Retirement plan

HS1 MEDICAL MANAGEMENT, INC. 401(K) PLAN

Name: HS1 MEDICAL MANAGEMENT, INC. - HS1 MEDICAL MANAGEMENT, INC. 401(K) PLAN (2023) Form 5500
Creator: HS1 MEDICAL MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HS1 MEDICAL MANAGEMENT, INC. 401(K) PLAN, HS1 MEDICAL MANAGEMENT, INC.

HS1 MEDICAL MANAGEMENT, INC.EIN 65-0622851Plan #002PY 2023

2001 SOUTH ANDREWS AVENUE - FORT LAUDERDALE, FL 33316305-614-0356LinkedIn11-50 employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$634K assets

Prospect flagsLow returnsRecently reached 100 employees

How to read this page

Total assets (EOY)

$10.6M

+26.9% from 2022

Total participants

245

+23.1% from 2022

Average account balance

$43,417

No prior year

Annual return

15.24%

+32.83 pp from 2022

Benchmarks

See 6,236 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,236 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$21.65M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

424

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.

99.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+87.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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 5 by compensation

Provider	Service type	Compensation
NPPG1 year Filed as: NPPG INVESTMENT SERVICES LLC Service code 27 · EIN 32-0356844	Advisory (Plan)	$10,166
NATIONAL PROFESSIONAL PLANNING GROU1 year Service code 15 · EIN 22-3349752	Recordkeeping	$6,105
TRANSAMERICA RETIREMENT SOLUTIONS7 years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$4,501
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$1,830
NPPG1 year Filed as: NPPG PLAN PROFESSIONALS LLC Service code 27 · EIN 85-3213245	Advisory (Plan)	$412

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

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.
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.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$12K

$55 / participant

Investment mgmt$12K100.0%

% of EOY assets

0.117%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,417

$91,407-52.5%

$135,903-68.1%

$71,457-39.2%

Participation rate

100.0%

75.7%+24.3pp

81.9%+18.1pp

67.9%+32.1pp

Annual return

15.24%

29.90%-14.7pp

68.23%-53.0pp

28.85%-13.6pp

Employer contribution / active EE

$2,517

$3,703-32.0%

$4,856-48.2%

$2,588-2.7%

Participant deferral / active EE

$4,014

$7,092-43.4%

$7,758-48.3%

$4,289-6.4%

Admin fee / account holder

$51

$1,266-96.0%

$10,762-99.5%

$1,587-96.8%

Provider

Service type

Compensation

NPPG1 year

Filed as: NPPG INVESTMENT SERVICES LLC

Service code 27 · EIN 32-0356844

Advisory (Plan)

$10,166

NATIONAL PROFESSIONAL PLANNING GROU1 year

Service code 15 · EIN 22-3349752

Recordkeeping

$6,105

TRANSAMERICA RETIREMENT SOLUTIONS7 years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$4,501

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$1,830

NPPG1 year

Filed as: NPPG PLAN PROFESSIONALS LLC

Service code 27 · EIN 85-3213245

Advisory (Plan)

$412

HS1 MEDICAL MANAGEMENT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HS1 MEDICAL MANAGEMENT, 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