Retirement plan

TMC 401(K) RETIREMENT SAVINGS PLAN

Name: THERAPY MANAGEMENT CORPORATION - TMC 401(K) RETIREMENT SAVINGS PLAN (2022) Form 5500
Creator: THERAPY MANAGEMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TMC 401(K) RETIREMENT SAVINGS PLAN, THERAPY MANAGEMENT CORPORATION

THERAPY MANAGEMENT CORPORATIONEIN 65-1197416Plan #001PY 2022

8477 S. SUNCOAST BLVD. - HOMOSASSA, FL 34446352-382-1141

Prospect flagsLow returnsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$32.3M

-16.7% from 2021

Total participants

1,645

+2.6% from 2021

Average account balance

$20,867

-17.7% from 2021

Annual return

-19.13%

-36.26 pp from 2021

Benchmarks

See 1,377 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,377 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.55M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

1,904

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.

99.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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 6 by compensation

Provider	Service type	Compensation
AMERITAS LIFE INSURANCE CORP1 year Filed as: AMERITAS Service code 12 · EIN 47-0098400	Claims processing; Recordkeeping and ...	$92,249
FIDUCIARY CONSULTING GROUP7 years Filed as: FIDUCIARY CONSULTING GROUP, INC. Service code 12 · EIN 20-2807852	Claims processing; Named fiduciary; P...	$74,249
RSM US LLP1 year Service code 10 · EIN 42-0714325	Accounting	$47,245
FREEGULLIVER, LLC3 years Service code 26 · EIN 72-1498534 5500 LAUREL STREET · NEW ORLEANS, LA 70115	Advisory (Participants)	$33,749
IRON-CO-FID-COMPREHENSIVE3 years Filed as: IRON FIDUCIARY Service code 27 · EIN 43-1270780	Advisory (Plan)	$16,880
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$7,968

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D3H

Plan features

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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$272K

$197 / participant

Investment mgmt$51K18.6%
Contract admin$175K64.1%
Other / not subdivided$47K17.3%

% of EOY assets

0.842%

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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,867

$45,000-53.6%

$143,788-85.5%

$77,906-73.2%

Participation rate

93.1%

66.8%+26.3pp

80.3%+12.8pp

73.7%+19.4pp

Annual return

-19.13%

29.03%-48.2pp

-0.03%-19.1pp

12.16%-31.3pp

Employer contribution / active EE

$51

$1,870-97.3%

$4,952-99.0%

$2,846-98.2%

Participant deferral / active EE

$2,270

$3,157-28.1%

$5,638-59.7%

$4,805-52.8%

Admin fee / account holder

$176

$98+78.6%

$14,675-98.8%

$133+32.6%

Provider

Service type

Compensation

AMERITAS LIFE INSURANCE CORP1 year

Filed as: AMERITAS

Service code 12 · EIN 47-0098400

Claims processing; Recordkeeping and ...

$92,249

FIDUCIARY CONSULTING GROUP7 years

Filed as: FIDUCIARY CONSULTING GROUP, INC.

Service code 12 · EIN 20-2807852

Claims processing; Named fiduciary; P...

$74,249

RSM US LLP1 year

Service code 10 · EIN 42-0714325

Accounting

$47,245

FREEGULLIVER, LLC3 years

Service code 26 · EIN 72-1498534

5500 LAUREL STREET · NEW ORLEANS, LA 70115

Advisory (Participants)

$33,749

IRON-CO-FID-COMPREHENSIVE3 years

Filed as: IRON FIDUCIARY

Service code 27 · EIN 43-1270780

Advisory (Plan)

$16,880

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$7,968

TMC 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TMC 401(K) RETIREMENT 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