Retirement plan

CHANCELLOR HEALTH PARTNERS, LLC 401(K) PLAN

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

CHANCELLOR HEALTH PARTNERS, LLCEIN 83-0704849Plan #001PY 2024

4100 REGENT STREET, SUITE F - COLUMBUS, OH 43219614-342-8400LinkedIn1-10 employeesfund-raising

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.5M

+22.7% from 2023

Total participants

469

+3.8% from 2023

Average account balance

$22,201

+13.7% from 2023

Annual return

13.44%

-3.89 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.53M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

339

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.

55.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$917K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$114

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
NATIONWIDE7+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$36,234
NEWPORT GROUP, INC.5 years Service code 13 · EIN 27-2037969 DEPT LA 24540 · PASADENA, CA 91185	Contract Administrator	$2,350

Plan features & details

Pension benefit codes2E2F2G2J3B3D3F3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$39K

$132 / participant

Contract admin$36K93.9%
Other / not subdivided$2K6.1%

% of EOY assets

0.513%

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: CARR, RIGGS AND INGRAM, LLC
Auditor EIN: 721396621
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,201

$50,919-56.4%

$155,556-85.7%

$77,762-71.4%

Participation rate

55.5%

63.1%-7.6pp

78.2%-22.7pp

70.6%-15.1pp

Annual return

13.44%

34.84%-21.4pp

64.84%-51.4pp

31.27%-17.8pp

Employer contribution / active EE

$1,226

$1,991-38.4%

$4,675-73.8%

$2,728-55.1%

Participant deferral / active EE

$1,916

$2,824-32.2%

$5,631-66.0%

$4,651-58.8%

Admin fee / account holder

$114

$437-73.9%

$15,885-99.3%

$433-73.7%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$36,234

NEWPORT GROUP, INC.5 years

Service code 13 · EIN 27-2037969

DEPT LA 24540 · PASADENA, CA 91185

Contract Administrator

$2,350

CHANCELLOR HEALTH PARTNERS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHANCELLOR HEALTH PARTNERS, LLC 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