Retirement plan

IMPROVE HEALTH 401(K) PLAN

Name: MICHIGAN PEER REVIEW ORGANIZATION - IMPROVE HEALTH 401(K) PLAN (2022) Form 5500
Creator: MICHIGAN PEER REVIEW ORGANIZATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IMPROVE HEALTH 401(K) PLAN, MICHIGAN PEER REVIEW ORGANIZATION

MICHIGAN PEER REVIEW ORGANIZATIONdba IMPROVE HEALTHEIN 38-2536610Plan #001PY 2022

625 KENMOOR AVE SE, SUITE 350 PMB 47995 - GRAND RAPIDS, MI 49546248-465-7300

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed June 13, 2025

Plan administrator

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625 Kenmoore Ave, Suite 350

Grand Rapids, MI 49546

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Plans declared (2)

457(b) Plan17 emp
457(f) Plan5 emp

Total covered: 22 employees

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Total assets (EOY)

$5.8M

-19.5% from 2021

Total participants

+1.2% from 2021

Average account balance

$78,968

-12.9% from 2021

Annual return

-13.45%

-23.36 pp from 2021

Benchmarks

See 9,360 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,360 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.06M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

102

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.

129.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$813K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3238

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

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Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

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

$942K

$17437 / participant

Other / not subdivided$942K100.0%

% of EOY assets

16.334%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,968

$54,370+45.2%

$82,763-4.6%

$68,490+15.3%

Participation rate

83.3%

63.9%+19.4pp

72.6%+10.8pp

67.9%+15.4pp

Annual return

-13.45%

-13.67%+0.2pp

702.45%-715.9pp

-7.85%-5.6pp

Employer contribution / active EE

$2,368

$2,219+6.7%

$3,008-21.3%

$2,597-8.8%

Participant deferral / active EE

$6,447

$3,247+98.5%

$4,395+46.7%

$4,028+60.1%

Admin fee / account holder

$12,898

$4,398+193.3%

$5,325+142.2%

$5,403+138.7%

IMPROVE HEALTH 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IMPROVE HEALTH 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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