Retirement plan

MENTAL HEALTH CARE, INC. 401(K) PLAN

Name: MENTAL HEALTH CARE, INC. - MENTAL HEALTH CARE, INC. 401(K) PLAN (2016) Form 5500
Creator: MENTAL HEALTH CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MENTAL HEALTH CARE, INC. 401(K) PLAN, MENTAL HEALTH CARE, INC.

MENTAL HEALTH CARE, INC.EIN 59-0747306Plan #001PY 2016

5707 N 22ND ST - TAMPA, FL 336104350813-239-8132LinkedIn11-50 employeeshospital & health care

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$7.5M

+3.2% from 2015

Total participants

685

-1.2% from 2015

Average account balance

$13,872

-24.1% from 2015

Annual return

6.84%

+7.25 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.10M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

1,089

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.

80.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.75M

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

+12.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$62

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
VALIC RETIREMENT SERVICES COMPANY2+ years Service code 19 · EIN 51-0396365	Securities Custodian	$34,208
SEABRIDGE WEALTH MANAGEMENT LLC1 year Filed as: SEABRIDGE WEALTH MANAGEMENT, LLC Service code 55 · EIN 45-2514987	Other Commissions	$24,539
VOYA RETIREMENT INSURANCE & ANNUITY1 year Service code 64 · EIN 71-0294708	Recordkeeping Fees	$3,250

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$43K

$72 / participant

Contract admin$15K34.7%
Other / not subdivided$28K65.3%

% of EOY assets

0.568%

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: RIVERO,GORDIMER & COMPANY, P.A.
Auditor EIN: 593040705
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,872

$36,916-62.4%

$156,551-91.1%

$57,658-75.9%

Participation rate

75.5%

63.4%+12.1pp

84.0%-8.5pp

70.2%+5.3pp

Annual return

6.84%

12.38%-5.5pp

32.23%-25.4pp

5.13%+1.7pp

Employer contribution / active EE

$497

$1,571-68.4%

$5,501-91.0%

$1,974-74.8%

Participant deferral / active EE

$956

$1,926-50.3%

$4,871-80.4%

$3,061-68.8%

Admin fee / account holder

$79

$82-4.5%

$13,028-99.4%

$95-16.7%

Provider

Service type

Compensation

VALIC RETIREMENT SERVICES COMPANY2+ years

Service code 19 · EIN 51-0396365

Securities Custodian

$34,208

SEABRIDGE WEALTH MANAGEMENT LLC1 year

Filed as: SEABRIDGE WEALTH MANAGEMENT, LLC

Service code 55 · EIN 45-2514987

Other Commissions

$24,539

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$3,250

MENTAL HEALTH CARE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MENTAL HEALTH CARE, 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