Retirement plan

ENSEMBLE RETIREMENT SAVINGS PLAN 401(K)

Name: ENSEMBLE HEALTH PARTNERS HOLDINGS, LLC - ENSEMBLE RETIREMENT SAVINGS PLAN 401(K) (2023) Form 5500
Creator: ENSEMBLE HEALTH PARTNERS HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENSEMBLE RETIREMENT SAVINGS PLAN 401(K), ENSEMBLE HEALTH PARTNERS HOLDINGS, LLC

ENSEMBLE HEALTH PARTNERS HOLDINGS, LLCEIN 84-2528019Plan #021PY 2023

11511 REED HARTMAN HIGHWAY - CINCINNATI, OH 45241513-466-2541ensemblehp.comLinkedIn10001+ employeeshospital & health care

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$195.6M

-39.7% from 2021

Total participants

9,876

-8.1% from 2021

Average account balance

$20,145

-20.2% from 2021

Annual return

29.99%

+36.53 pp from 2021

Benchmarks

See 224 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort224 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$269.19M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

13,498

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.

93.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+20.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$57

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 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	$580,917
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT, INC. Service code 26 · EIN 33-0905143	Advisory (Participants)	$50,417
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$25,662
KESTRA INVESTMENT SERVICES LLC2 years Service code 27 · EIN 35-2552359	Advisory (Plan)	$14,583
CASSELL PLAN AUDITS1 year Service code 10 · EIN 46-2966358	Accounting	$13,500
NFP RETIREMENT INC1 year Filed as: NFP CORPORATE SERVICES (PA), INC. Service code 26 · EIN 13-4096969	Advisory (Participants)	$7,500

Plan features & details

Pension benefit codes2J2S2T3H2E2F2G3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$692K

$79 / participant

Recordkeeping$581K83.9%
Investment mgmt$98K14.2%
Other / not subdivided$14K1.9%

% of EOY assets

0.354%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CASSELL PLAN AUDITS, INC.
Auditor EIN: 462966358
Audit fees: $13,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,145

$59,312-66.0%

$149,740-86.5%

$103,657-80.6%

Participation rate

98.1%

70.3%+27.8pp

78.8%+19.3pp

73.4%+24.7pp

Annual return

29.99%

78.03%-48.0pp

134.51%-104.5pp

33.13%-3.1pp

Employer contribution / active EE

$1,228

$2,187-43.8%

$4,821-74.5%

$3,216-61.8%

Participant deferral / active EE

$4,045

$3,719+8.8%

$5,683-28.8%

$5,218-22.5%

Admin fee / account holder

$71

$103-30.6%

$13,222-99.5%

$114-37.5%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

$580,917

NFP RETIREMENT INC1 year

Filed as: NFP RETIREMENT, INC.

Service code 26 · EIN 33-0905143

Advisory (Participants)

$50,417

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$25,662

KESTRA INVESTMENT SERVICES LLC2 years

Service code 27 · EIN 35-2552359

Advisory (Plan)

$14,583

CASSELL PLAN AUDITS1 year

Service code 10 · EIN 46-2966358

Accounting

$13,500

NFP RETIREMENT INC1 year

Filed as: NFP CORPORATE SERVICES (PA), INC.

Service code 26 · EIN 13-4096969

Advisory (Participants)

$7,500

ENSEMBLE RETIREMENT SAVINGS PLAN 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENSEMBLE RETIREMENT SAVINGS PLAN 401(K)

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