Retirement plan

FAMILY CARE SPECIALISTS MEDICAL CORPORATION RETIREMENT PLAN

Name: FAMILY CARE SPECIALISTS MEDICAL CORPORATION - FAMILY CARE SPECIALISTS MEDICAL CORPORATION RETIREMENT PLAN (2023) Form 5500
Creator: FAMILY CARE SPECIALISTS MEDICAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY CARE SPECIALISTS MEDICAL CORPORATION RETIREMENT PLAN, FAMILY CARE SPECIALISTS MEDICAL CORPORATION

FAMILY CARE SPECIALISTS MEDICAL CORPORATIONEIN 95-4453392Plan #002PY 2023

5823 YORK BLVD., SUITE 5 - LOS ANGELES, CA 900422634323-255-3437LinkedIn11-50 employeeshospital & health care

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$29.6M

+10.8% from 2022

Total participants

150

+4.9% from 2022

Average account balance

$197,032

+5.6% from 2022

Annual return

20.63%

+48.63 pp from 2022

Benchmarks

See 5,715 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.00%

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

0 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
VAUGHN INVESTMENT ADVISORS, INC.9+ years Service code 26 · EIN 61-1487773	Advisory (Participants)	$158,115
ONEDIGITAL INVESTMENT ADVISORS LLC9+ years Filed as: KRAVITZ, INC. Service code 15 · EIN 95-3207191	Recordkeeping	$35,100

Plan features & details

Pension benefit codes2A2E2J2K2S3D

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.)
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

$193K

$1741 / participant

Recordkeeping$35K18.2%
Contract admin$158K81.8%
Other / not subdivided$250.0%

% of EOY assets

0.654%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LASKER, KIM & COMPANY, LLP
Auditor EIN: 951726866
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$197,032

$61,295+221.4%

$149,682+31.6%

$71,476+175.7%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

20.63%

35.86%-15.2pp

134.35%-113.7pp

28.85%-8.2pp

Employer contribution / active EE

$2,866

$2,380+20.4%

$4,818-40.5%

$2,589+10.7%

Participant deferral / active EE

$4,386

$2,918+50.3%

$5,681-22.8%

$4,290+2.2%

Admin fee / account holder

$1,288

$1,262+2.1%

$13,210-90.2%

$1,587-18.8%

Provider

Service type

Compensation

VAUGHN INVESTMENT ADVISORS, INC.9+ years

Service code 26 · EIN 61-1487773

Advisory (Participants)

$158,115

ONEDIGITAL INVESTMENT ADVISORS LLC9+ years

Filed as: KRAVITZ, INC.

Service code 15 · EIN 95-3207191

Recordkeeping

$35,100

FAMILY CARE SPECIALISTS MEDICAL CORPORATION RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY CARE SPECIALISTS MEDICAL CORPORATION 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