Retirement plan

COMPASS HEALTH INC., 401K(K) PROFIT SHARING PLAN

Name: COMPASS HEALTH INC - COMPASS HEALTH INC., 401K(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: COMPASS HEALTH INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMPASS HEALTH INC., 401K(K) PROFIT SHARING PLAN, COMPASS HEALTH INC

COMPASS HEALTH INCEIN 77-0119862Plan #001PY 2015

200 S 13TH ST STE 208 - GROVER BEACH, CA 934332263805-474-7010

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$9.7M

No prior year

Total participants

1,012

No prior year

Average account balance

$19,680

No prior year

Annual return

-0.47%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.18M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

466

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.

41.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.52M

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

+11.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$270

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
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$34,501
GARCIA WEALTH MANAGEMENT GROUP1+ years Service code 27 · EIN 20-0797422	Advisory (Plan)	$18,116
FINANCIAL TELESIS1+ years Filed as: FINANCIAL TELESIS INC Service code 49 · EIN 68-0279977	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED1+ years Filed as: WILSHIRE ASSOCIATES INC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$35K

$38 / participant

Investment mgmt$32K92.5%
Contract admin$3K7.5%

% of EOY assets

0.356%

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: SETO KIRKAKOSIAN ACCOUNTANCY CORP
Auditor EIN: 263905429
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,680

$37,117-47.0%

$147,617-86.7%

$55,191-64.3%

Participation rate

42.3%

63.6%-21.3pp

84.6%-42.3pp

69.2%-26.8pp

Annual return

-0.47%

3.44%-3.9pp

61.98%-62.5pp

10.78%-11.3pp

Employer contribution / active EE

$206

$1,620-87.3%

$5,564-96.3%

$1,899-89.1%

Participant deferral / active EE

$1,031

$1,985-48.1%

$4,895-78.9%

$3,046-66.2%

Admin fee / account holder

$70

$86-18.2%

$11,612-99.4%

$91-22.9%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$34,501

GARCIA WEALTH MANAGEMENT GROUP1+ years

Service code 27 · EIN 20-0797422

Advisory (Plan)

$18,116

FINANCIAL TELESIS1+ years

Filed as: FINANCIAL TELESIS INC

Service code 49 · EIN 68-0279977

Other Services

WILSHIRE ASSOCIATES INCORPORATED1+ years

Filed as: WILSHIRE ASSOCIATES INC

Service code 27 · EIN 95-2755361

Advisory (Plan)

COMPASS HEALTH INC., 401K(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMPASS HEALTH INC., 401K(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