Retirement plan

IMMEDIATE HEALTH 401(K) PLAN

Name: IMMEDIATE HEALTH ASSOCIATES, INC. - IMMEDIATE HEALTH 401(K) PLAN (2024) Form 5500
Creator: IMMEDIATE HEALTH ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IMMEDIATE HEALTH 401(K) PLAN, IMMEDIATE HEALTH ASSOCIATES, INC.

IMMEDIATE HEALTH ASSOCIATES, INC.EIN 31-1204097Plan #001PY 2024

575 COPELAND MILL ROAD, SUITE 1D - WESTERVILLE, OH 43081614-794-0481ihainc.orgLinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$5.6M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$28M

+13.7% from 2023

Total participants

133

-4.3% from 2023

Average account balance

$211,932

+18.8% from 2023

Annual return

34.12%

+12.85 pp from 2023

Benchmarks

See 21,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.97M

Not enough data

1 years with asset history on file

Average account balance

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

$212K

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.

132

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$656K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+34.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28

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 2 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.10+ years Filed as: CHARLES SCHWAB Service code 19 · EIN 42-1558009	Securities Custodian	$14,678
STANCORP FINANCIAL GROUP10+ years Service code 12 · EIN 93-1253576	Custodial (securities); Direct paymen...	$5,184

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$4K

$44 / participant

Contract admin$4K100.0%

% of EOY assets

0.013%

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: REA & ASSOCIATES
Auditor EIN: 341310124
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$211,932

$81,331+160.6%

$155,534+36.3%

$80,935+161.9%

Participation rate

98.8%

66.3%+32.6pp

78.2%+20.6pp

67.7%+31.2pp

Annual return

34.12%

33.37%+0.8pp

64.92%-30.8pp

35.66%-1.5pp

Employer contribution / active EE

$2,127

$3,105-31.5%

$4,675-54.5%

$2,757-22.9%

Participant deferral / active EE

$5,595

$3,454+62.0%

$5,630-0.6%

$4,299+30.1%

Admin fee / account holder

$28

$7,999-99.6%

$15,900-99.8%

$6,924-99.6%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.10+ years

Filed as: CHARLES SCHWAB

Service code 19 · EIN 42-1558009

Securities Custodian

$14,678

STANCORP FINANCIAL GROUP10+ years

Service code 12 · EIN 93-1253576

Custodial (securities); Direct paymen...

$5,184

IMMEDIATE HEALTH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IMMEDIATE HEALTH 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