Retirement plan

PINNACLE TREATMENT CENTERS EMPLOYEE 401K PLAN

Name: PINNACLE TREATMENT CENTERS, INC. - PINNACLE TREATMENT CENTERS EMPLOYEE 401K PLAN (2024) Form 5500
Creator: PINNACLE TREATMENT CENTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PINNACLE TREATMENT CENTERS EMPLOYEE 401K PLAN, PINNACLE TREATMENT CENTERS, INC.

PINNACLE TREATMENT CENTERS, INC.EIN 56-2623168Plan #001PY 2024

1317 RT. 73, SUITE 200 - MT. LAUREL, NJ 08054856-439-6111pinnacletreatment.comLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$41.3M

+27.9% from 2023

Total participants

4,125

+162.1% from 2023

Average account balance

$22,462

+5.2% from 2023

Annual return

15.07%

-2.46 pp from 2023

Benchmarks

See 1,431 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,431 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.26M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

1,837

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.

30.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.58M

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

+15.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$102

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 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY5 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$188,050
MORNINGSTAR1 year Service code 27 · EIN 36-3297908	Advisory (Plan)	$5,561

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$188K

$57 / participant

Contract admin$182K96.8%
Other / not subdivided$6K3.2%

% of EOY assets

0.456%

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: CONNOLLY STEELE & COMPANY
Auditor EIN: 251767399
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,462

$53,216-57.8%

$155,534-85.6%

$199,960-88.8%

Participation rate

30.4%

64.1%-33.7pp

78.2%-47.8pp

72.0%-41.6pp

Annual return

15.07%

41.18%-26.1pp

64.92%-49.8pp

34.28%-19.2pp

Employer contribution / active EE

$767

$1,848-58.5%

$4,675-83.6%

$3,036-74.7%

Participant deferral / active EE

$1,538

$3,164-51.4%

$5,630-72.7%

$5,087-69.8%

Admin fee / account holder

$102

$186-44.9%

$15,900-99.4%

$269-62.0%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY5 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$188,050

MORNINGSTAR1 year

Service code 27 · EIN 36-3297908

Advisory (Plan)

$5,561

PINNACLE TREATMENT CENTERS EMPLOYEE 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PINNACLE TREATMENT CENTERS EMPLOYEE 401K 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