Retirement plan

EDURO HEALTHCARE RETIREMENT PLAN

Name: EDURO HEALTHCARE, LLC - EDURO HEALTHCARE RETIREMENT PLAN (2024) Form 5500
Creator: EDURO HEALTHCARE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EDURO HEALTHCARE RETIREMENT PLAN, EDURO HEALTHCARE, LLC

EDURO HEALTHCARE, LLCEIN 26-3642503Plan #001PY 2024

1376 E. 3300 S. - SALT LAKE CITY, UT 84106801-601-1450edurohc.comLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$27.9M

+25.1% from 2023

Total participants

4,225

+3.7% from 2023

Average account balance

$7,829

+21.7% from 2023

Annual return

13.17%

-15.02 pp from 2023

Benchmarks

See 1,431 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,431 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.85M

Not enough data

1 years with asset history on file

Average account balance

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

$8K

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.

3,558

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.

78.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.40M

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

+13.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$98

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$302,529
WC ADMINISTRATORS, LLC8 years Service code 13 · EIN 20-1663072 6995 UNION PARK CENTER #320 · MIDVALE, UT 84047	Contract Administrator	$153,133
LPL FINANCIAL6 years Service code 27 · EIN 04-3046611 PO BOX 502533 · SAN DIEGO, CA 921502533	Advisory (Plan)	$45,826
LEAFHOUSE FINANCIAL ADVISORS, LLC6 years Service code 99 · EIN 26-4311657 6504 BRIDGE POINT PKWY, SUITE 450 · AUSTIN, TX 78730	Other Fees	$12,311

Plan features & details

Pension benefit codes2E2F2J2K2S2T3D

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).
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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$348K

$115 / participant

Contract admin$348K100.0%

% of EOY assets

1.249%

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: RICHEY MAY & CO., LLP
Auditor EIN: 710911208
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,829

$53,216-85.3%

$155,534-95.0%

$199,960-96.1%

Participation rate

78.0%

64.1%+13.9pp

78.2%-0.2pp

72.0%+6.0pp

Annual return

13.17%

41.18%-28.0pp

64.92%-51.7pp

34.28%-21.1pp

Employer contribution / active EE

$547

$1,848-70.4%

$4,675-88.3%

$3,036-82.0%

Participant deferral / active EE

$2,223

$3,164-29.7%

$5,630-60.5%

$5,087-56.3%

Admin fee / account holder

$98

$186-47.3%

$15,900-99.4%

$269-63.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$302,529

WC ADMINISTRATORS, LLC8 years

Service code 13 · EIN 20-1663072

6995 UNION PARK CENTER #320 · MIDVALE, UT 84047

Contract Administrator

$153,133

LPL FINANCIAL6 years

Service code 27 · EIN 04-3046611

PO BOX 502533 · SAN DIEGO, CA 921502533

Advisory (Plan)

$45,826

LEAFHOUSE FINANCIAL ADVISORS, LLC6 years

Service code 99 · EIN 26-4311657

6504 BRIDGE POINT PKWY, SUITE 450 · AUSTIN, TX 78730

Other Fees

$12,311

EDURO HEALTHCARE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EDURO HEALTHCARE RETIREMENT 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