Retirement plan

FAMILY CARE SPECIALISTS MEDICAL CORPORATION RETIREMENT PLAN

Name: FAMILY CARE SPECIALISTS MEDICAL CORPORATION - FAMILY CARE SPECIALISTS MEDICAL CORPORATION RETIREMENT PLAN (2024) 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 2024

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

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$34.3M

+16.1% from 2023

Total participants

161

+7.3% from 2023

Average account balance

$219,982

+11.6% from 2023

Annual return

17.91%

-2.72 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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.10+ years Service code 26 · EIN 61-1487773	Advisory (Participants)	$172,914
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Filed as: KRAVITZ, LLC Service code 15 · EIN 82-3719843	Recordkeeping	$34,993

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

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

Expense breakdown

Schedule H Part II

Admin total

$208K

$1873 / participant

Recordkeeping$35K16.8%
Contract admin$173K83.2%

% of EOY assets

0.606%

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

$219,982

$55,437+296.8%

$155,534+41.4%

$74,459+195.4%

Participation rate

95.5%

61.9%+33.6pp

78.2%+17.3pp

67.2%+28.3pp

Annual return

17.91%

269.58%-251.7pp

64.92%-47.0pp

1369.70%-1351.8pp

Employer contribution / active EE

$2,266-100.0%

$4,675-100.0%

$2,626-100.0%

Participant deferral / active EE

$4,229

$2,837+49.1%

$5,630-24.9%

$4,350-2.8%

Admin fee / account holder

$1,333

$1,742-23.5%

$15,900-91.6%

$1,945-31.5%

Provider

Service type

Compensation

VAUGHN INVESTMENT ADVISORS, INC.10+ years

Service code 26 · EIN 61-1487773

Advisory (Participants)

$172,914

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Filed as: KRAVITZ, LLC

Service code 15 · EIN 82-3719843

Recordkeeping

$34,993

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