Retirement plan

BLOOD ASSURANCE, INC. 401(K) PLAN

Name: BLOOD ASSURANCE, INC. - BLOOD ASSURANCE, INC. 401(K) PLAN (2024) Form 5500
Creator: BLOOD ASSURANCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLOOD ASSURANCE, INC. 401(K) PLAN, BLOOD ASSURANCE, INC.

BLOOD ASSURANCE, INC.EIN 62-0842419Plan #002PY 2024

705 EAST FOURTH STREET - CHATTANOOGA, TN 37403423-752-8467bloodassurance.orgLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.9M

+6.0% from 2023

Total participants

215

-4.0% from 2023

Average account balance

$60,408

+12.5% from 2023

Annual return

13.19%

-4.84 pp from 2023

Benchmarks

See 6,026 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,026 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.16M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

127

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.

48.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$825K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$270

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 6 by compensation

Provider	Service type	Compensation
PROACCOUNT1 year Service code 26 · EIN 43-0988442 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Participants)	$17,100
NATIONWIDE10+ years Service code 26 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Advisory (Participants)	$1,915
ERISA SERVICES, INC.4 years Filed as: ERISA SERVICES, INC Service code 14 · EIN 62-1200951 PO BOX 24628 · KNOXVILLE, TN 37933	Plan Administrator	$1,750
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON FINANCIAL Service code 27 · EIN 99-9552241 630 DUNDEE RD · NORTHBROOK, IL 60062	Advisory (Plan)	$1,547
NATIONWIDE1 year Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 99 · EIN 31-4156830 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Other Fees	$387
PPA/TPA2 years Filed as: PPA/TPA MARLY STONE Service code 26 705 EAST 4TH STREET · CHATTANOOGA, TN 374031916	Advisory (Participants)	$50

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$27K

$142 / participant

Recordkeeping$27K100.0%

% of EOY assets

0.342%

all-in expense ratio

Categories reported

1 / 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: JOHNSON, HICKEY, MURCHISON, P.C.
Auditor EIN: 621046406
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,408

$55,415+9.0%

$155,509-61.2%

$74,495-18.9%

Participation rate

56.0%

61.9%-5.9pp

78.2%-22.2pp

67.2%-11.2pp

Annual return

13.19%

268.50%-255.3pp

64.67%-51.5pp

1364.94%-1351.8pp

Employer contribution / active EE

$1,402

$2,267-38.1%

$4,672-70.0%

$2,623-46.5%

Participant deferral / active EE

$2,382

$2,836-16.0%

$5,626-57.7%

$4,346-45.2%

Admin fee / account holder

$207

$1,738-88.1%

$15,912-98.7%

$1,942-89.4%

Provider

Service type

Compensation

PROACCOUNT1 year

Service code 26 · EIN 43-0988442

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Participants)

$17,100

NATIONWIDE10+ years

Service code 26

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Advisory (Participants)

$1,915

ERISA SERVICES, INC.4 years

Filed as: ERISA SERVICES, INC

Service code 14 · EIN 62-1200951

PO BOX 24628 · KNOXVILLE, TN 37933

Plan Administrator

$1,750

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON FINANCIAL

Service code 27 · EIN 99-9552241

630 DUNDEE RD · NORTHBROOK, IL 60062

Advisory (Plan)

$1,547

NATIONWIDE1 year

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 99 · EIN 31-4156830

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Other Fees

$387

PPA/TPA2 years

Filed as: PPA/TPA MARLY STONE

Service code 26

705 EAST 4TH STREET · CHATTANOOGA, TN 374031916

Advisory (Participants)

$50

BLOOD ASSURANCE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLOOD ASSURANCE, INC. 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