Retirement plan

QUALITY OF LIFE HEALTH SERVICES, INC. 401(K) PLAN

Name: QUALITY OF LIFE HEALTH SERVICES, INC. - QUALITY OF LIFE HEALTH SERVICES, INC. 401(K) PLAN (2015) Form 5500
Creator: QUALITY OF LIFE HEALTH SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUALITY OF LIFE HEALTH SERVICES, INC. 401(K) PLAN, QUALITY OF LIFE HEALTH SERVICES, INC.

QUALITY OF LIFE HEALTH SERVICES, INC.EIN 63-0727804Plan #002PY 2015

1411 PIEDMONT CUTOFF ROAD - GADSDEN, AL 359032708256-439-6334qolhs.orgLinkedIn201-500 employeesmedical practice

Prospect flagsLow assets / participantLow fidelity bondFailed to transmit contributions

Top hat statement on fileNQDC

Filed March 17, 2016 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$4.3M

No prior year

Total participants

392

No prior year

Average account balance

$11,405

No prior year

Annual return

5.05%

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

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$10.69M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

234

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

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

+14.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$255

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
KELKER III, LOUIS P.1+ years Service code 49 3500 BLUE LAKE DR · VESTAVIA, AL 352431998	Other Services	$20,812
LEWIS RICE LLC1+ years Filed as: LEWIS, CHRISTOPHER A. Service code 49 3500 BLUE LAKE DR · VESTAVIA, AL 352431998	Other Services	$20,812
PAYCHEX, INC.1+ years Filed as: PAYCHEX Service code 15 · EIN 16-1124166	Recordkeeping	$13,495
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$11,585
WILSHIRE ASSOCIATES INCORPORATED1+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$25K

$69 / participant

Contract admin$25K100.0%

% of EOY assets

0.585%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BARFIELD MURPHY SHANK & SMITH, LLC
Auditor EIN: 461498870
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,405

$37,117-69.3%

$147,614-92.3%

$55,191-79.3%

Participation rate

95.6%

63.6%+32.0pp

84.6%+11.0pp

69.2%+26.5pp

Annual return

5.05%

3.44%+1.6pp

61.98%-56.9pp

10.78%-5.7pp

Employer contribution / active EE

$1,017

$1,620-37.2%

$5,564-81.7%

$1,899-46.4%

Participant deferral / active EE

$1,564

$1,985-21.2%

$4,895-68.0%

$3,046-48.7%

Admin fee / account holder

$67

$86-22.0%

$11,611-99.4%

$91-26.5%

Provider

Service type

Compensation

KELKER III, LOUIS P.1+ years

Service code 49

3500 BLUE LAKE DR · VESTAVIA, AL 352431998

Other Services

$20,812

LEWIS RICE LLC1+ years

Filed as: LEWIS, CHRISTOPHER A.

Service code 49

3500 BLUE LAKE DR · VESTAVIA, AL 352431998

Other Services

$20,812

PAYCHEX, INC.1+ years

Filed as: PAYCHEX

Service code 15 · EIN 16-1124166

Recordkeeping

$13,495

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$11,585

WILSHIRE ASSOCIATES INCORPORATED1+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

QUALITY OF LIFE HEALTH SERVICES, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUALITY OF LIFE HEALTH SERVICES, INC. 401(K) PLAN

Top hat statement on fileNQDC

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