Retirement plan

LINCARE EMPLOYEES' 401(K) PLAN

Name: LINCARE INC. - LINCARE EMPLOYEES' 401(K) PLAN (2023) Form 5500
Creator: LINCARE INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LINCARE EMPLOYEES' 401(K) PLAN, LINCARE INC.

LINCARE INC.EIN 59-2852900Plan #001PY 2023

19387 U.S. HIGHWAY 19 NORTH - CLEARWATER, FL 33764727-431-8221lincare.comLinkedIn10001+ employeeshospital & health care

Prospect flagsFailed to provide benefit

How to read this page

Total assets (EOY)

$436.9M

-15.4% from 2016

Total participants

13,867

+0.1% from 2016

Average account balance

$32,712

-13.5% from 2016

Annual return

16.59%

-21.03 pp from 2016

Benchmarks

See 255 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort255 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$469.78M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

12,708

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.

89.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$45

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 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$446,126
SAGEVIEW ADVISORY GROUP, LLC4 years Filed as: SAGEVIEW ADVISORY GROUP LLC Service code 16 · EIN 33-0818667	Consulting	$105,000
LBMC, PC4 years Service code 10 · EIN 62-1199757	Accounting	$11,700
WEALTH MANAGEMENT SYSTEMS INC3 years Service code 49 · EIN 22-3734996	Other Services	$0

Plan features & details

Pension benefit codes2T3H2E2G2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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 provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$563K

$55 / participant

Recordkeeping$445K79.1%
Contract admin$9000.2%
Other / not subdivided$117K20.7%

% of EOY assets

0.129%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LBMC, PC.
Auditor EIN: 621199757
Audit fees: $11,700
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,712

$68,330-52.1%

$149,740-78.2%

$96,393-66.1%

Participation rate

95.0%

74.6%+20.4pp

78.8%+16.2pp

71.3%+23.7pp

Annual return

16.59%

29.64%-13.0pp

134.51%-117.9pp

22.88%-6.3pp

Employer contribution / active EE

$1,376

$2,139-35.7%

$4,821-71.5%

$3,239-57.5%

Participant deferral / active EE

$2,903

$4,422-34.3%

$5,683-48.9%

$5,455-46.8%

Admin fee / account holder

$42

$52-18.9%

$13,222-99.7%

$74-43.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$446,126

SAGEVIEW ADVISORY GROUP, LLC4 years

Filed as: SAGEVIEW ADVISORY GROUP LLC

Service code 16 · EIN 33-0818667

Consulting

$105,000

LBMC, PC4 years

Service code 10 · EIN 62-1199757

Accounting

$11,700

WEALTH MANAGEMENT SYSTEMS INC3 years

Service code 49 · EIN 22-3734996

Other Services

LINCARE EMPLOYEES' 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LINCARE EMPLOYEES' 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