Retirement plan

GREAT HEALTHWORKS, INC. 401(K) RETIREMENT PLAN

Name: GREAT HEALTHWORKS, INC. - GREAT HEALTHWORKS, INC. 401(K) RETIREMENT PLAN (2018) Form 5500
Creator: GREAT HEALTHWORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREAT HEALTHWORKS, INC. 401(K) RETIREMENT PLAN, GREAT HEALTHWORKS, INC.

GREAT HEALTHWORKS, INC.EIN 68-0574987Plan #001PY 2018

4150 SW 28TH WAY - FORT LAUDERDALE, FL 33312954-744-7400greathealthworks.comLinkedIn201-500 employeeshealth, wellness and fitness

Prospect flagsLow participationLow assets / participantLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4M

+13.4% from 2017

Total participants

402

-14.5% from 2017

Average account balance

$14,399

+8.9% from 2017

Annual return

-0.86%

-25.70 pp from 2017

Benchmarks

See 1,272 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,272 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.56M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

269

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.

76.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.02%

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

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Service providers

Top 10 of 22 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$30,799
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Service code 49 · EIN 04-1590850	Other Services	$17,534
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399	Recordkeeping	$14,254
FIRST PARTY ADMINISTRATOR, LLC3 years Service code 15 · EIN 46-2023154	Recordkeeping	$2,900
MESIROW FINANCIAL INVESTMENT MANAGE4+ years Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$341
AB FUNDS1 year Service code 52 · EIN 13-4071393	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
DAVIS1 year Service code 52 · EIN 36-2926440	Indirect Investment Fees	$0
HARRIS1 year Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2A2F2G2K3D3H2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$66K

$179 / participant

Investment mgmt$41K62.9%
Contract admin$24K36.9%
Other / not subdivided$1250.2%

% of EOY assets

1.644%

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: MARCUM LLP
Auditor EIN: 111986323
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,399

$35,485-59.4%

$74,551-80.7%

$55,725-74.2%

Participation rate

66.3%

62.5%+3.8pp

69.1%-2.8pp

70.9%-4.6pp

Annual return

-0.86%

0.72%-1.6pp

32.53%-33.4pp

244.93%-245.8pp

Employer contribution / active EE

$1,346

$777+73.1%

$1,961-31.4%

$2,078-35.2%

Participant deferral / active EE

$2,228

$2,181+2.2%

$3,108-28.3%

$3,356-33.6%

Admin fee / account holder

$237

$114+107.0%

$5,059-95.3%

$115+105.5%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$30,799

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Service code 49 · EIN 04-1590850

Other Services

$17,534

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA FINANCIAL LIFE INS CO

Service code 15 · EIN 36-6071399

Recordkeeping

$14,254

FIRST PARTY ADMINISTRATOR, LLC3 years

Service code 15 · EIN 46-2023154

Recordkeeping

$2,900

MESIROW FINANCIAL INVESTMENT MANAGE4+ years

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$341

AB FUNDS1 year

Service code 52 · EIN 13-4071393

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 51-0318674

Indirect Investment Fees

DAVIS1 year

Service code 52 · EIN 36-2926440

Indirect Investment Fees

HARRIS1 year

Service code 52 · EIN 52-2257782

Indirect Investment Fees

GREAT HEALTHWORKS, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREAT HEALTHWORKS, INC. 401(K) RETIREMENT 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