Retirement plan

FOUNDATION FOR MEDICAL CARE OF TULARE & KINGS COUNTIES, INC. 401(K) PROFIT SHARING PLAN

Name: FOUNDATION FOR MEDICAL CARE OF TULARE & KINGS COUNTIES, INC. - FOUNDATION FOR MEDICAL CARE OF TULARE & KINGS COUNTIES, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: FOUNDATION FOR MEDICAL CARE OF TULARE & KINGS COUNTIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOUNDATION FOR MEDICAL CARE OF TULARE & KINGS COUNTIES, INC. 401(K) PROFIT SHARING PLAN, FOUNDATION FOR MEDICAL CARE OF TULARE & KINGS COUNTIES, INC.

FOUNDATION FOR MEDICAL CARE OF TULARE & KINGS COUNTIES, INC.EIN 94-1623803Plan #002PY 2020

3335 SOUTH FAIRWAY STREET - VISALIA, CA 93277559-734-1321tkfmc.orgLinkedIn1-10 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$6M

-15.9% from 2019

Total participants

120

+13.2% from 2019

Average account balance

$50,569

-25.9% from 2019

Annual return

7.23%

+5.30 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.06M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

160

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.

91.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$837K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$50

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2H2J2T3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2.5M

$23819 / participant

Other / not subdivided$2M100.0%

% of EOY assets

41.513%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,569

$58,895-14.1%

$178,503-71.7%

$73,497-31.2%

Participation rate

98.1%

66.2%+31.8pp

81.9%+16.1pp

70.7%+27.4pp

Annual return

7.23%

24.86%-17.6pp

151.12%-143.9pp

28.51%-21.3pp

Employer contribution / active EE

$5,010

$2,236+124.1%

$5,0110%

$2,270+120.7%

Participant deferral / active EE

$2,542

$2,567-1.0%

$5,202-51.1%

$3,740-32.0%

Admin fee / account holder

$20,993

$400+5143.3%

$13,987+50.1%

$513+3991.6%

FOUNDATION FOR MEDICAL CARE OF TULARE & KINGS COUNTIES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOUNDATION FOR MEDICAL CARE OF TULARE & KINGS COUNTIES, 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