Retirement plan

QUALITY CARE FOR CHILDREN, INC. 401(K) PROFIT SHARING PLAN

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

QUALITY CARE FOR CHILDREN, INC.EIN 58-2400285Plan #001PY 2022

3 CORPORATE BLVD. NE, SUITE 230 - ATLANTA, GA 30329404-479-4200qualitycareforchildren.orgLinkedIn51-200 employeeseducation management

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2.9M

-20.8% from 2021

Total participants

123

+1.7% from 2021

Average account balance

$34,667

-18.9% from 2021

Annual return

-16.18%

-27.96 pp from 2021

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.96M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

86.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$535K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3440

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

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

Service providers

Top 8 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$7,970
FIRST PARTY ADMINISTRATOR, LLC2 years Filed as: FIRST PARTY ADMINISTRATOR LLC Service code 13 PO BOX 745680 · ATLANTA, GA 30374	Contract Administrator	$6,113
WOODBURY FINANCIAL SERVICES2 years Filed as: WOODBURY FINANCIAL SERVICES INC Service code 55	Other Commissions	$4,041
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$3,278
LEVEL FOUR ADVISORY SERVICES, LLC1 year Filed as: LEVEL FOUR ADVISORY SERVICES Service code 27 12400 COIT RD STE 700 · DALLAS, TX 75251	Advisory (Plan)	$1,369
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Service code 99 6504 BRIDGE POINT PARKWAY · AUSTIN, TX 78730	Other Fees	$1,043
MORNINGSTAR2 years Filed as: MORNINGSTAR INC MORNINGSTAR Service code 99 5904 PAYSPHERE CIRCLE · CHICAGO, IL 60674	Other Fees	$177
WOODBURY FINANCIAL SERVICES2 years Service code 55 7755 3RD ST N · OAKDALE, MN 55128	Other Commissions	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$18K

$165 / participant

Other / not subdivided$18K100.0%

% of EOY assets

0.633%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HANCOCK ASKEW & CO., LLP
Auditor EIN: 580662558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,667

$65,083-46.7%

$143,788-75.9%

$66,930-48.2%

Participation rate

63.6%

65.2%-1.6pp

80.3%-16.7pp

69.8%-6.2pp

Annual return

-16.18%

-11.13%-5.0pp

-0.03%-16.2pp

1.57%-17.8pp

Employer contribution / active EE

$1,735

$2,361-26.5%

$4,952-65.0%

$2,545-31.8%

Participant deferral / active EE

$2,275

$2,920-22.1%

$5,638-59.6%

$4,238-46.3%

Admin fee / account holder

$219

$502-56.3%

$14,675-98.5%

$593-63.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO OF AME

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$7,970

FIRST PARTY ADMINISTRATOR, LLC2 years

Filed as: FIRST PARTY ADMINISTRATOR LLC

Service code 13

PO BOX 745680 · ATLANTA, GA 30374

Contract Administrator

$6,113

WOODBURY FINANCIAL SERVICES2 years

Filed as: WOODBURY FINANCIAL SERVICES INC

Service code 55

Other Commissions

$4,041

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$3,278

LEVEL FOUR ADVISORY SERVICES, LLC1 year

Filed as: LEVEL FOUR ADVISORY SERVICES

Service code 27

12400 COIT RD STE 700 · DALLAS, TX 75251

Advisory (Plan)

$1,369

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Service code 99

6504 BRIDGE POINT PARKWAY · AUSTIN, TX 78730

Other Fees

$1,043

MORNINGSTAR2 years

Filed as: MORNINGSTAR INC MORNINGSTAR

Service code 99

5904 PAYSPHERE CIRCLE · CHICAGO, IL 60674

Other Fees

$177

WOODBURY FINANCIAL SERVICES2 years

Service code 55

7755 3RD ST N · OAKDALE, MN 55128

Other Commissions

QUALITY CARE FOR CHILDREN, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUALITY CARE FOR CHILDREN, 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