Retirement plan

LIFE FLIGHT NETWORK, LLC 401(K) PLAN

Name: LIFE FLIGHT NETWORK, LLC - LIFE FLIGHT NETWORK, LLC 401(K) PLAN (2023) Form 5500
Creator: LIFE FLIGHT NETWORK, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIFE FLIGHT NETWORK, LLC 401(K) PLAN, LIFE FLIGHT NETWORK, LLC

LIFE FLIGHT NETWORK, LLCEIN 20-5016802Plan #001PY 2023

22285 YELLOW GATE LANE, SUITE 102 - AURORA, OR 97002503-678-4364lifeflight.orgLinkedIn501-1000 employeeshospital & health care

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$80.6M

+37.7% from 2022

Total participants

1,151

+8.2% from 2022

Average account balance

$70,129

+27.4% from 2022

Annual return

22.85%

+39.24 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$99.09M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

1,139

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.

99.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$274

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO OF AM Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$105,529
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Investment Management	$64,794
PRIME PENSIONS NORTHWEST, LLC2 years Service code 49 · EIN 87-3599091 1600 VALLEY RIVER DR, STE 340 · EUGENE, OR 97401	Other Services	$33,746
NORTHWEST CAPITAL MANAGEMENT, INC.2 years Filed as: NORTHWEST CAPITAL MANAGEMENT, INC Service code 27 · EIN 93-1242462 1 CENTERPOINTE DR., SUITE 115 · LAKE OSWEGO, OR 97035	Advisory (Plan)	$15,000
MOSS ADAMS LLP3 years Service code 10 PO BOX 101822 · PASADENA, CA 91189	Accounting	$9,500

Plan features & details

Pension benefit codes2A2E2F2G2J2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$229K

$243 / participant

Investment mgmt$80K34.9%
Contract admin$106K46.2%
Other / not subdivided$43K18.9%

% of EOY assets

0.283%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: $9,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,129

$47,180+48.6%

$149,723-53.2%

$74,473-5.8%

Participation rate

99.9%

63.4%+36.5pp

78.8%+21.1pp

70.7%+29.2pp

Annual return

22.85%

22.75%+0.1pp

134.50%-111.6pp

34.36%-11.5pp

Employer contribution / active EE

$5,451

$1,907+185.8%

$4,821+13.1%

$2,638+106.6%

Participant deferral / active EE

$8,301

$2,730+204.0%

$5,682+46.1%

$4,530+83.2%

Admin fee / account holder

$199

$343-42.1%

$13,215-98.5%

$347-42.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO OF AM

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$105,529

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Investment Management

$64,794

PRIME PENSIONS NORTHWEST, LLC2 years

Service code 49 · EIN 87-3599091

1600 VALLEY RIVER DR, STE 340 · EUGENE, OR 97401

Other Services

$33,746

NORTHWEST CAPITAL MANAGEMENT, INC.2 years

Filed as: NORTHWEST CAPITAL MANAGEMENT, INC

Service code 27 · EIN 93-1242462

1 CENTERPOINTE DR., SUITE 115 · LAKE OSWEGO, OR 97035

Advisory (Plan)

$15,000

MOSS ADAMS LLP3 years

Service code 10

PO BOX 101822 · PASADENA, CA 91189

Accounting

$9,500

LIFE FLIGHT NETWORK, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIFE FLIGHT NETWORK, LLC 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