Retirement plan

WW HEALTHCARE CONSULTANTS, LLC 401(K) PLAN

Name: WW HEALTHCARE CONSULTANTS, LLC - WW HEALTHCARE CONSULTANTS, LLC 401(K) PLAN (2024) Form 5500
Creator: WW HEALTHCARE CONSULTANTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WW HEALTHCARE CONSULTANTS, LLC 401(K) PLAN, WW HEALTHCARE CONSULTANTS, LLC

WW HEALTHCARE CONSULTANTS, LLCdba WW HEALTHCARE CONSULTANTS, LLC 401(K) PLANEIN 27-2327766Plan #001PY 2024

P.O. BOX 1667 - HICKORY, NC 28603828-324-8898wwhcc.bizLinkedIn201-500 employeesmanagement consulting

Prospect flagsLow returnsLow participationLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.7M

+0.2% from 2023

Total participants

811

-18.5% from 2023

Average account balance

$10,915

+2.7% from 2023

Annual return

11.08%

-4.17 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.69M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

246

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.

13.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$232K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$357

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

+11.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$87

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 7 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC5 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$21,310
AMERICAN FUNDS5 years Service code 28 · EIN 95-1411037	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
GOLDMAN SACHS5 years Filed as: GOLDMAN SACHS FUNDS Service code 28 · EIN 13-3575636	Investment Management	$0
PRINCIPAL LIFE INSURANCE COMPANY5 years Filed as: PRINCIPAL FUNDS Service code 28 · EIN 42-1312301	Investment Management	$0
PRUDENTIAL RETIREMENT INSURANCE AND5 years Filed as: PRUDENTIAL JENNISON Service code 28 · EIN 22-3703799	Investment Management	$0
T ROWE PRICE RPS INC5 years Filed as: T ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3B3D3H

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$21K

$33 / participant

Other / not subdivided$21K100.0%

% of EOY assets

0.794%

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: WALKER HEALTHCARE SERVICES GROUP
Auditor EIN: 541643141
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,915

$106,230-89.7%

$147,080-92.6%

$77,736-86.0%

Participation rate

13.1%

78.4%-65.3pp

82.2%-69.1pp

70.6%-57.5pp

Annual return

11.08%

56.91%-45.8pp

420.17%-409.1pp

31.26%-20.2pp

Employer contribution / active EE

$4,072-100.0%

$4,933-100.0%

$2,728-100.0%

Participant deferral / active EE

$357

$8,001-95.5%

$8,066-95.6%

$4,651-92.3%

Admin fee / account holder

$87

$338-74.4%

$12,989-99.3%

$433-80.0%

Provider

Service type

Compensation

T ROWE PRICE RPS INC5 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$21,310

AMERICAN FUNDS5 years

Service code 28 · EIN 95-1411037

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

GOLDMAN SACHS5 years

Filed as: GOLDMAN SACHS FUNDS

Service code 28 · EIN 13-3575636

Investment Management

PRINCIPAL LIFE INSURANCE COMPANY5 years

Filed as: PRINCIPAL FUNDS

Service code 28 · EIN 42-1312301

Investment Management

PRUDENTIAL RETIREMENT INSURANCE AND5 years

Filed as: PRUDENTIAL JENNISON

Service code 28 · EIN 22-3703799

Investment Management

T ROWE PRICE RPS INC5 years

Filed as: T ROWE PRICE RPS, INC

Service code 15

Recordkeeping

WW HEALTHCARE CONSULTANTS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WW HEALTHCARE CONSULTANTS, 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