Retirement plan

JAN-CARE AMBULANCE, INC., 401(K) PROFIT SHARING PLAN

Name: JAN-CARE AMBULANCE, INC. - JAN-CARE AMBULANCE, INC., 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: JAN-CARE AMBULANCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JAN-CARE AMBULANCE, INC., 401(K) PROFIT SHARING PLAN, JAN-CARE AMBULANCE, INC.

JAN-CARE AMBULANCE, INC.EIN 55-0687929Plan #001PY 2022

117 S. FAYETTE STREET - BECKLEY, WV 25801304-255-0535jancare.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$2.1M

No prior year

Total participants

367

No prior year

Average account balance

$20,663

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 3,875 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,875 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.80M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

29.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$525K

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

+16.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1405

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION1+ years Service code 13 · EIN 35-1140070 150 N RADNOR CHESTER RD · RADNOR, PA 19087	Contract Administrator	$5,773
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO CLEARING SERVICES, LLC Service code 27 · EIN 34-1542819 ONE NORTH JEFFERSON AVENUE · ST. LOUIS, MO 63103	Advisory (Plan)	$4,498
STADION MONEY MANAGEMENT1+ years Filed as: STADION MONEY MANAGEMENT, LLC Service code 26 · EIN 58-2099805 1061 CLIFF DAWSON ROAD · WATKINSVILLE, GA 30677	Advisory (Participants)	$3,795
JACKSON KELLY PLLC1+ years Service code 15 · EIN 55-0394215 1600 LAIDLEY TOWER · CHARLESTON, WV 253012138	Recordkeeping	$1,260

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$11K

$31 / participant

Investment mgmt$11K100.0%

% of EOY assets

0.514%

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: RICHMOND & COMPANY, CPAS, A.C.
Auditor EIN: 550678792
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,663

$46,332-55.4%

$143,799-85.6%

$64,819-68.1%

Participation rate

23.0%

64.2%-41.3pp

80.3%-57.4pp

71.5%-48.5pp

Annual return

0.00%

-10.05%+10.1pp

-0.04%0pp

32.84%-32.8pp

Employer contribution / active EE

$266

$1,911-86.1%

$4,952-94.6%

$2,507-89.4%

Participant deferral / active EE

$655

$2,647-75.3%

$5,638-88.4%

$4,311-84.8%

Admin fee / account holder

$106

$154-31.0%

$14,677-99.3%

$188-43.5%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1+ years

Service code 13 · EIN 35-1140070

150 N RADNOR CHESTER RD · RADNOR, PA 19087

Contract Administrator

$5,773

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO CLEARING SERVICES, LLC

Service code 27 · EIN 34-1542819

ONE NORTH JEFFERSON AVENUE · ST. LOUIS, MO 63103

Advisory (Plan)

$4,498

STADION MONEY MANAGEMENT1+ years

Filed as: STADION MONEY MANAGEMENT, LLC

Service code 26 · EIN 58-2099805

1061 CLIFF DAWSON ROAD · WATKINSVILLE, GA 30677

Advisory (Participants)

$3,795

JACKSON KELLY PLLC1+ years

Service code 15 · EIN 55-0394215

1600 LAIDLEY TOWER · CHARLESTON, WV 253012138

Recordkeeping

$1,260

JAN-CARE AMBULANCE, INC., 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JAN-CARE AMBULANCE, 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