Retirement plan

CAROLINA CASE MANAGEMENT AND REHABILITATION SEVICES, INC. 401 (K) PLAN

Name: CAROLINA CASE MANAGEMENT AND REHABILITATION SEVICES, INC. - CAROLINA CASE MANAGEMENT AND REHABILITATION SEVICES, INC. 401 (K) PLAN (2020) Form 5500
Creator: CAROLINA CASE MANAGEMENT AND REHABILITATION SEVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROLINA CASE MANAGEMENT AND REHABILITATION SEVICES, INC. 401 (K) PLAN, CAROLINA CASE MANAGEMENT AND REHABILITATION SEVICES, INC.

CAROLINA CASE MANAGEMENT AND REHABILITATION SEVICES, INC.EIN 56-1939062Plan #001PY 2020

118 WIND CHIME COURT - RALEIGH, NC 27615919-846-9390LinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.9M

+22.8% from 2019

Total participants

128

+8.5% from 2019

Average account balance

$136,040

+11.9% from 2019

Annual return

21.20%

-2.45 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.46M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

115

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.

80.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+18.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$354

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
FIRST CITIZENS BANK & TRUST COMPANY1 year Filed as: FIRST CITIZENS BANK Service code 26 8510 COLONNADE CENTER DR · RALEIGH, NC 27615	Advisory (Participants)	$25,000
EPIC RETIREMENT PLAN SERVICES1 year Filed as: THE RETIREMENT PLAN COMPANY Service code 51 · EIN 38-3712991	Investment Mgmt Fees	$10,056
EPIC RETIREMENT PLAN SERVICES1 year Filed as: THE RETIREMENT PLAN COMPANY,LLC Service code 60	Sub-TA Fees	$5,819

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$35K

$322 / participant

Investment mgmt$25K71.3%
Other / not subdivided$10K28.7%

% of EOY assets

0.253%

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: THOMAS, JUDY & TUCKER, P.A.
Auditor EIN: 561965804
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136,040

$58,895+131.0%

$178,503-23.8%

$73,497+85.1%

Participation rate

76.1%

66.2%+9.9pp

81.9%-5.8pp

70.7%+5.5pp

Annual return

21.20%

24.86%-3.7pp

151.12%-129.9pp

28.51%-7.3pp

Employer contribution / active EE

$2,499

$2,236+11.8%

$5,011-50.1%

$2,270+10.1%

Participant deferral / active EE

$5,799

$2,567+125.9%

$5,202+11.5%

$3,740+55.1%

Admin fee / account holder

$344

$400-14.2%

$13,987-97.5%

$513-33.0%

Provider

Service type

Compensation

FIRST CITIZENS BANK & TRUST COMPANY1 year

Filed as: FIRST CITIZENS BANK

Service code 26

8510 COLONNADE CENTER DR · RALEIGH, NC 27615

Advisory (Participants)

$25,000

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: THE RETIREMENT PLAN COMPANY

Service code 51 · EIN 38-3712991

Investment Mgmt Fees

$10,056

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: THE RETIREMENT PLAN COMPANY,LLC

Service code 60

Sub-TA Fees

$5,819

CAROLINA CASE MANAGEMENT AND REHABILITATION SEVICES, INC. 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROLINA CASE MANAGEMENT AND REHABILITATION SEVICES, 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