Retirement plan

MY 401(K) RETIREMENT PLAN (FORMERLY AVERA HEALTH PROGRAM PENSION PLAN)

Name: AVERA HEALTH PLANS, INC. - MY 401(K) RETIREMENT PLAN (FORMERLY AVERA HEALTH PROGRAM PENSION PLAN) (2018) Form 5500
Creator: AVERA HEALTH PLANS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MY 401(K) RETIREMENT PLAN (FORMERLY AVERA HEALTH PROGRAM PENSION PLAN), AVERA HEALTH PLANS, INC.

AVERA HEALTH PLANS, INC.EIN 46-0451539Plan #002PY 2018

3900 WEST AVERA DRIVE, STE 300 - SIOUX FALLS, SD 57108605-322-4700averahealthplans.comLinkedIn51-200 employeesinsurance

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$13.1M

+22.8% from 2017

Total participants

320

+60.0% from 2017

Average account balance

$42,021

-22.8% from 2017

Annual return

9.93%

-11.11 pp from 2017

Benchmarks

See 691 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort691 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$29.18M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

460

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.30M

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

+21.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	-$394

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D2E

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$2K

$9 / participant

Investment mgmt$3K115.8%

% of EOY assets

0.019%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,021

$44,473-5.5%

$76,523-45.1%

$55,725-24.6%

Participation rate

97.3%

51.0%+46.3pp

68.0%+29.3pp

70.9%+26.4pp

Annual return

9.93%

-2.01%+11.9pp

-0.27%+10.2pp

244.93%-235.0pp

Employer contribution / active EE

$2,599

$1,101+136.0%

$2,647-1.8%

$2,078+25.1%

Participant deferral / active EE

$4,019

$1,988+102.2%

$3,835+4.8%

$3,356+19.8%

Admin fee / account holder

$134-94.1%

$4,848-99.8%

$115-93.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$394

MY 401(K) RETIREMENT PLAN (FORMERLY AVERA HEALTH PROGRAM PENSION PLAN)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MY 401(K) RETIREMENT PLAN (FORMERLY AVERA HEALTH PROGRAM PENSION 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