Retirement plan

LAMOILLE HEALTH PARTNERS 401(K) PLAN

Name: LAMOILLE HEALTH PARTNERS, INC. - LAMOILLE HEALTH PARTNERS 401(K) PLAN (2022) Form 5500
Creator: LAMOILLE HEALTH PARTNERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAMOILLE HEALTH PARTNERS 401(K) PLAN, LAMOILLE HEALTH PARTNERS, INC.

LAMOILLE HEALTH PARTNERS, INC.EIN 04-3358048Plan #001PY 2022

609 WASHINGTON HIGHWAY - MORRISVILLE, VT 05661802-851-8603lamoillehealthpartners.orgLinkedIn51-200 employeesmedical practice

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.2M

-18.3% from 2021

Total participants

291

+7.0% from 2021

Average account balance

$33,860

-25.6% from 2021

Annual return

-13.10%

-24.90 pp from 2021

Benchmarks

See 5,349 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,349 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.41M

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.

247

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.

67.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.98%

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSSETS MUTUAL LIFE INS CO Service code 62 · EIN 04-1590850	Float revenue; Recordkeeping fees	$25,715
LPL FINANCIAL2 years Filed as: LPL FINANCIAL CORPORATION Service code 53 · EIN 95-2834236	Insurance Commissions	$12,742
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 · EIN 84-1455663	Recordkeeping Fees	$7,255
FUTURE PLAN CONSULTING - FORT WAYNE7+ years Filed as: FUTURE PLANNING ASSOCIATES, INC. Service code 13	Contract Administrator	$3,584
FUTURE PLAN CONSULTING - FORT WAYNE7+ years Filed as: FUTURE PLANNING ASSOCIATES Service code 13 · EIN 03-0271340	Contract Administrator	$413
LPL FINANCIAL1 year Service code 55 · EIN 95-2834236	Other Commissions	$0

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$15K

$69 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.212%

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: MCSOLEY MCCOY AND CO
Auditor EIN: 030327374
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,860

$65,092-48.0%

$143,799-76.5%

$66,938-49.4%

Participation rate

65.5%

65.2%+0.3pp

80.3%-14.8pp

69.8%-4.3pp

Annual return

-13.10%

-11.14%-2.0pp

-0.04%-13.1pp

1.58%-14.7pp

Employer contribution / active EE

$1,568

$2,362-33.6%

$4,952-68.3%

$2,545-38.4%

Participant deferral / active EE

$2,267

$2,920-22.4%

$5,638-59.8%

$4,238-46.5%

Admin fee / account holder

$72

$502-85.7%

$14,677-99.5%

$594-87.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSSETS MUTUAL LIFE INS CO

Service code 62 · EIN 04-1590850

Float revenue; Recordkeeping fees

$25,715

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL CORPORATION

Service code 53 · EIN 95-2834236

Insurance Commissions

$12,742

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64 · EIN 84-1455663

Recordkeeping Fees

$7,255

FUTURE PLAN CONSULTING - FORT WAYNE7+ years

Filed as: FUTURE PLANNING ASSOCIATES, INC.

Service code 13

Contract Administrator

$3,584

FUTURE PLAN CONSULTING - FORT WAYNE7+ years

Filed as: FUTURE PLANNING ASSOCIATES

Service code 13 · EIN 03-0271340

Contract Administrator

$413

LPL FINANCIAL1 year

Service code 55 · EIN 95-2834236

Other Commissions

LAMOILLE HEALTH PARTNERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAMOILLE HEALTH PARTNERS 401(K) 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