Retirement plan

MCLEOD ADDICTIVE DISEASE CENTER, INC. 401(K) PLAN

Name: MCLEOD ADDICTIVE DISEASE CENTER, INC. - MCLEOD ADDICTIVE DISEASE CENTER, INC. 401(K) PLAN (2021) Form 5500
Creator: MCLEOD ADDICTIVE DISEASE CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCLEOD ADDICTIVE DISEASE CENTER, INC. 401(K) PLAN, MCLEOD ADDICTIVE DISEASE CENTER, INC.

MCLEOD ADDICTIVE DISEASE CENTER, INC.EIN 56-0953783Plan #001PY 2021

515 CLANTON ROAD - CHARLOTTE, NC 28217704-332-9001LinkedIn1-10 employeeshospital & health care

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$3.1M

-11.1% from 2020

Total participants

207

+7.8% from 2020

Average account balance

$18,337

-1.1% from 2020

Annual return

19.83%

+17.82 pp from 2020

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.96M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

203

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.

53.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$469K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969	Contract Administrator	$18,673

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$19K

$130 / participant

Contract admin$19K100.0%

% of EOY assets

0.603%

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: CHERRY BEKAERT, CPA & ADVISORS
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,337

$61,166-70.0%

$185,849-90.1%

$79,391-76.9%

Participation rate

73.6%

66.6%+7.0pp

81.7%-8.1pp

70.7%+2.9pp

Annual return

19.83%

19.45%+0.4pp

122.10%-102.3pp

116.88%-97.1pp

Employer contribution / active EE

$2,321-100.0%

$5,169-100.0%

$2,428-100.0%

Participant deferral / active EE

$175

$2,789-93.7%

$5,569-96.9%

$4,046-95.7%

Admin fee / account holder

$110

$710-84.4%

$16,244-99.3%

$627-82.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Service code 13 · EIN 27-2037969

Contract Administrator

$18,673

MCLEOD ADDICTIVE DISEASE CENTER, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCLEOD ADDICTIVE DISEASE CENTER, 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