan)

CARE VENTURES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARE VENTURES, INC. 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