Retirement plan

OPUSCARE MANAGEMENT LLC 401(K) SAFE HARBOR PLAN

Name: OPUSCARE MANAGEMENT LLC - OPUSCARE MANAGEMENT LLC 401(K) SAFE HARBOR PLAN (2023) Form 5500
Creator: OPUSCARE MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPUSCARE MANAGEMENT LLC 401(K) SAFE HARBOR PLAN, OPUSCARE MANAGEMENT LLC

OPUSCARE MANAGEMENT LLCEIN 81-4278711Plan #002PY 2023

1150 NW 72ND AVE, PH SUITE - MIAMI, FL 331261929305-591-1606

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$4.7M

+27.6% from 2022

Total participants

468

+21.6% from 2022

Average account balance

$28,919

+18.9% from 2022

Annual return

12.50%

+27.46 pp from 2022

Benchmarks

See 4,041 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,041 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.15M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

168

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.

17.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$776K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$49

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 2 by compensation

Provider	Service type	Compensation
NATIONWIDE5 years Service code 13 · EIN 31-4156830	Contract Administrator	$36,121
FIRST HORIZON ADVISORS INC2 years Filed as: FIRST HORIZON ADVISORS Service code 26 165 MADISON AVE 14TH FL · MEMPHIS, TN 38103	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3B3H

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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

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: PUERTTO RENFROW
Auditor EIN: 475335349
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,919

$47,135-38.6%

$149,717-80.7%

$74,440-61.2%

Participation rate

25.2%

63.4%-38.2pp

78.8%-53.6pp

70.7%-45.6pp

Annual return

12.50%

22.75%-10.3pp

134.41%-121.9pp

34.37%-21.9pp

Employer contribution / active EE

$608

$1,906-68.1%

$4,820-87.4%

$2,638-76.9%

Participant deferral / active EE

$1,042

$2,728-61.8%

$5,682-81.7%

$4,529-77.0%

Admin fee / account holder

$343-100.0%

$13,213-100.0%

$348-100.0%

Provider

Service type

Compensation

NATIONWIDE5 years

Service code 13 · EIN 31-4156830

Contract Administrator

$36,121

FIRST HORIZON ADVISORS INC2 years

Filed as: FIRST HORIZON ADVISORS

Service code 26

165 MADISON AVE 14TH FL · MEMPHIS, TN 38103

Advisory (Participants)

OPUSCARE MANAGEMENT LLC 401(K) SAFE HARBOR PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

OPUSCARE MANAGEMENT LLC 401(K) SAFE HARBOR PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion