Retirement plan

HEARTLAND VETERINARY HOSPITAL 401(K) PROFIT SHARING PLAN

Name: HEARTLAND VETERINARY HOSPITAL, P.C. - HEARTLAND VETERINARY HOSPITAL 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: HEARTLAND VETERINARY HOSPITAL, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEARTLAND VETERINARY HOSPITAL 401(K) PROFIT SHARING PLAN, HEARTLAND VETERINARY HOSPITAL, P.C.

HEARTLAND VETERINARY HOSPITAL, P.C.EIN 82-3891187Plan #001PY 2022

#3 - 157 CENTER - EDWARDSVILLE, IL 62025618-655-5313heartlandvetpartners.comLinkedIn1001-5000 employeesveterinary

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$234K

+6.4% from 2021

Total participants

+50.0% from 2021

Average account balance

$23,377

-14.9% from 2021

Annual return

-13.32%

-287.09 pp from 2021

Benchmarks

See 133,909 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,909 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$943K

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$126K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+21.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$322

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,377

$138,078-83.1%

$125,363-81.4%

$134,509-82.6%

Participation rate

83.3%

84.5%-1.2pp

82.4%+1.0pp

81.2%+2.1pp

Annual return

-13.32%

750.49%-763.8pp

572.15%-585.5pp

418.13%-431.4pp

Employer contribution / active EE

$811

$5,245-84.5%

$4,815-83.2%

$4,741-82.9%

Participant deferral / active EE

$2,803

$7,800-64.1%

$7,447-62.4%

$6,400-56.2%

Admin fee / account holder

$11,566-100.0%

$10,005-100.0%

$11,427-100.0%

HEARTLAND VETERINARY HOSPITAL 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HEARTLAND VETERINARY HOSPITAL 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion