Retirement plan

HEALTH PARTNERS PLANS, INC. RETIREMENT PLAN 401(K)

Name: HEALTH PARTNERS PLANS, INC - HEALTH PARTNERS PLANS, INC. RETIREMENT PLAN 401(K) (2019) Form 5500
Creator: HEALTH PARTNERS PLANS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEALTH PARTNERS PLANS, INC. RETIREMENT PLAN 401(K), HEALTH PARTNERS PLANS, INC

HEALTH PARTNERS PLANS, INCEIN 23-2379751Plan #001PY 2019

901 MARKET STREET, SUITE 500 - PHILADELPHIA, PA 19107215-849-9606healthpartnersplans.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed July 31, 2019 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$98.1M

+21.9% from 2018

Total participants

1,195

-2.6% from 2018

Average account balance

$82,078

+25.2% from 2018

Annual return

24.85%

+26.82 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$145.88M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

1,187

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+16.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28

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 10 of 20 by compensation

Provider	Service type	Compensation
CONRAD SIEGEL3 years Service code 15 · EIN 23-1669823 PO BOX 5900 · HARRISBURG, PA 171100900	Recordkeeping	$27,035
CHARLES SCHWAB & CO., INC.5+ years Service code 19 · EIN 94-1737782	Securities Custodian	$3,093
BLACKROCK3 years Filed as: BLACKROCK ADVISORS LLC Service code 28 · EIN 51-0318674	Investment Management	$0
AMERICAN FUNDS2 years Filed as: CAPITAL RESEARCH AND COMPANY Service code 28 · EIN 95-1411037	Investment Management	$0
AMERICAN FUNDS3 years Filed as: CAPITAL RESEARCH AND MANAGEMENT COM Service code 28	Investment Management	$0
DIMENSIONAL FUND ADVISORS3 years Filed as: DIMENSIONAL FUND ADVISORS LP Service code 28 · EIN 30-0447847	Investment Management	$0
DODGE & COX5+ years Service code 28 · EIN 94-1441976	Investment Management	$0
FEDERATED1 year Filed as: FEDERATED HERMES Service code 28 · EIN 25-1111467	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY & RESEARCH COMPANY Service code 28 · EIN 06-1194217	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Filed as: FIDELITY MANAGEMENT & RESEARCH COMP Service code 28	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$27K

$30 / participant

Other / not subdivided$27K100.0%

% of EOY assets

0.028%

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: MITCHELL & TITUS, LLP
Auditor EIN: 131781641
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,078

$62,928+30.4%

$172,753-52.5%

$67,582+21.5%

Participation rate

100.0%

64.5%+35.5pp

82.6%+17.4pp

71.3%+28.7pp

Annual return

24.85%

30.36%-5.5pp

803.00%-778.2pp

378.57%-353.7pp

Employer contribution / active EE

$6,047

$1,636+269.6%

$5,144+17.6%

$2,148+181.6%

Participant deferral / active EE

$4,985

$2,145+132.4%

$5,198-4.1%

$3,539+40.8%

Admin fee / account holder

$23

$167-86.4%

$13,956-99.8%

$142-84.1%

Provider

Service type

Compensation

CONRAD SIEGEL3 years

Service code 15 · EIN 23-1669823

PO BOX 5900 · HARRISBURG, PA 171100900

Recordkeeping

$27,035

CHARLES SCHWAB & CO., INC.5+ years

Service code 19 · EIN 94-1737782

Securities Custodian

$3,093

BLACKROCK3 years

Filed as: BLACKROCK ADVISORS LLC

Service code 28 · EIN 51-0318674

Investment Management

AMERICAN FUNDS2 years

Filed as: CAPITAL RESEARCH AND COMPANY

Service code 28 · EIN 95-1411037

Investment Management

AMERICAN FUNDS3 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT COM

Service code 28

Investment Management

DIMENSIONAL FUND ADVISORS3 years

Filed as: DIMENSIONAL FUND ADVISORS LP

Service code 28 · EIN 30-0447847

Investment Management

DODGE & COX5+ years

Service code 28 · EIN 94-1441976

Investment Management

FEDERATED1 year

Filed as: FEDERATED HERMES

Service code 28 · EIN 25-1111467

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY & RESEARCH COMPANY

Service code 28 · EIN 06-1194217

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Filed as: FIDELITY MANAGEMENT & RESEARCH COMP

Service code 28

Investment Management

HEALTH PARTNERS PLANS, INC. RETIREMENT PLAN 401(K)

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEALTH PARTNERS PLANS, INC. RETIREMENT PLAN 401(K)

Top hat statement on fileNQDC

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