Retirement plan

BALLAD HEALTH 401(A) PLAN

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

BALLAD HEALTHEIN 61-1771290Plan #003PY 2023

1019 W. OAKLAND AVENUE, SUITE 1 - JOHNSON CITY, TN 37604423-302-3255balladhealth.orgLinkedIn10001+ employeeshospital & health care

Other plans on this EIN

2 filings

#001Retirement-$517.3M assets #002Retirement-$103.3M assets

Prospect flagsLow returnsWind-down / frozen

How to read this page

Total assets (EOY)

$463.2M

+4.2% from 2020

Total participants

8,951

+35.1% from 2020

Average account balance

$51,747

-22.9% from 2020

Annual return

9.48%

+1.93 pp from 2020

Benchmarks

See 224 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort224 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$486.29M

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.

7,727

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36

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 4 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION5+ years Service code 13 · EIN 35-1140070	Contract Administrator	$206,145
CONCORD MARKETING SOLUTIONS, INC.1 year Service code 49 · EIN 36-3897016	Other Services	$51,926
OPPENHEIMER5+ years Filed as: OPPENHEIMER & CO., INC. Service code 16 · EIN 13-5657518	Consulting	$22,800
PYAPC5+ years Service code 10 · EIN 62-1517792	Accounting	$22,500

Plan features & details

Pension benefit codes2E2F2G2T3H2A3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$303K

$56 / participant

Investment mgmt$23K7.5%
Contract admin$206K68.0%
Other / not subdivided$74K24.5%

% of EOY assets

0.065%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PYAPC
Auditor EIN: 621517792
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,747

$59,312-12.8%

$149,740-65.4%

$103,657-50.1%

Participation rate

100.0%

70.3%+29.7pp

78.8%+21.2pp

73.4%+26.6pp

Annual return

9.48%

78.03%-68.6pp

134.51%-125.0pp

33.13%-23.7pp

Employer contribution / active EE

$2,187-100.0%

$4,821-100.0%

$3,216-100.0%

Participant deferral / active EE

$3,719-100.0%

$5,683-100.0%

$5,218-100.0%

Admin fee / account holder

$34

$103-67.0%

$13,222-99.7%

$114-70.3%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION5+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$206,145

CONCORD MARKETING SOLUTIONS, INC.1 year

Service code 49 · EIN 36-3897016

Other Services

$51,926

OPPENHEIMER5+ years

Filed as: OPPENHEIMER & CO., INC.

Service code 16 · EIN 13-5657518

Consulting

$22,800

PYAPC5+ years

Service code 10 · EIN 62-1517792

Accounting

$22,500

BALLAD HEALTH 401(A) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BALLAD HEALTH 401(A) 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