Retirement plan

AMEN CLINICS, INC. 401(K) PLAN

Name: AMEN CLINICS, INC. - AMEN CLINICS, INC. 401(K) PLAN (2024) Form 5500
Creator: AMEN CLINICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMEN CLINICS, INC. 401(K) PLAN, AMEN CLINICS, INC.

AMEN CLINICS, INC.EIN 91-2055998Plan #001PY 2024

959 SOUTH COAST DRIVE, STE 100 - COSTA MESA, CA 92626949-266-3700amenclinics.comLinkedIn201-500 employeesmental health care

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$7M

+30.6% from 2023

Total participants

432

+13.1% from 2023

Average account balance

$20,090

+13.4% from 2023

Annual return

17.67%

-9.57 pp from 2023

Benchmarks

See 4,141 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,141 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$7.01M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

349

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.

74.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+17.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10-year trajectory. $4.99 for your first month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
BALDWIN & BALDWIN PLLC1 year Filed as: THE BALDWIN GROUP WEALTH ADV LLC Service code 27 · EIN 47-5476782 2050 MAIN STREET SUITE 510 · IRVINE, CA 92614	Advisory (Plan)	$28,809
HICKS PENSION SERVICES3 years Service code 13 · EIN 94-2158860 3459 W SHAW AVENUE · FRESNO, CA 93711	Contract Administrator	$5,607
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP Service code 28 LLC · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,545
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 OF AMERICA · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,804

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$3K

$8 / participant

Recordkeeping$3K100.0%

% of EOY assets

0.038%

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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,090

$50,815-60.5%

$155,509-87.1%

$77,643-74.1%

Participation rate

74.0%

63.1%+10.9pp

78.2%-4.2pp

70.6%+3.4pp

Annual return

17.67%

34.80%-17.1pp

64.67%-47.0pp

31.24%-13.6pp

Employer contribution / active EE

$390

$1,993-80.4%

$4,672-91.6%

$2,726-85.7%

Participant deferral / active EE

$2,792

$2,822-1.1%

$5,626-50.4%

$4,647-39.9%

Admin fee / account holder

$437-98.3%

$15,912-100.0%

$430-98.2%

Provider

Service type

Compensation

BALDWIN & BALDWIN PLLC1 year

Filed as: THE BALDWIN GROUP WEALTH ADV LLC

Service code 27 · EIN 47-5476782

2050 MAIN STREET SUITE 510 · IRVINE, CA 92614

Advisory (Plan)

$28,809

HICKS PENSION SERVICES3 years

Service code 13 · EIN 94-2158860

3459 W SHAW AVENUE · FRESNO, CA 93711

Contract Administrator

$5,607

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP

Service code 28

LLC · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,545

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

OF AMERICA · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,804

AMEN CLINICS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMEN CLINICS, INC. 401(K) 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