Retirement plan

HEALTHCARE INFORMATION SERVICES, L.L.C. PROFIT SHARING 401(K) PLAN

Name: HEALTHCARE INFORMATION SERVICES, L.L.C. - HEALTHCARE INFORMATION SERVICES, L.L.C. PROFIT SHARING 401(K) PLAN (2022) Form 5500
Creator: HEALTHCARE INFORMATION SERVICES, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEALTHCARE INFORMATION SERVICES, L.L.C. PROFIT SHARING 401(K) PLAN, HEALTHCARE INFORMATION SERVICES, L.L.C.

HEALTHCARE INFORMATION SERVICES, L.L.C.EIN 36-4089115Plan #001PY 2022

5707 S. CASS AVE. #602 - WESTMONT, IL 60559630-321-2783healthcareinformationservices.comLinkedIn1-10 employees

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$4.1M

-26.2% from 2021

Total participants

-21.4% from 2021

Average account balance

$50,208

-8.8% from 2021

Annual return

-18.48%

-31.31 pp from 2021

Benchmarks

See 4,928 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort4,928 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.76M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$100K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9883

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$450

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$10K

$188 / participant

Investment mgmt$4244.4%
Other / not subdivided$9K95.6%

% of EOY assets

0.236%

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: PKF MUELLER
Auditor EIN: 362658780
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,208

$45,872+9.5%

$77,100-34.9%

$68,490-26.7%

Participation rate

78.4%

55.9%+22.5pp

67.9%+10.5pp

Annual return

-18.48%

1.73%-20.2pp

42.35%-60.8pp

-7.85%-10.6pp

Employer contribution / active EE

$1,650-100.0%

$2,815-100.0%

$2,597-100.0%

Participant deferral / active EE

$3,770

$2,963+27.3%

$4,430-14.9%

$4,028-6.4%

Admin fee / account holder

$118

$3,041-96.1%

$5,443-97.8%

$5,403-97.8%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$450

HEALTHCARE INFORMATION SERVICES, L.L.C. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEALTHCARE INFORMATION SERVICES, L.L.C. PROFIT SHARING 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