Retirement plan

INDEPENDENT HEALTHCARE PROPERTIES, LLC 401K PROFIT SHARING PLAN

Name: INDEPENDENT HEALTHCARE PROPERTIES, LLC - INDEPENDENT HEALTHCARE PROPERTIES, LLC 401K PROFIT SHARING PLAN (2015) Form 5500
Creator: INDEPENDENT HEALTHCARE PROPERTIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDEPENDENT HEALTHCARE PROPERTIES, LLC 401K PROFIT SHARING PLAN, INDEPENDENT HEALTHCARE PROPERTIES, LLC

INDEPENDENT HEALTHCARE PROPERTIES, LLCEIN 62-1684247Plan #001PY 2015

PO BOX 813 - OOLTEWAH, TN 37363423-238-5330LinkedIn501-1000 employeesmedical practice

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$3.6M

No prior year

Total participants

521

No prior year

Average account balance

$13,069

No prior year

Annual return

-3.66%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.92M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

431

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.

12.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$641

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

+15.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$113

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
NATIONWIDE1+ years Service code 19 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Securities Custodian	$27,901
ERISA SERVICES, INC.1+ years Service code 13 · EIN 62-1200951	Contract Administrator	$3,669
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN CARROLL TURNER Service code 27 5121 OOLTEWAH RINGGOLD RD, SUITE D · OOLTEWAH, TN 37363	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R3B3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$32K

$69 / participant

Investment mgmt$28K88.4%
Contract admin$4K11.6%

% of EOY assets

0.875%

all-in expense ratio

Categories reported

2 / 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: JOHNSON, HICKEY & MURCHISON
Auditor EIN: 621046406
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,069

$37,117-64.8%

$147,618-91.1%

$55,191-76.3%

Participation rate

46.4%

63.6%-17.2pp

84.6%-38.2pp

69.2%-22.8pp

Annual return

-3.66%

3.44%-7.1pp

61.98%-65.6pp

10.78%-14.4pp

Employer contribution / active EE

$576

$1,620-64.5%

$5,565-89.7%

$1,899-69.7%

Participant deferral / active EE

$985

$1,985-50.4%

$4,895-79.9%

$3,046-67.7%

Admin fee / account holder

$114

$86+33.7%

$11,612-99.0%

$91+26.0%

Provider

Service type

Compensation

NATIONWIDE1+ years

Service code 19

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Securities Custodian

$27,901

ERISA SERVICES, INC.1+ years

Service code 13 · EIN 62-1200951

Contract Administrator

$3,669

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN CARROLL TURNER

Service code 27

5121 OOLTEWAH RINGGOLD RD, SUITE D · OOLTEWAH, TN 37363

Advisory (Plan)

INDEPENDENT HEALTHCARE PROPERTIES, LLC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDEPENDENT HEALTHCARE PROPERTIES, 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