Retirement plan

INREACH 401(K) PLAN

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

INREACH HEALTHCARE, LLCEIN 81-4385857Plan #001PY 2024

100 TECHNOLOGY DRIVE, BUILDING C, STE #300 - BROOMFIELD, CO 80021720-646-1764irhealthcare.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.7M

+32.1% from 2023

Total participants

227

+10.2% from 2023

Average account balance

$40,773

+15.2% from 2023

Annual return

16.81%

-17.74 pp from 2023

Benchmarks

See 6,010 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,010 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.67M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

188

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.

81.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$466

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
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES Service code 16	Consulting	$66,642
ADP BROKER-DEALER3 years Filed as: ADP RETIREMENT SERVICES Service code 15 · EIN 57-1198022	Recordkeeping	$20,908

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$88K

$421 / participant

Other / not subdivided$88K100.0%

% of EOY assets

1.142%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CBIZ CPAS, P.C.
Auditor EIN: 431947695
Audit fees: $87,550
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,773

$55,423-26.4%

$155,602-73.8%

$74,400-45.2%

Participation rate

81.3%

61.9%+19.4pp

78.2%+3.0pp

67.2%+14.0pp

Annual return

16.81%

269.07%-252.3pp

64.81%-48.0pp

1367.51%-1350.7pp

Employer contribution / active EE

$2,351

$2,266+3.8%

$4,675-49.7%

$2,624-10.4%

Participant deferral / active EE

$4,764

$2,835+68.1%

$5,629-15.4%

$4,348+9.6%

Admin fee / account holder

$466

$1,744-73.3%

$15,923-97.1%

$1,944-76.0%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES

Service code 16

Consulting

$66,642

ADP BROKER-DEALER3 years

Filed as: ADP RETIREMENT SERVICES

Service code 15 · EIN 57-1198022

Recordkeeping

$20,908

INREACH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INREACH 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