Retirement plan

HEALTHMARK MEDICAL GROUP, LLC DBA HEALTHMARK GROUP, LLC 401(K) P/S PLAN

Name: HEALTHMARK MEDICAL GROUP, LLC DBA HEALTHMARK GROUP, LLC - HEALTHMARK MEDICAL GROUP, LLC DBA HEALTHMARK GROUP, LLC 401(K) P/S PLAN (2023) Form 5500
Creator: HEALTHMARK MEDICAL GROUP, LLC DBA HEALTHMARK GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEALTHMARK MEDICAL GROUP, LLC DBA HEALTHMARK GROUP, LLC 401(K) P/S PLAN, HEALTHMARK MEDICAL GROUP, LLC DBA HEALTHMARK GROUP, LLC

HEALTHMARK MEDICAL GROUP, LLC DBA HEALTHMARK GROUP, LLCEIN 36-4581087Plan #001PY 2023

325 N SAINT PAUL ST STE 1650 - DALLAS, TX 75201469-906-2971

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$5M

+81.1% from 2022

Total participants

533

+13.4% from 2022

Average account balance

$22,092

+26.3% from 2022

Annual return

48.85%

+43.83 pp from 2022

Benchmarks

See 820 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort820 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.12M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

276

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.

37.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+16.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$141

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
USI CONSULTING GROUP1 year Filed as: USI SECURITIES, INC. Service code 22 · EIN 06-1493970	Insurance Broker	$35,376
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044	Recordkeeping	$17,740
PAI2 years Service code 13 1201 ENTERPRISE DRIVE, SUITE D · DE PERE, WI 54115	Contract Administrator	$7,282

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D3H

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$26K

$49 / participant

Recordkeeping$25K98.0%
Investment mgmt$5102.0%

% of EOY assets

0.514%

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: SAVILLE CPAS & ADVISORS, LLC
Auditor EIN: 900525804
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,092

$40,435-45.4%

$80,627-72.6%

$74,460-70.3%

Participation rate

40.4%

47.4%-7.0pp

67.0%-26.6pp

70.7%-30.3pp

Annual return

48.85%

165.19%-116.3pp

936.76%-887.9pp

34.38%+14.5pp

Employer contribution / active EE

$701

$1,498-53.2%

$2,723-74.3%

$2,638-73.4%

Participant deferral / active EE

$1,360

$2,673-49.1%

$4,443-69.4%

$4,530-70.0%

Admin fee / account holder

$113

$721-84.3%

$5,381-97.9%

$348-67.4%

Provider

Service type

Compensation

USI CONSULTING GROUP1 year

Filed as: USI SECURITIES, INC.

Service code 22 · EIN 06-1493970

Insurance Broker

$35,376

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

Recordkeeping

$17,740

PAI2 years

Service code 13

1201 ENTERPRISE DRIVE, SUITE D · DE PERE, WI 54115

Contract Administrator

$7,282

HEALTHMARK MEDICAL GROUP, LLC DBA HEALTHMARK GROUP, LLC 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEALTHMARK MEDICAL GROUP, LLC DBA HEALTHMARK GROUP, LLC 401(K) P/S 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