Retirement plan

MEDICAL REHABILITATION CENTERS, LLC 401K PROFIT SHARING PLAN

Name: MEDICAL REHABILITATION CENTERS, LLC - MEDICAL REHABILITATION CENTERS, LLC 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: MEDICAL REHABILITATION CENTERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL REHABILITATION CENTERS, LLC 401K PROFIT SHARING PLAN, MEDICAL REHABILITATION CENTERS, LLC

MEDICAL REHABILITATION CENTERS, LLCEIN 61-1223991Plan #001PY 2024

1050 CHINOE ROAD, SUITE 350 - LEXINGTON, KY 40502859-255-0075medicalrehab.comLinkedIn1-10 employeesmedical practice

Prospect flagsLow returnsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$18.4M

+16.9% from 2023

Total participants

2,177

-4.9% from 2023

Average account balance

$9,191

+10.7% from 2023

Annual return

11.20%

-10.23 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.44M

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

2,006

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.

81.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.63M

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

+11.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61

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 5 by compensation

Provider	Service type	Compensation
CENTRAL BANK & TRUST CO.4 years Filed as: CENTRAL BANK & TRUST COMPANY Service code 99 · EIN 61-0153605	Other Fees	$41,258
SALTMARSH, CLEVELAND & GUND2 years Filed as: SALTMARSH CLEAVELAND AND GUND Service code 99 · EIN 59-2922169	Other Fees	$19,200
MCGREGOR & ASSOCIATES, INC.3 years Filed as: MCGREGOR & ASSOC INC Service code 49	Other Services	$8,554
MCGREGOR & ASSOCIATES, INC.3 years Filed as: MCGREGOR AND ASSOCIATES Service code 49 · EIN 61-0153605	Other Services	$8,189
VOYA RETIREMENT INSURANCE & ANNUITY9 years Filed as: VOYA RETIREMENT AND ANNUITY CO Service code 64 · EIN 71-0294708	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D2T

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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$123K

$134 / participant

Recordkeeping$123K100.0%

% of EOY assets

0.666%

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: SALTMARSH CPAS, INC.
Auditor EIN: 592922169
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,191

$50,902-81.9%

$155,534-94.1%

$77,736-88.2%

Participation rate

81.4%

63.1%+18.3pp

78.2%+3.1pp

70.6%+10.8pp

Annual return

11.20%

34.85%-23.6pp

64.92%-53.7pp

31.26%-20.1pp

Employer contribution / active EE

$1,760

$1,991-11.6%

$4,675-62.3%

$2,728-35.5%

Participant deferral / active EE

$3,288

$2,824+16.4%

$5,630-41.6%

$4,651-29.3%

Admin fee / account holder

$61

$437-86.0%

$15,900-99.6%

$433-85.9%

Provider

Service type

Compensation

CENTRAL BANK & TRUST CO.4 years

Filed as: CENTRAL BANK & TRUST COMPANY

Service code 99 · EIN 61-0153605

Other Fees

$41,258

SALTMARSH, CLEVELAND & GUND2 years

Filed as: SALTMARSH CLEAVELAND AND GUND

Service code 99 · EIN 59-2922169

Other Fees

$19,200

MCGREGOR & ASSOCIATES, INC.3 years

Filed as: MCGREGOR & ASSOC INC

Service code 49

Other Services

$8,554

MCGREGOR & ASSOCIATES, INC.3 years

Filed as: MCGREGOR AND ASSOCIATES

Service code 49 · EIN 61-0153605

Other Services

$8,189

VOYA RETIREMENT INSURANCE & ANNUITY9 years

Filed as: VOYA RETIREMENT AND ANNUITY CO

Service code 64 · EIN 71-0294708

Recordkeeping Fees

MEDICAL REHABILITATION CENTERS, LLC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL REHABILITATION CENTERS, LLC 401K 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