Retirement plan

INTEGRATED HEALTH RESOURCES 401(K) PLAN

Name: INTEGRATED HEALTH RESOURCES, LLC - INTEGRATED HEALTH RESOURCES 401(K) PLAN (2023) Form 5500
Creator: INTEGRATED HEALTH RESOURCES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTEGRATED HEALTH RESOURCES 401(K) PLAN, INTEGRATED HEALTH RESOURCES, LLC

INTEGRATED HEALTH RESOURCES, LLCEIN 58-2224682Plan #001PY 2023

1201 PEACHTREE ST NE, BLDG 400 STE - ATLANTA, GA 30303404-420-3202LinkedIn11-50 employeesmental health care

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$2M

+78.7% from 2022

Total participants

622

+17.8% from 2022

Average account balance

$3,429

+57.1% from 2022

Annual return

21.50%

+37.03 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.51M

Not enough data

1 years with asset history on file

Average account balance

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

$4K

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.

580

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$844K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+10.60%

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 2 by compensation

Provider	Service type	Compensation
HENSSLER ASSET MANAGEMENT LLC1 year Filed as: G W HENSSLER & ASSOCIATES Service code 26 · EIN 58-2189215	Advisory (Participants)	$7,816
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346	Recordkeeping	$2,825

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$26K

$62 / participant

Recordkeeping$14K52.7%
Investment mgmt$8K29.8%
Contract admin$5K17.5%

% of EOY assets

1.339%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CHERRY BEKAERT, LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,429

$47,163-92.7%

$149,696-97.7%

$74,460-95.4%

Participation rate

88.0%

63.4%+24.5pp

78.8%+9.2pp

70.7%+17.2pp

Annual return

21.50%

22.75%-1.3pp

134.46%-113.0pp

34.38%-12.9pp

Employer contribution / active EE

$1,907-100.0%

$4,821-100.0%

$2,638-100.0%

Participant deferral / active EE

$2,007

$2,730-26.5%

$5,682-64.7%

$4,530-55.7%

Admin fee / account holder

$46

$343-86.6%

$13,212-99.7%

$348-86.8%

Provider

Service type

Compensation

HENSSLER ASSET MANAGEMENT LLC1 year

Filed as: G W HENSSLER & ASSOCIATES

Service code 26 · EIN 58-2189215

Advisory (Participants)

$7,816

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

Recordkeeping

$2,825

INTEGRATED HEALTH RESOURCES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTEGRATED HEALTH RESOURCES 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