Retirement plan

403(B) THRIFT PLAN OF HEALTHFIRST NETWORK, INC.

Name: HEALTHFIRST NETWORK, INC. F/K/A FAMILY PLANNING HEALTH SERVICES, INC. - 403(B) THRIFT PLAN OF HEALTHFIRST NETWORK, INC. (2024) Form 5500
Creator: HEALTHFIRST NETWORK, INC. F/K/A FAMILY PLANNING HEALTH SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF HEALTHFIRST NETWORK, INC., HEALTHFIRST NETWORK, INC. F/K/A FAMILY PLANNING HEALTH SERVICES, INC.

HEALTHFIRST NETWORK, INC. F/K/A FAMILY PLANNING HEALTH SERVICES, INC.EIN 39-1206364Plan #001PY 2024

216 S 3RD AVE - WAUSAU, WI 54401715-679-3811

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

+26.5% from 2023

Total participants

+6.9% from 2023

Average account balance

$29,900

+14.1% from 2023

Annual return

14.42%

-3.80 pp from 2023

Benchmarks

See 21,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.82M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

135.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$282K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1987

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

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 codes2F2G2M2S2T3D

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$121K

$2694 / participant

Other / not subdivided$121K100.0%

% of EOY assets

6.646%

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

$29,900

$81,331-63.2%

$155,534-80.8%

$80,935-63.1%

Participation rate

97.8%

66.3%+31.5pp

78.2%+19.6pp

67.7%+30.1pp

Annual return

14.42%

33.37%-18.9pp

64.92%-50.5pp

35.66%-21.2pp

Employer contribution / active EE

$1,835

$3,105-40.9%

$4,675-60.8%

$2,757-33.4%

Participant deferral / active EE

$4,439

$3,454+28.5%

$5,630-21.2%

$4,299+3.2%

Admin fee / account holder

$1,987

$7,999-75.2%

$15,900-87.5%

$6,924-71.3%

403(B) THRIFT PLAN OF HEALTHFIRST NETWORK, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF HEALTHFIRST NETWORK, INC.

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