Retirement plan

WELLVANA 401(K) PLAN

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

WELLVANA INTEGRATION PARTNERS, LLCEIN 86-3069354Plan #001PY 2024

20 BURTON HILLS BLVD., SUITE 100 - NASHVILLE, TN 37215615-829-7300

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$2.9M

+15.4% from 2023

Total participants

250

+14.2% from 2023

Average account balance

$12,544

+1.0% from 2023

Annual return

29.64%

+1.04 pp from 2023

Benchmarks

See 1,422 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,422 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.91M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

232

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+29.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$170

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 3 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903	Advisory (Plan)	$13,528
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$12,479
ASCENSUS LLC2 years Filed as: ACCESS RETIREMENT SERVICES LLC Service code 13 190D SAUNDERSVILLE RD, STE 4004 · HENDERSONVILLE, TN 37075	Contract Administrator	$11,418

Plan features & details

Pension benefit codes2F2G2J2S2T3D

Plan features

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.
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.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$39K

$243 / participant

Recordkeeping$21K53.7%
Other / not subdivided$18K46.3%

% of EOY assets

1.354%

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: LORADAY CPA, PLLC
Auditor EIN: 922425687
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,544

$45,043-72.2%

$85,063-85.3%

$74,400-83.1%

Participation rate

88.9%

49.4%+39.5pp

67.5%+21.4pp

67.2%+21.7pp

Annual return

29.64%

26.26%+3.4pp

66.54%-36.9pp

1367.51%-1337.9pp

Employer contribution / active EE

$15

$1,458-99.0%

$2,727-99.5%

$2,624-99.4%

Participant deferral / active EE

$7,682

$2,733+181.1%

$4,523+69.9%

$4,348+76.7%

Admin fee / account holder

$170

$2,210-92.3%

$6,155-97.2%

$1,944-91.3%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 27

4340 REDWOOD HWY · SAN RAFAEL, CA 94903

Advisory (Plan)

$13,528

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$12,479

ASCENSUS LLC2 years

Filed as: ACCESS RETIREMENT SERVICES LLC

Service code 13

190D SAUNDERSVILLE RD, STE 4004 · HENDERSONVILLE, TN 37075

Contract Administrator

$11,418

WELLVANA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WELLVANA 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