Retirement plan

MYHEALTH ACCESS NETWORK, INC. 401K PLAN

Name: MYHEALTH ACCESS NETWORK, INC. - MYHEALTH ACCESS NETWORK, INC. 401K PLAN (2020) Form 5500
Creator: MYHEALTH ACCESS NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MYHEALTH ACCESS NETWORK, INC. 401K PLAN, MYHEALTH ACCESS NETWORK, INC.

MYHEALTH ACCESS NETWORK, INC.EIN 27-1660936Plan #001PY 2020

P.O. BOX 56 - TULSA, OK 74101918-236-3441myhealthaccess.netLinkedIn11-50 employeesinformation technology and services

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$404K

+190.4% from 2019

Total participants

+11.5% from 2019

Average account balance

$14,969

+158.2% from 2019

Annual return

43.90%

+43.90 pp from 2019

Benchmarks

See 3,014 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants25-99

Cohort3,014 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.71M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

102.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$333K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+26.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2227

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 codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$2K

$88 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.544%

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

$14,969

$70,475-78.8%

$100,530-85.1%

$79,858-81.3%

Participation rate

92.0%

73.7%+18.3pp

79.4%+12.6pp

69.6%+22.4pp

Annual return

43.90%

21.90%+22.0pp

30.89%+13.0pp

31.72%+12.2pp

Employer contribution / active EE

$2,800

$2,165+29.3%

$3,418-18.1%

$2,471+13.3%

Participant deferral / active EE

$5,357

$5,181+3.4%

$6,271-14.6%

$3,740+43.2%

Admin fee / account holder

$81

$4,478-98.2%

$8,083-99.0%

$5,306-98.5%

MYHEALTH ACCESS NETWORK, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MYHEALTH ACCESS NETWORK, INC. 401K 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