Retirement plan

NETWORK MEDICAL MANAGEMENT, INC. CASH OR DEFERRED PROFIT SHARING PLAN

Name: NETWORK MEDICAL MANAGEMENT, INC. - NETWORK MEDICAL MANAGEMENT, INC. CASH OR DEFERRED PROFIT SHARING PLAN (2022) Form 5500
Creator: NETWORK MEDICAL MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NETWORK MEDICAL MANAGEMENT, INC. CASH OR DEFERRED PROFIT SHARING PLAN, NETWORK MEDICAL MANAGEMENT, INC.

NETWORK MEDICAL MANAGEMENT, INC.EIN 95-4472349Plan #001PY 2022

1668 SOUTH GARFIELD AVE., 2ND FLOOR - ALHAMBRA, CA 91801626-282-0288

Prospect flagsLow returnsLow participationLow fidelity bondCorrective distributions

Top hat statement on fileNQDC

Filed October 17, 2023 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1668 S Garfield Avenue, 2nd Floor

Alhambra, CA 91801

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Apollo Medical Holdings, Inc. Nonqualified Deferred Compensation Plan100 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$14.8M

-4.7% from 2021

Total participants

688

-8.4% from 2021

Average account balance

$36,444

+24.9% from 2021

Annual return

-17.54%

-32.60 pp from 2021

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$29.75M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

908

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.

52.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+21.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 7 by compensation

Provider	Service type	Compensation
CALIFORNIA BENEFIT PLANNERS1 year Service code 13	Contract Administrator	$2,100
OTHER1 year Service code 37	Loan Processing	$1,875
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 64	Recordkeeping Fees	$950
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE (GWLA) Service code 15 · EIN 84-0467904	Recordkeeping	$410
FIRST CLEARING LLC8+ years Service code 22 · EIN 25-2384840	Insurance Broker	$0
RELIANCE TRUST COMPANY8+ years Service code 19 · EIN 58-1428634	Securities Custodian	$0
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES Service code 55	Other Commissions	$0

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$5K

$7 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.032%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: THONG, YU, WONG & LEE, LLP
Auditor EIN: 710899369
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,444

$46,292-21.3%

$143,757-74.6%

$64,808-43.8%

Participation rate

55.5%

64.2%-8.7pp

80.3%-24.8pp

71.5%-16.0pp

Annual return

-17.54%

-10.05%-7.5pp

-0.04%-17.5pp

32.82%-50.4pp

Employer contribution / active EE

$799

$1,910-58.2%

$4,951-83.9%

$2,506-68.1%

Participant deferral / active EE

$3,282

$2,646+24.0%

$5,637-41.8%

$4,310-23.9%

Admin fee / account holder

$12

$154-92.4%

$14,673-99.9%

$188-93.8%

Provider

Service type

Compensation

CALIFORNIA BENEFIT PLANNERS1 year

Service code 13

Contract Administrator

$2,100

OTHER1 year

Service code 37

Loan Processing

$1,875

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO OF AME

Service code 64

Recordkeeping Fees

$950

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE (GWLA)

Service code 15 · EIN 84-0467904

Recordkeeping

$410

FIRST CLEARING LLC8+ years

Service code 22 · EIN 25-2384840

Insurance Broker

RELIANCE TRUST COMPANY8+ years

Service code 19 · EIN 58-1428634

Securities Custodian

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO CLEARING SERVICES

Service code 55

Other Commissions

NETWORK MEDICAL MANAGEMENT, INC. CASH OR DEFERRED PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NETWORK MEDICAL MANAGEMENT, INC. CASH OR DEFERRED PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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