Retirement plan

HEARTLAND COMMUNITY HEALTH CLINIC 401(K) PLAN

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

HEARTLAND COMMUNITY HEALTH CLINIC, INC.EIN 37-1270794Plan #001PY 2024

2214 N UNIVERSITY ST. - PEORIA, IL 616043221309-680-7638LinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$6.4M

+9.3% from 2023

Total participants

222

-6.7% from 2023

Average account balance

$46,084

+21.9% from 2023

Annual return

13.10%

-5.51 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.41M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

139

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.

57.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$886K

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

+13.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$350

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
LPL FINANCIAL4 years Filed as: LPL FINANCIAL LLC Service code 27 1 BEACON ST FL 22 · BOSTON, MA 021083107	Advisory (Plan)	$36,273
CPI QUALIFIED PLAN CONSULTANTS, INC3 years Service code 15 · EIN 48-1205033	Recordkeeping	$12,406

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

2 tripped

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

$49K

$252 / participant

Recordkeeping$7K13.7%
Investment mgmt$36K74.5%
Contract admin$6K11.8%

% of EOY assets

0.760%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,084

$55,437-16.9%

$155,534-70.4%

$74,459-38.1%

Participation rate

57.0%

61.9%-4.9pp

78.2%-21.2pp

67.2%-10.2pp

Annual return

13.10%

269.58%-256.5pp

64.92%-51.8pp

1369.70%-1356.6pp

Employer contribution / active EE

$1,807

$2,266-20.3%

$4,675-61.3%

$2,626-31.2%

Participant deferral / active EE

$2,785

$2,837-1.9%

$5,630-50.5%

$4,350-36.0%

Admin fee / account holder

$350

$1,742-79.9%

$15,900-97.8%

$1,945-82.0%

Provider

Service type

Compensation

LPL FINANCIAL4 years

Filed as: LPL FINANCIAL LLC

Service code 27

1 BEACON ST FL 22 · BOSTON, MA 021083107

Advisory (Plan)

$36,273

CPI QUALIFIED PLAN CONSULTANTS, INC3 years

Service code 15 · EIN 48-1205033

Recordkeeping

$12,406

HEARTLAND COMMUNITY HEALTH CLINIC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEARTLAND COMMUNITY HEALTH CLINIC 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