Retirement plan

NURSECORE MANAGEMENT SERVICES, LLC. 401(K) PROFIT SHARING PLAN

Name: NURSECORE MANAGEMENT SERVICES, LLC - NURSECORE MANAGEMENT SERVICES, LLC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: NURSECORE MANAGEMENT SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NURSECORE MANAGEMENT SERVICES, LLC. 401(K) PROFIT SHARING PLAN, NURSECORE MANAGEMENT SERVICES, LLC

NURSECORE MANAGEMENT SERVICES, LLCEIN 75-2649689Plan #002PY 2021

2201 BROOKHOLLOW PLAZA DRIVE, SUITE 450 - ARLINGTON, TX 76006817-649-1166nursecore.netLinkedIn51-200 employees

Prospect flagsLow returnsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$1.9M

-5.1% from 2020

Total participants

226

-34.7% from 2020

Average account balance

$10,501

+57.9% from 2020

Annual return

11.77%

-5.06 pp from 2020

Benchmarks

See 1,089 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,089 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.24M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

166

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.

58.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$287K

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

+8.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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
TRANSAMERICA RETIREMENT SOLUTIONS4 years Service code 15 · EIN 13-3689044	Recordkeeping	$20,343
LPL FINANCIAL4 years Service code 22	Insurance Broker	$8,481
NOVA 401(K) ASSOCIATES4 years Filed as: NOVA 401 (K) ASSOCIATES Service code 15 · EIN 20-1181458	Recordkeeping	$5,275
LPL FINANCIAL4 years Filed as: LPL FINANCIAL CORPORATION Service code 22 · EIN 95-2834236 9785 TOWNE CENTRE DRIVE · SAN DIEGO, CA 92121	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$26K

$170 / participant

Contract admin$26K100.0%

% of EOY assets

1.340%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: J. BARRY KEVIL, CPA
Auditor EIN: 751662223
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,501

$79,694-86.8%

$96,192-89.1%

$79,389-86.8%

Participation rate

70.9%

54.0%+16.9pp

68.4%+2.4pp

70.7%+0.1pp

Annual return

11.77%

40.84%-29.1pp

192.09%-180.3pp

116.89%-105.1pp

Employer contribution / active EE

$257

$1,443-82.2%

$2,799-90.8%

$2,428-89.4%

Participant deferral / active EE

$1,768

$2,539-30.3%

$4,351-59.4%

$4,046-56.3%

Admin fee / account holder

$141

$630-77.7%

$5,539-97.5%

$626-77.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Service code 15 · EIN 13-3689044

Recordkeeping

$20,343

LPL FINANCIAL4 years

Service code 22

Insurance Broker

$8,481

NOVA 401(K) ASSOCIATES4 years

Filed as: NOVA 401 (K) ASSOCIATES

Service code 15 · EIN 20-1181458

Recordkeeping

$5,275

LPL FINANCIAL4 years

Filed as: LPL FINANCIAL CORPORATION

Service code 22 · EIN 95-2834236

9785 TOWNE CENTRE DRIVE · SAN DIEGO, CA 92121

Insurance Broker

NURSECORE MANAGEMENT SERVICES, LLC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NURSECORE MANAGEMENT SERVICES, LLC. 401(K) PROFIT SHARING 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