Retirement plan

EMPLOYEE BENEFIT PLAN OF NORTHPOINT HEALTH WELLNESS CENTER, INC.

Name: NORTHPOINT HEALTH WELLNESS CENTER, INC. - EMPLOYEE BENEFIT PLAN OF NORTHPOINT HEALTH WELLNESS CENTER, INC. (2022) Form 5500
Creator: NORTHPOINT HEALTH WELLNESS CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF NORTHPOINT HEALTH WELLNESS CENTER, INC., NORTHPOINT HEALTH WELLNESS CENTER, INC.

NORTHPOINT HEALTH WELLNESS CENTER, INC.EIN 20-0898277Plan #002PY 2022

1256 PENN AVE N STE 5300 - MINNEAPOLIS, MN 554117500612-767-3125northpointhealth.orgLinkedIn201-500 employeesgovernment administration

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.1M

-22.0% from 2021

Total participants

118

+31.1% from 2021

Average account balance

$11,918

-28.1% from 2021

Annual return

-17.76%

-43.53 pp from 2021

Benchmarks

See 19,701 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,701 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.33M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

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.

124.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$214K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2543

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2S2T3D

Plan features

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.
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.

Opportunity flags

2 tripped

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

$220K

$3602 / participant

Other / not subdivided$220K100.0%

% of EOY assets

20.486%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,918

$73,863-83.9%

$143,797-91.7%

$68,490-82.6%

Participation rate

54.1%

66.7%-12.6pp

80.3%-26.2pp

67.9%-13.8pp

Annual return

-17.76%

0.91%-18.7pp

-0.04%-17.7pp

-7.85%-9.9pp

Employer contribution / active EE

$973

$3,185-69.4%

$4,952-80.3%

$2,597-62.5%

Participant deferral / active EE

$1,657

$3,385-51.1%

$5,638-70.6%

$4,028-58.9%

Admin fee / account holder

$2,442

$5,756-57.6%

$14,679-83.4%

$5,403-54.8%

EMPLOYEE BENEFIT PLAN OF NORTHPOINT HEALTH WELLNESS CENTER, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF NORTHPOINT HEALTH WELLNESS CENTER, INC.

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