Retirement plan

UNITY HEALTHCARE 401(K) PROFIT SHARING PLAN

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

UNITY HEALTHCARE, LLCEIN 35-1948578Plan #001PY 2024

1250 SOUTH CREASY LANE, SUITE A - LAFAYETTE, IN 479054960765-446-5272unityhc.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$96.8M

-8.2% from 2023

Total participants

518

-9.6% from 2023

Average account balance

$199,189

+4.6% from 2023

Annual return

11.74%

-1.35 pp from 2023

Benchmarks

See 4,124 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,124 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$96.81M

Not enough data

1 years with asset history on file

Average account balance

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

$199K

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.

486

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.28M

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

+11.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$890

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
MILLIMAN, INC.5 years Filed as: MILLIMAN Service code 15 · EIN 91-0675641	Recordkeeping	$85,930
WALLINGTON ASSET MANAGEMENT10+ years Service code 26 · EIN 31-1221237	Advisory (Participants)	$54,491

Plan features & details

Pension benefit codes2E2F2G2J2R2T3B3D3H

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$433K

$1247 / participant

Recordkeeping$86K19.9%
Investment mgmt$54K12.6%
Other / not subdivided$292K67.6%

% of EOY assets

0.447%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RUBIN BROWN, LLP
Auditor EIN: 430765316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$199,189

$50,860+291.6%

$155,574+28.0%

$77,714+156.3%

Participation rate

90.8%

63.1%+27.7pp

78.2%+12.6pp

70.6%+20.2pp

Annual return

11.74%

34.86%-23.1pp

64.87%-53.1pp

31.26%-19.5pp

Employer contribution / active EE

$4,255

$1,991+113.7%

$4,676-9.0%

$2,727+56.0%

Participant deferral / active EE

$5,209

$2,825+84.4%

$5,629-7.5%

$4,649+12.0%

Admin fee / account holder

$890

$436+104.0%

$15,914-94.4%

$433+105.5%

Provider

Service type

Compensation

MILLIMAN, INC.5 years

Filed as: MILLIMAN

Service code 15 · EIN 91-0675641

Recordkeeping

$85,930

WALLINGTON ASSET MANAGEMENT10+ years

Service code 26 · EIN 31-1221237

Advisory (Participants)

$54,491

UNITY HEALTHCARE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITY HEALTHCARE 401(K) PROFIT SHARING 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