Retirement plan

ENKI HEALTH SERVICES INC 401(K) PROFIT SHARING PLAN & TRUST

Name: ENKI HEALTH SERVICES INC - ENKI HEALTH SERVICES INC 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: ENKI HEALTH SERVICES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENKI HEALTH SERVICES INC 401(K) PROFIT SHARING PLAN & TRUST, ENKI HEALTH SERVICES INC

ENKI HEALTH SERVICES INCEIN 95-3380634Plan #002PY 2022

150 E OLIVE AVE - STE 203 - BURBANK, CA 915021849818-973-4899ehrs.comLinkedIn201-500 employeesmental health care

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$16.8M

-15.9% from 2021

Total participants

397

-1.2% from 2021

Average account balance

$48,032

-10.2% from 2021

Annual return

-14.52%

-28.47 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.80M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

358

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.

76.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15

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 1 by compensation

Provider	Service type	Compensation
PAYCHEX, INC.4 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$6,485

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

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

$7K

$29 / participant

Contract admin$7K100.0%

% of EOY assets

0.043%

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: GURSEY SCHNEIDER LLP
Auditor EIN: 953309779
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,032

$65,125-26.2%

$143,797-66.6%

$66,949-28.3%

Participation rate

80.2%

65.2%+15.0pp

80.3%-0.2pp

69.8%+10.3pp

Annual return

-14.52%

-11.13%-3.4pp

-0.04%-14.5pp

1.57%-16.1pp

Employer contribution / active EE

$2,130

$2,362-9.8%

$4,952-57.0%

$2,545-16.3%

Participant deferral / active EE

$2,958

$2,920+1.3%

$5,638-47.5%

$4,239-30.2%

Admin fee / account holder

$20

$503-95.9%

$14,679-99.9%

$594-96.6%

Provider

Service type

Compensation

PAYCHEX, INC.4 years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$6,485

ENKI HEALTH SERVICES INC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENKI HEALTH SERVICES INC 401(K) PROFIT SHARING PLAN & TRUST

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