Retirement plan

HRC FERTILITY MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Name: HRC FERTILITY MANAGEMENT, LLC - HRC FERTILITY MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: HRC FERTILITY MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HRC FERTILITY MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN, HRC FERTILITY MANAGEMENT, LLC

HRC FERTILITY MANAGEMENT, LLCEIN 81-0799481Plan #001PY 2022

135 S. ROSEMEAD BLVD. - PASADENA, CA 91107626-440-9161havingbabies.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$24.2M

-12.1% from 2021

Total participants

362

0.0% from 2021

Average account balance

$69,011

-12.1% from 2021

Annual return

-15.64%

-28.46 pp from 2021

Benchmarks

See 5,354 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,354 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$31.92M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

297

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.

89.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$488

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

See the 9-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907	Recordkeeping Fees	$57,360
SAGEVIEW ADVISORY GROUP, LLC1 year Service code 27 1920 MAIN STREET STE 800 · IRVINE, CA 92614	Advisory (Plan)	$32,047
PENSIONMARK FINANCIAL GROUP LLC6 years Service code 27 24 E COTA ST STE 200 · SATNA BARBARA, CA 93101	Advisory (Plan)	$13,653
ASCENSUS LLC2 years Filed as: FUTUREPLAN BY ASCENSUS - KRAVITZ Service code 13 · EIN 95-3207191	Contract Administrator	$10,000

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3B3D3H

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$149K

$849 / participant

Investment mgmt$46K30.6%
Other / not subdivided$104K69.4%

% of EOY assets

0.617%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: HOLTHOUSE CARLIN & VAN TRIGT
Auditor EIN: 954345526
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,011

$65,061+6.1%

$143,757-52.0%

$66,914+3.1%

Participation rate

93.8%

65.2%+28.6pp

80.3%+13.4pp

69.8%+23.9pp

Annual return

-15.64%

-11.14%-4.5pp

-0.04%-15.6pp

1.58%-17.2pp

Employer contribution / active EE

$6,318

$2,361+167.6%

$4,951+27.6%

$2,544+148.3%

Participant deferral / active EE

$6,281

$2,919+115.2%

$5,637+11.4%

$4,237+48.2%

Admin fee / account holder

$426

$502-15.2%

$14,673-97.1%

$593-28.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$57,360

SAGEVIEW ADVISORY GROUP, LLC1 year

Service code 27

1920 MAIN STREET STE 800 · IRVINE, CA 92614

Advisory (Plan)

$32,047

PENSIONMARK FINANCIAL GROUP LLC6 years

Service code 27

24 E COTA ST STE 200 · SATNA BARBARA, CA 93101

Advisory (Plan)

$13,653

ASCENSUS LLC2 years

Filed as: FUTUREPLAN BY ASCENSUS - KRAVITZ

Service code 13 · EIN 95-3207191

Contract Administrator

$10,000

HRC FERTILITY MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HRC FERTILITY MANAGEMENT, 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