Retirement plan

ENGAGEMED 401(K) PLAN

Name: ENGAGEMED, INC. - ENGAGEMED 401(K) PLAN (2021) Form 5500
Creator: ENGAGEMED, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENGAGEMED 401(K) PLAN, ENGAGEMED, INC.

ENGAGEMED, INC.EIN 71-0765533Plan #001PY 2021

5125 NORTHSHORE DRIVE - NORTH LITTLE ROCK, AR 72118501-224-1690engagemed.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$37.7M

+29.3% from 2020

Total participants

1,181

-8.7% from 2020

Average account balance

$35,430

+8.6% from 2020

Annual return

21.28%

+3.20 pp from 2020

Benchmarks

See 813 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort813 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.22M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

1,200

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.

98.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+16.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$90,815
ADP BROKER-DEALER6 years Filed as: PENSION CONSULTANTS, INC. Service code 27 300 SOUTH CAMPBELL AVENUE · SPRINGFIELD, MO 65806	Advisory (Plan)	$38,805
HCJ CPAS & ADVISORS PLLC2 years Service code 10 · EIN 71-0650689	Accounting	$13,495

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$143K

$136 / participant

Investment mgmt$106K74.3%
Contract admin$23K16.3%
Other / not subdivided$13K9.4%

% of EOY assets

0.380%

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: HCJ CPAS & ADVISORS PLLC
Auditor EIN: 710650689
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,430

$120,450-70.6%

$159,474-77.8%

$93,010-61.9%

Participation rate

88.9%

78.0%+10.9pp

82.8%+6.0pp

73.9%+15.0pp

Annual return

21.28%

27.11%-5.8pp

263.68%-242.4pp

158.70%-137.4pp

Employer contribution / active EE

$2,092

$3,526-40.7%

$4,831-56.7%

$2,705-22.7%

Participant deferral / active EE

$2,019

$7,283-72.3%

$7,353-72.5%

$4,561-55.7%

Admin fee / account holder

$135

$137-1.6%

$10,802-98.8%

$152-11.3%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$90,815

ADP BROKER-DEALER6 years

Filed as: PENSION CONSULTANTS, INC.

Service code 27

300 SOUTH CAMPBELL AVENUE · SPRINGFIELD, MO 65806

Advisory (Plan)

$38,805

HCJ CPAS & ADVISORS PLLC2 years

Service code 10 · EIN 71-0650689

Accounting

$13,495

ENGAGEMED 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENGAGEMED 401(K) 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