Retirement plan

US HEALTHCONNECT, INC. 401(K) PLAN

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

US HEALTHCONNECT, INC.EIN 23-3016333Plan #002PY 2022

1301 VIRGINIA DRIVE, SUITE 300, - FT WASHINGTON, PA 19034267-464-0969ushealthconnect.comLinkedIn201-500 employeeseducation management

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$11.9M

+81.2% from 2021

Total participants

304

+115.6% from 2021

Average account balance

$66,821

+11.9% from 2021

Annual return

61.85%

+46.24 pp from 2021

Benchmarks

See 934 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort934 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.17M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

306

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.

76.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$298

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 1 by compensation

Provider	Service type	Compensation
AXA EQUITABLE LIFE INSURANCE CO1 year Filed as: AXA EQUITABLE LIFE INSURANCE CO. Service code 15 · EIN 13-5570651	Recordkeeping	$50,084

Plan features & details

Pension benefit codes3H2E2F2G2J2T3D

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

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

$50K

$178 / participant

Contract admin$50K100.0%

% of EOY assets

0.421%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,821

$47,766+39.9%

$82,744-19.2%

$64,819+3.1%

Participation rate

55.3%

67.7%-12.4pp

72.6%-17.2pp

71.5%-16.2pp

Annual return

61.85%

-13.06%+74.9pp

702.22%-640.4pp

32.84%+29.0pp

Employer contribution / active EE

$612

$2,182-72.0%

$3,008-79.7%

$2,507-75.6%

Participant deferral / active EE

$4,784

$3,332+43.6%

$4,395+8.9%

$4,311+11.0%

Admin fee / account holder

$281

$143+96.8%

$5,325-94.7%

$188+49.8%

Provider

Service type

Compensation

AXA EQUITABLE LIFE INSURANCE CO1 year

Filed as: AXA EQUITABLE LIFE INSURANCE CO.

Service code 15 · EIN 13-5570651

Recordkeeping

$50,084

US HEALTHCONNECT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

US HEALTHCONNECT, INC. 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