Retirement plan

C-HIT 401(K)

Name: CHAGS HEALTH INFORMATION TECHNOLOGY, LLC - C-HIT 401(K) (2023) Form 5500
Creator: CHAGS HEALTH INFORMATION TECHNOLOGY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, C-HIT 401(K), CHAGS HEALTH INFORMATION TECHNOLOGY, LLC

CHAGS HEALTH INFORMATION TECHNOLOGY, LLCEIN 46-2648765Plan #001PY 2023

10480 LITTLE PATUXENT PKWY, SUITE 600 - COLUMBIA, MD 21044301-850-0634LinkedIn11-50 employeescomputer software

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed April 28, 2020

Plan administrator

Plan administrator name- on Solo, $4.99 for your first month

10500 little patuxent pkwy ste 400

columbia, MD 21044

Email- on Solo, $4.99 for your first month Phone- on Solo, $4.99 for your first month

Plans declared (1)

C-HIT NQDC Plan 201920 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$7.9M

+20.0% from 2022

Total participants

112

-43.4% from 2022

Average account balance

$74,229

+43.5% from 2022

Annual return

19.68%

+39.21 pp from 2022

Benchmarks

See 28,722 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,722 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$8.96M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

103

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.

89.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$962K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+16.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53

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 10 of 13 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC2 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$5,597
BLACKROCK1 year Filed as: BLACKROCK FUNDS Service code 28 · EIN 04-6171663	Investment Management	$0
COLUMBIA1 year Filed as: COLUMBIA FUNDS Service code 28 · EIN 93-0577450	Investment Management	$0
DIMENSIONAL FUND ADVISORS1 year Filed as: DIMENSIONAL FUNDS Service code 28 · EIN 95-4470812	Investment Management	$0
FRANKLIN TEMPLETON1 year Service code 28 · EIN 13-2670991	Investment Management	$0
GOLDMAN SACHS1 year Filed as: GOLDMAN SACHS FUNDS Service code 28 · EIN 13-3575636	Investment Management	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN FUNDS Service code 28 · EIN 13-2624428	Investment Management	$0
LEGG MASON1 year Service code 28 · EIN 52-1200960	Investment Management	$0
MFS INVESTMENT MANAGEMENT1 year Filed as: MFS FUNDS Service code 28 · EIN 04-2747644	Investment Management	$0
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL JENNISON Service code 28 · EIN 22-3703799	Investment Management	$0

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T3B

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$6K

$87 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.070%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SAGGAR & ROSENBERG P.C
Auditor EIN: 522190100
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,229

$93,571-20.7%

$135,903-45.4%

$75,163-1.2%

Participation rate

92.2%

75.2%+17.0pp

81.9%+10.3pp

67.2%+25.0pp

Annual return

19.68%

30.90%-11.2pp

68.23%-48.5pp

160.62%-140.9pp

Employer contribution / active EE

$4,861

$3,537+37.5%

$4,856+0.1%

$2,670+82.1%

Participant deferral / active EE

$12,061

$6,404+88.3%

$7,758+55.5%

$4,125+192.4%

Admin fee / account holder

$52

$6,975-99.3%

$10,762-99.5%

$5,651-99.1%

Provider

Service type

Compensation

T ROWE PRICE RPS INC2 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$5,597

BLACKROCK1 year

Filed as: BLACKROCK FUNDS

Service code 28 · EIN 04-6171663

Investment Management

COLUMBIA1 year

Filed as: COLUMBIA FUNDS

Service code 28 · EIN 93-0577450

Investment Management

DIMENSIONAL FUND ADVISORS1 year

Filed as: DIMENSIONAL FUNDS

Service code 28 · EIN 95-4470812

Investment Management

FRANKLIN TEMPLETON1 year

Service code 28 · EIN 13-2670991

Investment Management

GOLDMAN SACHS1 year

Filed as: GOLDMAN SACHS FUNDS

Service code 28 · EIN 13-3575636

Investment Management

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN FUNDS

Service code 28 · EIN 13-2624428

Investment Management

LEGG MASON1 year

Service code 28 · EIN 52-1200960

Investment Management

MFS INVESTMENT MANAGEMENT1 year

Filed as: MFS FUNDS

Service code 28 · EIN 04-2747644

Investment Management

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL JENNISON

Service code 28 · EIN 22-3703799

Investment Management

C-HIT 401(K)

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

C-HIT 401(K)

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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