Retirement plan

AMERICAN FAMILY CARE SAVINGS PLAN

Name: AMERICAN FAMILY CARE, INC. - AMERICAN FAMILY CARE SAVINGS PLAN (2024) Form 5500
Creator: AMERICAN FAMILY CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN FAMILY CARE SAVINGS PLAN, AMERICAN FAMILY CARE, INC.

AMERICAN FAMILY CARE, INC.EIN 63-0825248Plan #001PY 2024

3700 CAHABA BEACH ROAD - BIRMINGHAM, AL 35242205-421-2097americanfamilycare.comLinkedIn1001-5000 employeesmedical practice

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$22.7M

+14.0% from 2023

Total participants

1,792

+12.0% from 2023

Average account balance

$18,546

+12.3% from 2023

Annual return

11.88%

-4.35 pp from 2023

Benchmarks

See 1,431 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,431 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.70M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

1,224

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.

53.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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.6 years Service code 15 · EIN 23-1945930	Recordkeeping	$133,640
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING. Service code 27 5454 W 110TH STREET · OVERLAND PARK, KS 66211	Advisory (Plan)	$55,168
ACG ADVISORY SERVICES6 years Filed as: ACG WEALTH Service code 27 · EIN 22-3857582	Advisory (Plan)	$12,218

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T

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 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$201K

$165 / participant

Investment mgmt$67K33.5%
Contract admin$134K66.5%

% of EOY assets

0.886%

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: PEARCE, BEVILL, LEESBURG, MOORE, PC
Auditor EIN: 630813240
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,546

$53,216-65.2%

$155,534-88.1%

$199,960-90.7%

Participation rate

53.3%

64.1%-10.8pp

78.2%-24.9pp

72.0%-18.7pp

Annual return

11.88%

41.18%-29.3pp

64.92%-53.0pp

34.28%-22.4pp

Employer contribution / active EE

$216

$1,848-88.3%

$4,675-95.4%

$3,036-92.9%

Participant deferral / active EE

$1,856

$3,164-41.3%

$5,630-67.0%

$5,087-63.5%

Admin fee / account holder

$164

$186-11.6%

$15,900-99.0%

$269-39.0%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.6 years

Service code 15 · EIN 23-1945930

Recordkeeping

$133,640

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING.

Service code 27

5454 W 110TH STREET · OVERLAND PARK, KS 66211

Advisory (Plan)

$55,168

ACG ADVISORY SERVICES6 years

Filed as: ACG WEALTH

Service code 27 · EIN 22-3857582

Advisory (Plan)

$12,218

AMERICAN FAMILY CARE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN FAMILY CARE 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