Retirement plan

HEARTLAND DENTAL 401K AND STOCK PARTICIPATION PLAN

Name: HEARTLAND DENTAL, LLC - HEARTLAND DENTAL 401K AND STOCK PARTICIPATION PLAN (2023) Form 5500
Creator: HEARTLAND DENTAL, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEARTLAND DENTAL 401K AND STOCK PARTICIPATION PLAN, HEARTLAND DENTAL, LLC

HEARTLAND DENTAL, LLCEIN 01-0854205Plan #001PY 2023

1200 NETWORK CENTRE DRIVE - EFFINGHAM, IL 62401217-540-5100heartland.comLinkedIn10001+ employeeshospital & health care

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$997M

-10.0% from 2016

Total participants

25,499

-14.7% from 2016

Average account balance

$39,845

+16.3% from 2016

Annual return

17.48%

-10.49 pp from 2016

Benchmarks

See 255 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants>=10,000

Cohort255 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.14B

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

27,330

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$88.85M

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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$47

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.9+ years Service code 15 · EIN 23-1945930	Recordkeeping	$1,728,181
FIDUCIARY INVESTMENT ADVISORS1 year Filed as: FIDUCIARY ADVISORS INC Service code 16 · EIN 43-1891647	Consulting	$42,500
MARTIN HOOD LLC1 year Service code 29 · EIN 37-1119790	Legal	$27,500

Plan features & details

Pension benefit codes2E2F2H2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.8M

$93 / participant

Other / not subdivided$2M100.0%

% of EOY assets

0.178%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MH CPA PLLC
Auditor EIN: 371119790
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,845

$68,330-41.7%

$149,740-73.4%

$96,393-58.7%

Participation rate

97.5%

74.6%+22.9pp

78.8%+18.7pp

71.3%+26.2pp

Annual return

17.48%

29.64%-12.2pp

134.51%-117.0pp

22.88%-5.4pp

Employer contribution / active EE

$2,139-100.0%

$4,821-100.0%

$3,239-100.0%

Participant deferral / active EE

$4,064

$4,422-8.1%

$5,683-28.5%

$5,455-25.5%

Admin fee / account holder

$71

$52+36.2%

$13,222-99.5%

$74-4.1%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.9+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$1,728,181

FIDUCIARY INVESTMENT ADVISORS1 year

Filed as: FIDUCIARY ADVISORS INC

Service code 16 · EIN 43-1891647

Consulting

$42,500

MARTIN HOOD LLC1 year

Service code 29 · EIN 37-1119790

Legal

$27,500

HEARTLAND DENTAL 401K AND STOCK PARTICIPATION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEARTLAND DENTAL 401K AND STOCK PARTICIPATION 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