Retirement plan

TEXAS HEALTH CARE, P.L.L.C. 401(K) RETIREMENT PLAN

Name: TEXAS HEALTH CARE, P.L.L.C. - TEXAS HEALTH CARE, P.L.L.C. 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: TEXAS HEALTH CARE, P.L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEXAS HEALTH CARE, P.L.L.C. 401(K) RETIREMENT PLAN, TEXAS HEALTH CARE, P.L.L.C.

TEXAS HEALTH CARE, P.L.L.C.EIN 71-0892430Plan #001PY 2022

6000 WESTERN PLACE, SUITE 900 - FORT WORTH, TX 76107817-740-8406LinkedIn1-10 employeesmedical practice

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$81.1M

-12.4% from 2021

Total participants

1,222

+0.4% from 2021

Average account balance

$70,959

-19.7% from 2021

Annual return

-16.97%

-32.83 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

$110.16M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

1,192

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.

83.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$438

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 4 by compensation

Provider	Service type	Compensation
PRIME CAPITAL INVESTMENT ADVISORS5 years Service code 27 · EIN 82-1364595	Advisory (Plan)	$237,338
PRIME CAPITAL INVESTMENT ADVISORS4 years Filed as: PRIME PENSIONS, INC. Service code 13 25B VREELAND ROAD SUITE 209 · FLORHAM PARK, NJ 07932	Contract Administrator	$81,540
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$33,066
TAYLOR SECURITIES4 years Filed as: J TAYLOR & ASSOCIATES LLC Service code 10 4800 OVERTON PLAZA STE 360 · FORTH WORTH, TX 76109	Accounting	$6,400

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$365K

$350 / participant

Other / not subdivided$365K100.0%

% of EOY assets

0.450%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TAYLOR & ASSOCIATES, LLC
Auditor EIN: 752795393
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,959

$45,000+57.7%

$143,799-50.7%

$77,906-8.9%

Participation rate

92.4%

66.8%+25.6pp

80.3%+12.1pp

73.7%+18.7pp

Annual return

-16.97%

29.03%-46.0pp

-0.04%-16.9pp

12.16%-29.1pp

Employer contribution / active EE

$710

$1,870-62.0%

$4,952-85.7%

$2,846-75.1%

Participant deferral / active EE

$5,958

$3,157+88.8%

$5,638+5.7%

$4,805+24.0%

Admin fee / account holder

$319

$98+224.5%

$14,677-97.8%

$133+140.9%

Provider

Service type

Compensation

PRIME CAPITAL INVESTMENT ADVISORS5 years

Service code 27 · EIN 82-1364595

Advisory (Plan)

$237,338

PRIME CAPITAL INVESTMENT ADVISORS4 years

Filed as: PRIME PENSIONS, INC.

Service code 13

25B VREELAND ROAD SUITE 209 · FLORHAM PARK, NJ 07932

Contract Administrator

$81,540

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$33,066

TAYLOR SECURITIES4 years

Filed as: J TAYLOR & ASSOCIATES LLC

Service code 10

4800 OVERTON PLAZA STE 360 · FORTH WORTH, TX 76109

Accounting

$6,400

TEXAS HEALTH CARE, P.L.L.C. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEXAS HEALTH CARE, P.L.L.C. 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