Retirement plan

CAROLINA HOME MEDICAL, INC. PROFIT SHARING PLAN AND TRUST

Name: CAROLINA HOME MEDICAL, INC. - CAROLINA HOME MEDICAL, INC. PROFIT SHARING PLAN AND TRUST (2017) Form 5500
Creator: CAROLINA HOME MEDICAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROLINA HOME MEDICAL, INC. PROFIT SHARING PLAN AND TRUST, CAROLINA HOME MEDICAL, INC.

CAROLINA HOME MEDICAL, INC.EIN 56-1987279Plan #001PY 2017

1301 COMMERCE DRIVE - NEW BERN, NC 285622213252-639-9006

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.5M

+30.8% from 2016

Total participants

325

+6.9% from 2016

Average account balance

$27,604

+28.7% from 2016

Annual return

18.70%

+5.48 pp from 2016

Benchmarks

See 2,319 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,319 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.29M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

223

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.

47.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.25M

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

+15.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$276

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
CAROLINA WEALTH MANAGEMENT, INC.3+ years Service code 27 1706-A E. ARLINGTON BLVD · GREENVILLE, NC 27858	Advisory (Plan)	$44,763
NEWPORT GROUP, INC.2 years Service code 13 · EIN 27-2037969	Contract Administrator	$13,848
RSM US LLP3+ years Service code 10 · EIN 42-0714325	Accounting	$7,000

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$66K

$319 / participant

Investment mgmt$45K68.2%
Contract admin$14K21.1%
Other / not subdivided$7K10.7%

% of EOY assets

0.769%

all-in expense ratio

Categories reported

2 / 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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,604

$51,466-46.4%

$78,778-65.0%

$62,293-55.7%

Participation rate

92.2%

59.8%+32.4pp

69.2%+23.0pp

69.5%+22.7pp

Annual return

18.70%

19.96%-1.3pp

35.62%-16.9pp

28.90%-10.2pp

Employer contribution / active EE

$1,591

$827+92.3%

$1,986-19.9%

$2,042-22.1%

Participant deferral / active EE

$2,691

$2,147+25.3%

$2,958-9.0%

$3,169-15.1%

Admin fee / account holder

$212

$489-56.6%

$5,134-95.9%

$479-55.7%

Provider

Service type

Compensation

CAROLINA WEALTH MANAGEMENT, INC.3+ years

Service code 27

1706-A E. ARLINGTON BLVD · GREENVILLE, NC 27858

Advisory (Plan)

$44,763

NEWPORT GROUP, INC.2 years

Service code 13 · EIN 27-2037969

Contract Administrator

$13,848

RSM US LLP3+ years

Service code 10 · EIN 42-0714325

Accounting

$7,000

CAROLINA HOME MEDICAL, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROLINA HOME MEDICAL, INC. PROFIT SHARING PLAN AND TRUST

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