Retirement plan

BRIDGES HEALTH 401(K) PLAN

Name: AMITY CARE LLC - BRIDGES HEALTH 401(K) PLAN (2024) Form 5500
Creator: AMITY CARE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRIDGES HEALTH 401(K) PLAN, AMITY CARE LLC

AMITY CARE LLCdba BRIDGES HEALTHEIN 73-1554671Plan #333PY 2024

4350 WILL ROGERS PARKWAY, SUITE 300 - OKLAHOMA CITY, OK 73108405-943-1144

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$32.3M

+14.0% from 2023

Total participants

3,107

+3.2% from 2023

Average account balance

$28,718

+181.8% from 2023

Annual return

12.61%

-3.71 pp from 2023

Benchmarks

See 1,429 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,429 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.31M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

1,125

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.

28.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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
GLOBAL RETIREMENT PARTNERS LLC6 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$31,439
WELLTH ADVISORY SERVICES LLC1 year Filed as: WEALTH ADVSORY SERVICES, LLC Service code 27 · EIN 99-2539506	Advisory (Plan)	$23,475
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$17,045
EMPLOYEE BENEFITS GROUP, LLC8 years Service code 49 · EIN 73-1554797	Other Services	$14,812

Plan features & details

Pension benefit codes2E2G2J2T3H2F2K3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$170K

$62 / participant

Contract admin$170K100.0%

% of EOY assets

0.528%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILEY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,718

$53,204-46.0%

$155,556-81.5%

$200,096-85.6%

Participation rate

28.2%

64.1%-35.9pp

78.2%-50.1pp

72.0%-43.9pp

Annual return

12.61%

41.02%-28.4pp

64.84%-52.2pp

34.26%-21.7pp

Employer contribution / active EE

$318

$1,850-82.8%

$4,675-93.2%

$3,038-89.5%

Participant deferral / active EE

$1,106

$3,163-65.0%

$5,631-80.4%

$5,090-78.3%

Admin fee / account holder

$152

$186-18.4%

$15,885-99.0%

$269-43.7%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC6 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$31,439

WELLTH ADVISORY SERVICES LLC1 year

Filed as: WEALTH ADVSORY SERVICES, LLC

Service code 27 · EIN 99-2539506

Advisory (Plan)

$23,475

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$17,045

EMPLOYEE BENEFITS GROUP, LLC8 years

Service code 49 · EIN 73-1554797

Other Services

$14,812

BRIDGES HEALTH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRIDGES HEALTH 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