Retirement plan

WELBEHEALTH 401(K) PLAN

Name: WELBEHEALTH LLC - WELBEHEALTH 401(K) PLAN (2022) Form 5500
Creator: WELBEHEALTH LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WELBEHEALTH 401(K) PLAN, WELBEHEALTH LLC

WELBEHEALTH LLCEIN 47-4992647Plan #002PY 2022

405 EL CAMINO REAL, SUITE 248 - MENLO PARK, CA 94025888-530-4415welbehealth.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$10.7M

No prior year

Total participants

1,229

No prior year

Average account balance

$9,550

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 1,377 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,377 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.48M

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

2,189

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+18.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$90

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 3 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC1+ years Service code 99	Other Fees	$38,047
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Service code 26 · EIN 71-0294708	Advisory (Participants)	$34,979
NFP RETIREMENT INC1+ years Filed as: NFP RETIREMENT, INC. Service code 99 · EIN 33-0905143	Other Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$35K

$33 / participant

Other / not subdivided$35K100.0%

% of EOY assets

0.330%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: APRIO LLP
Auditor EIN: 571157523
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,550

$45,000-78.8%

$143,797-93.4%

$77,906-87.7%

Participation rate

89.7%

66.8%+22.9pp

80.3%+9.4pp

73.7%+16.1pp

Annual return

0.00%

29.03%-29.0pp

-0.04%0pp

12.16%-12.2pp

Employer contribution / active EE

$1,779

$1,870-4.8%

$4,952-64.1%

$2,846-37.5%

Participant deferral / active EE

$4,110

$3,157+30.2%

$5,638-27.1%

$4,805-14.5%

Admin fee / account holder

$32

$98-68.0%

$14,679-99.8%

$133-76.2%

Provider

Service type

Compensation

NFP RETIREMENT INC1+ years

Service code 99

Other Fees

$38,047

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$34,979

NFP RETIREMENT INC1+ years

Filed as: NFP RETIREMENT, INC.

Service code 99 · EIN 33-0905143

Other Fees

WELBEHEALTH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WELBEHEALTH 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