Retirement plan

HORIZON HEALTH CARE 401(K) PROFIT SHARING PLAN & TRUST

Name: HORIZON HEALTH CARE - HORIZON HEALTH CARE 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: HORIZON HEALTH CARE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HORIZON HEALTH CARE 401(K) PROFIT SHARING PLAN & TRUST, HORIZON HEALTH CARE

HORIZON HEALTH CAREEIN 11-3130244Plan #001PY 2024

20 JERUSALEM AVE FL 3 - HICKSVILLE, NY 118014980516-326-2020

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$4.4M

+22.7% from 2023

Total participants

698

+23.3% from 2023

Average account balance

$28,216

-2.5% from 2023

Annual return

15.30%

-4.46 pp from 2023

Benchmarks

See 4,134 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,134 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.40M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

156

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.

16.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$630K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$970

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

+15.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$195

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 3 by compensation

Provider	Service type	Compensation
PAYCHEX, INC.6 years Service code 15 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Recordkeeping	$12,612
WELLS FARGO BANK, N.A.6 years Filed as: WELLS FARGO ADVISORS Service code 26 TPOT-MAC H0006-08R · ST. LOUIS, MO 63103	Advisory (Participants)	$12,046
ERISA FIDUCIARY SERVICES, INC.1 year Service code 13 · EIN 47-1637791 1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788	Contract Administrator	$6,130

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$30K

$47 / participant

Trustee / custodial$8602.8%
Investment mgmt$12K39.5%
Contract admin$18K57.7%

% of EOY assets

0.693%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ALAN J GOLDBERGER CPA
Auditor EIN: 202044907
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,216

$50,820-44.5%

$155,567-81.9%

$77,671-63.7%

Participation rate

16.6%

63.1%-46.5pp

78.2%-61.6pp

70.6%-54.0pp

Annual return

15.30%

34.85%-19.6pp

64.74%-49.4pp

31.21%-15.9pp

Employer contribution / active EE

$1,993-100.0%

$4,674-100.0%

$2,726-100.0%

Participant deferral / active EE

$970

$2,823-65.6%

$5,628-82.8%

$4,648-79.1%

Admin fee / account holder

$195

$436-55.2%

$15,916-98.8%

$430-54.6%

Provider

Service type

Compensation

PAYCHEX, INC.6 years

Service code 15 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Recordkeeping

$12,612

WELLS FARGO BANK, N.A.6 years

Filed as: WELLS FARGO ADVISORS

Service code 26

TPOT-MAC H0006-08R · ST. LOUIS, MO 63103

Advisory (Participants)

$12,046

ERISA FIDUCIARY SERVICES, INC.1 year

Service code 13 · EIN 47-1637791

1373 VETERANS HIGHWAY · HAUPPAUGE, NY 11788

Contract Administrator

$6,130

HORIZON HEALTH CARE 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HORIZON HEALTH CARE 401(K) PROFIT SHARING PLAN & TRUST

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