Retirement plan

EQUITAS HEALTH 401(K) PLAN AND PROFIT SHARING PLAN

Name: EQUITAS HEALTH - EQUITAS HEALTH 401(K) PLAN AND PROFIT SHARING PLAN (2024) Form 5500
Creator: EQUITAS HEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EQUITAS HEALTH 401(K) PLAN AND PROFIT SHARING PLAN, EQUITAS HEALTH

EQUITAS HEALTHEIN 31-1126780Plan #001PY 2024

1105 SCHROCK RD, SUITE 400 - COLUMBUS, OH 43229833-378-4827equitashealth.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed February 5, 2018

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Total assets (EOY)

$17.9M

+24.0% from 2023

Total participants

947

+2.2% from 2023

Average account balance

$21,473

+21.4% from 2023

Annual return

14.76%

-4.55 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.87M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

832

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.

78.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE9 years Service code 15 · EIN 31-1592130 37 W. BROAD ST 10TH FLOOR · COLUMBUS, OH 43215	Recordkeeping	$53,670
ONEDIGITAL INVESTMENT ADVISORS LLC2 years Filed as: ONEDIGITAL INVESTMENT ADVISORS Service code 27 · EIN 43-1451524 4860 COLLEGE BLVD · OVERLAND PARK, KS 66211	Advisory (Plan)	$41,871
NEWPORT GROUP, INC.6 years Service code 27 · EIN 27-2037969 200 DRYDEN RD SUITE 400 · DRESHER, PA 19025	Advisory (Plan)	$34,174
PROACCOUNT1 year Service code 26 · EIN 73-0988442 10 W. NATIONWIDE BLVD. · COLUMBUS, OH 43215	Advisory (Participants)	$31,254
NATIONWIDE7 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 · EIN 31-1592130	Recordkeeping	$1,735

Plan features & details

Pension benefit codes2E2F2G2J2S3D3F3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

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

$130K

$238 / participant

Recordkeeping$130K100.0%

% of EOY assets

0.727%

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: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,473

$50,902-57.8%

$155,534-86.2%

$77,736-72.4%

Participation rate

78.9%

63.1%+15.8pp

78.2%+0.7pp

70.6%+8.3pp

Annual return

14.76%

34.85%-20.1pp

64.92%-50.2pp

31.26%-16.5pp

Employer contribution / active EE

$1,682

$1,991-15.5%

$4,675-64.0%

$2,728-38.3%

Participant deferral / active EE

$3,334

$2,824+18.1%

$5,630-40.8%

$4,651-28.3%

Admin fee / account holder

$156

$437-64.3%

$15,900-99.0%

$433-64.0%

Provider

Service type

Compensation

NATIONWIDE9 years

Service code 15 · EIN 31-1592130

37 W. BROAD ST 10TH FLOOR · COLUMBUS, OH 43215

Recordkeeping

$53,670

ONEDIGITAL INVESTMENT ADVISORS LLC2 years

Filed as: ONEDIGITAL INVESTMENT ADVISORS

Service code 27 · EIN 43-1451524

4860 COLLEGE BLVD · OVERLAND PARK, KS 66211

Advisory (Plan)

$41,871

NEWPORT GROUP, INC.6 years

Service code 27 · EIN 27-2037969

200 DRYDEN RD SUITE 400 · DRESHER, PA 19025

Advisory (Plan)

$34,174

PROACCOUNT1 year

Service code 26 · EIN 73-0988442

10 W. NATIONWIDE BLVD. · COLUMBUS, OH 43215

Advisory (Participants)

$31,254

NATIONWIDE7 years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 15 · EIN 31-1592130

Recordkeeping

$1,735

EQUITAS HEALTH 401(K) PLAN AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EQUITAS HEALTH 401(K) PLAN AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

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