Retirement plan

CAREPOINT HEALTH, LLC 401(K) PROFIT SHARING PLAN

Name: CAREPOINT HEALTH, LLC - CAREPOINT HEALTH, LLC 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: CAREPOINT HEALTH, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAREPOINT HEALTH, LLC 401(K) PROFIT SHARING PLAN, CAREPOINT HEALTH, LLC

CAREPOINT HEALTH, LLCEIN 83-1024601Plan #002PY 2019

5600 S QUEBEC ST #312A - GREENWOOD VILLAGE, CO 80111303-436-2727

Other plans on this EIN

1 filing

#003Retirement-$2.8M assets

Prospect flagsHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$215.3M

-11.9% from 2020

Total participants

836

-10.6% from 2020

Average account balance

$284,792

-6.1% from 2020

Annual return

99.47%

+86.61 pp from 2020

Benchmarks

See 3,877 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,877 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$372.13M

Not enough data

1 years with asset history on file

Average account balance

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

$407K

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.

915

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.

83.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+18.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$471

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 6 by compensation

Provider	Service type	Compensation
UMA FINANCIAL SERVICES INC1+ years Service code 26 · EIN 87-0513295	Advisory (Participants)	$52,406
PRUDENT MAN INVESTMENT MANAGEM1+ years Filed as: PRUDENT MAN INVESTMENT MGMT Service code 26 · EIN 84-1100775	Advisory (Participants)	$22,550
WEALTHSOURCE PARTNERS LLC1+ years Service code 26 · EIN 37-1797345	Advisory (Participants)	$18,725
CHERRY CREEK INVESTMENT ADV1+ years Service code 26 · EIN 84-1279374	Advisory (Participants)	$14,046
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHALES SCHWAB & CO. INC Service code 19 · EIN 94-1737782	Securities Custodian	$12,328
NWPS1+ years Service code 13 · EIN 91-2090931	Contract Administrator	$8,392

Plan features & details

Pension benefit codes2A2E2J2F2G2R3D3H2T3B

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

3 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$127K

$187 / participant

Contract admin$8K6.6%
Other / not subdivided$119K93.4%

% of EOY assets

0.059%

all-in expense ratio

Categories reported

1 / 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: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$284,792

$62,941+352.5%

$172,757+64.9%

$67,584+321.4%

Participation rate

88.2%

64.5%+23.8pp

82.6%+5.6pp

71.3%+17.0pp

Annual return

99.47%

30.36%+69.1pp

803.06%-703.6pp

378.59%-279.1pp

Employer contribution / active EE

$11,591

$1,636+608.3%

$5,144+125.3%

$2,148+439.6%

Participant deferral / active EE

$11,312

$2,145+427.3%

$5,198+117.6%

$3,540+219.6%

Admin fee / account holder

$169

$167+1.2%

$13,956-98.8%

$142+18.5%

Provider

Service type

Compensation

UMA FINANCIAL SERVICES INC1+ years

Service code 26 · EIN 87-0513295

Advisory (Participants)

$52,406

PRUDENT MAN INVESTMENT MANAGEM1+ years

Filed as: PRUDENT MAN INVESTMENT MGMT

Service code 26 · EIN 84-1100775

Advisory (Participants)

$22,550

WEALTHSOURCE PARTNERS LLC1+ years

Service code 26 · EIN 37-1797345

Advisory (Participants)

$18,725

CHERRY CREEK INVESTMENT ADV1+ years

Service code 26 · EIN 84-1279374

Advisory (Participants)

$14,046

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHALES SCHWAB & CO. INC

Service code 19 · EIN 94-1737782

Securities Custodian

$12,328

NWPS1+ years

Service code 13 · EIN 91-2090931

Contract Administrator

$8,392

CAREPOINT HEALTH, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAREPOINT HEALTH, 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