Retirement plan

MENTAL HEALTH CARE, INC. 401K PLAN

Name: MENTAL HEALTH CARE, INC. - MENTAL HEALTH CARE, INC. 401K PLAN (2019) Form 5500
Creator: MENTAL HEALTH CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MENTAL HEALTH CARE, INC. 401K PLAN, MENTAL HEALTH CARE, INC.

MENTAL HEALTH CARE, INC.EIN 59-0747306Plan #001PY 2019

5707 N 22ND ST - TAMPA, FL 336104350813-239-8449LinkedIn11-50 employeeshospital & health care

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$11M

+30.0% from 2018

Total participants

873

+10.9% from 2018

Average account balance

$13,768

+13.3% from 2018

Annual return

21.36%

+28.05 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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 2 by compensation

Provider	Service type	Compensation
SEABRIDGE WEALTH MANAGEMENT LLC1 year Filed as: SEABRIDGE WEALTH MANAGEMENT Service code 55 · EIN 45-2514987	Other Commissions	$47,769
VOYA RETIREMENT INSURANCE & ANNUITY4 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$4,300

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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$52K

$107 / participant

Other / not subdivided$52K100.0%

% of EOY assets

0.475%

all-in expense ratio

Categories reported

0 / 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

$13,768

$62,928-78.1%

$172,752-92.0%

$67,579-79.6%

Participation rate

84.2%

64.5%+19.8pp

82.6%+1.6pp

71.3%+12.9pp

Annual return

21.36%

30.36%-9.0pp

802.97%-781.6pp

378.56%-357.2pp

Employer contribution / active EE

$868

$1,636-46.9%

$5,144-83.1%

$2,148-59.6%

Participant deferral / active EE

$1,687

$2,145-21.3%

$5,198-67.5%

$3,539-52.3%

Admin fee / account holder

$65

$167-60.7%

$13,955-99.5%

$142-54.0%

Provider

Service type

Compensation

SEABRIDGE WEALTH MANAGEMENT LLC1 year

Filed as: SEABRIDGE WEALTH MANAGEMENT

Service code 55 · EIN 45-2514987

Other Commissions

$47,769

VOYA RETIREMENT INSURANCE & ANNUITY4 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$4,300

MENTAL HEALTH CARE, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MENTAL HEALTH CARE, INC. 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