Retirement plan

BLUESTONE HEALTH ASSOCIATION, INC. 403(B) PLAN

Name: BLUESTONE HEALTH ASSOCIATION, INC. - BLUESTONE HEALTH ASSOCIATION, INC. 403(B) PLAN (2023) Form 5500
Creator: BLUESTONE HEALTH ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLUESTONE HEALTH ASSOCIATION, INC. 403(B) PLAN, BLUESTONE HEALTH ASSOCIATION, INC.

BLUESTONE HEALTH ASSOCIATION, INC.EIN 31-0899730Plan #001PY 2023

3997 BECKLEY ROAD - PRINCETON, WV 24740304-431-3410LinkedIn1-10 employees

Prospect flagsLow returnsLow participationRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.9M

+1.0% from 2022

Total participants

154

+8.5% from 2022

Average account balance

$29,108

-1.0% from 2022

Annual return

-0.95%

+1.59 pp from 2022

Benchmarks

See 5,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,710 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.67M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

123

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.

59.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$733K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$150

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 3 by compensation

Provider	Service type	Compensation
BWS ADVISORS LLC2 years Service code 27 2770 ELECTRIC ROAD · ROANOKE, VA 24018	Advisory (Plan)	$11,401
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,861
METRO BENEFITS, INC.2 years Service code 13 8150 PERRY HWY, · PITTSBURG, PA 15237	Contract Administrator	$1,039

Plan features & details

Pension benefit codes2A2E2F2G2K2T3D

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$15K

$122 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.498%

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: LALLY & CO.
Auditor EIN: 251846963
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,108

$61,338-52.5%

$149,717-80.6%

$71,495-59.3%

Participation rate

55.8%

62.5%-6.7pp

78.8%-22.9pp

67.9%-12.1pp

Annual return

-0.95%

35.86%-36.8pp

134.41%-135.4pp

28.85%-29.8pp

Employer contribution / active EE

$1,362

$2,381-42.8%

$4,820-71.7%

$2,589-47.4%

Participant deferral / active EE

$2,165

$2,919-25.8%

$5,682-61.9%

$4,291-49.5%

Admin fee / account holder

$145

$1,263-88.5%

$13,213-98.9%

$1,588-90.9%

Provider

Service type

Compensation

BWS ADVISORS LLC2 years

Service code 27

2770 ELECTRIC ROAD · ROANOKE, VA 24018

Advisory (Plan)

$11,401

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,861

METRO BENEFITS, INC.2 years

Service code 13

8150 PERRY HWY, · PITTSBURG, PA 15237

Contract Administrator

$1,039

BLUESTONE HEALTH ASSOCIATION, INC. 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLUESTONE HEALTH ASSOCIATION, INC. 403(B) 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