Retirement plan

AKESO MEDICAL RETIREMENT PLAN

Name: KAIN AKESO MEDICAL HOLDINGS, LLC - AKESO MEDICAL RETIREMENT PLAN (2024) Form 5500
Creator: KAIN AKESO MEDICAL HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AKESO MEDICAL RETIREMENT PLAN, KAIN AKESO MEDICAL HOLDINGS, LLC

KAIN AKESO MEDICAL HOLDINGS, LLCEIN 84-4210914Plan #001PY 2024

7700 IRVINE CENTER DRIVE, STE. 870 - IRVINE, CA 92618949-334-4739

Prospect flagsLow participationLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.4M

+33.7% from 2023

Total participants

364

-9.2% from 2023

Average account balance

$49,894

+18.1% from 2023

Annual return

16.56%

-56.69 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.43M

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.

189

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.

47.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146

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
ALLIANCE BENEFIT GROUP2 years Filed as: ABG CONSULTANTS Service code 27 · EIN 20-0828323	Advisory (Plan)	$22,077
PCS RETIREMENT, LLC2 years Filed as: PCS RETIREMENT LLC Service code 13 · EIN 23-3038464	Contract Administrator	$6,865

Plan features & details

Pension benefit codes2A2E2J2F2G3D3B

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.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$28K

$83 / participant

Contract admin$28K100.0%

% of EOY assets

0.292%

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: JMIC CPA PARTNERS, LLP
Auditor EIN: 332235340
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,894

$50,902-2.0%

$155,534-67.9%

$77,736-35.8%

Participation rate

47.0%

63.1%-16.1pp

78.2%-31.2pp

70.6%-23.6pp

Annual return

16.56%

34.85%-18.3pp

64.92%-48.4pp

31.26%-14.7pp

Employer contribution / active EE

$1,255

$1,991-37.0%

$4,675-73.2%

$2,728-54.0%

Participant deferral / active EE

$3,957

$2,824+40.1%

$5,630-29.7%

$4,651-14.9%

Admin fee / account holder

$146

$437-66.7%

$15,900-99.1%

$433-66.4%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP2 years

Filed as: ABG CONSULTANTS

Service code 27 · EIN 20-0828323

Advisory (Plan)

$22,077

PCS RETIREMENT, LLC2 years

Filed as: PCS RETIREMENT LLC

Service code 13 · EIN 23-3038464

Contract Administrator

$6,865

AKESO MEDICAL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AKESO MEDICAL RETIREMENT 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