Retirement plan

FAMILYCARE, INC. 401(K) PROFIT SHARING PLAN

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

FAMILYCARE, INC.EIN 93-0878074Plan #001PY 2019

2121 SW BROADWAY, SUITE 115 - PORTLAND, OR 97201800-335-3205LinkedIn201-500 employeeshospital & health care

Prospect flagsHigh feesFailed to transmit contributionsWind-down / frozen

How to read this page

Total assets (EOY)

$3.2M

-22.6% from 2018

Total participants

-29.0% from 2018

Average account balance

$33,031

+8.9% from 2018

Annual return

16.26%

+20.47 pp from 2018

Benchmarks

See 104,301 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort104,301 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.02M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

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.

1333.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$115K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$38K

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

+9.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1063

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE5+ years Service code 17 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Pension Consulting	$29,177
PERKINS & CO1 year Filed as: PERKINS AND COMPANY Service code 10 · EIN 93-0928924 1211 SW 5TH AVENUE SUITE 1000 · PORTLAND, OR 972043710	Accounting	$13,304
PENSION PLAN SPECIALISTS, PC4 years Service code 17 · EIN 91-1889112 805 BROADWAY, SUITE 600 · VANCOUVER, WA 98660	Pension Consulting	$8,723

Plan features & details

Pension benefit codes3D2E2F2G2J2K2T3H

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.
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.
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.
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

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).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$31K

$7857 / participant

Contract admin$29K92.8%
Other / not subdivided$2K7.2%

% of EOY assets

0.971%

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: PERKINS & COMPANY, P.C.
Auditor EIN: 930928924
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,031

$202,342-83.7%

$172,753-80.9%

$152,909-78.4%

Participation rate

100.0%

87.1%+12.9pp

82.6%+17.4pp

82.5%+17.5pp

Annual return

16.26%

1029.88%-1013.6pp

803.00%-786.7pp

345.46%-329.2pp

Employer contribution / active EE

$27,241

$5,857+365.1%

$5,144+429.6%

$4,764+471.8%

Participant deferral / active EE

$32,714

$5,948+450.0%

$5,198+529.4%

$5,851+459.1%

Admin fee / account holder

$321

$17,112-98.1%

$13,956-97.7%

$11,601-97.2%

Provider

Service type

Compensation

NATIONWIDE5+ years

Service code 17 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Pension Consulting

$29,177

PERKINS & CO1 year

Filed as: PERKINS AND COMPANY

Service code 10 · EIN 93-0928924

1211 SW 5TH AVENUE SUITE 1000 · PORTLAND, OR 972043710

Accounting

$13,304

PENSION PLAN SPECIALISTS, PC4 years

Service code 17 · EIN 91-1889112

805 BROADWAY, SUITE 600 · VANCOUVER, WA 98660

Pension Consulting

$8,723

FAMILYCARE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILYCARE, INC. 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