Retirement plan

DOVE HEALTHCARE OF EAU CLAIRE 401(K) SAVINGS PLAN

Name: COVENANT HEALTHCARE,LLC - DOVE HEALTHCARE OF EAU CLAIRE 401(K) SAVINGS PLAN (2020) Form 5500
Creator: COVENANT HEALTHCARE,LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DOVE HEALTHCARE OF EAU CLAIRE 401(K) SAVINGS PLAN, COVENANT HEALTHCARE,LLC

COVENANT HEALTHCARE,LLCEIN 62-1661592Plan #001PY 2020

1405 TRUAX BOULEVARD - EAU CLAIRE, WI 547031474715-720-2283

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$10.1M

+16.9% from 2019

Total participants

482

-22.9% from 2019

Average account balance

$36,620

+38.4% from 2019

Annual return

16.30%

-6.92 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.92M

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.

347

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.

15.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$917

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

+14.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$187

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
THE VANGUARD GROUP, INC.3 years Service code 15 · EIN 23-1945930	Recordkeeping	$26,345
401K INVESTMENT PROF.3 years Service code 27 · EIN 81-1279447	Advisory (Plan)	$20,551
MEICHER & ASSOCIATES3 years Filed as: MEICHER CPAS Service code 10 2349 DEMING WAY · MIDDLETON, WI 53562	Accounting	$10,000

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T3H

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.
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

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

$52K

$129 / participant

Investment mgmt$21K39.7%
Contract admin$21K41.0%
Other / not subdivided$10K19.3%

% of EOY assets

0.511%

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: WIPFLI
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,620

$52,293-30.0%

$178,503-79.5%

$73,412-50.1%

Participation rate

49.1%

65.3%-16.2pp

81.9%-32.8pp

72.2%-23.0pp

Annual return

16.30%

34.75%-18.5pp

151.12%-134.8pp

59.30%-43.0pp

Employer contribution / active EE

$583

$1,736-66.4%

$5,011-88.4%

$2,234-73.9%

Participant deferral / active EE

$1,521

$2,333-34.8%

$5,202-70.8%

$3,806-60.0%

Admin fee / account holder

$187

$127+46.8%

$13,987-98.7%

$158+18.4%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3 years

Service code 15 · EIN 23-1945930

Recordkeeping

$26,345

401K INVESTMENT PROF.3 years

Service code 27 · EIN 81-1279447

Advisory (Plan)

$20,551

MEICHER & ASSOCIATES3 years

Filed as: MEICHER CPAS

Service code 10

2349 DEMING WAY · MIDDLETON, WI 53562

Accounting

$10,000

DOVE HEALTHCARE OF EAU CLAIRE 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DOVE HEALTHCARE OF EAU CLAIRE 401(K) SAVINGS 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