Retirement plan

WASATCH HOMELESS HEALTH CARE, INC. 401(K) PLAN

Name: WASATCH HOMELESS HEALTH CARE, INC. DBA 4TH STREET CLINIC - WASATCH HOMELESS HEALTH CARE, INC. 401(K) PLAN (2024) Form 5500
Creator: WASATCH HOMELESS HEALTH CARE, INC. DBA 4TH STREET CLINIC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASATCH HOMELESS HEALTH CARE, INC. 401(K) PLAN, WASATCH HOMELESS HEALTH CARE, INC. DBA 4TH STREET CLINIC

WASATCH HOMELESS HEALTH CARE, INC. DBA 4TH STREET CLINICEIN 87-0569356Plan #002PY 2024

409 WEST 400 SOUTH - SALT LAKE CITY, UT 84101385-234-5722

Prospect flagsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.6M

+10.5% from 2023

Total participants

150

-3.8% from 2023

Average account balance

$30,642

+23.7% from 2023

Annual return

15.04%

-2.08 pp from 2023

Benchmarks

See 6,007 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,007 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.59M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

117

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.

70.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$618K

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

+15.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$161

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
LINCOLN NATIONAL CORPORATION1 year Service code 13 · EIN 35-1140070	Contract Administrator	$10,957
NATIONAL BENEFIT SERVICES, LLC1 year Filed as: NATIONAL BENEFIT SERVICES LLC Service code 15 · EIN 20-3886993	Recordkeeping	$7,406
STADION MONEY MANAGEMENT1 year Service code 26 · EIN 58-2099805	Advisory (Participants)	$525

Plan features & details

Pension benefit codes2E2F2G2J2T3D2K

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$19K

$167 / participant

Contract admin$19K100.0%

% of EOY assets

0.527%

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: SQUIRE & COMPANY, PC
Auditor EIN: 870343246
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,642

$55,446-44.7%

$155,574-80.3%

$74,429-58.8%

Participation rate

70.8%

61.9%+8.9pp

78.2%-7.4pp

67.2%+3.6pp

Annual return

15.04%

269.20%-254.2pp

64.87%-49.8pp

1368.38%-1353.3pp

Employer contribution / active EE

$2,492

$2,266+10.0%

$4,676-46.7%

$2,625-5.1%

Participant deferral / active EE

$2,981

$2,836+5.1%

$5,629-47.1%

$4,348-31.5%

Admin fee / account holder

$161

$1,743-90.7%

$15,914-99.0%

$1,944-91.7%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION1 year

Service code 13 · EIN 35-1140070

Contract Administrator

$10,957

NATIONAL BENEFIT SERVICES, LLC1 year

Filed as: NATIONAL BENEFIT SERVICES LLC

Service code 15 · EIN 20-3886993

Recordkeeping

$7,406

STADION MONEY MANAGEMENT1 year

Service code 26 · EIN 58-2099805

Advisory (Participants)

$525

WASATCH HOMELESS HEALTH CARE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASATCH HOMELESS HEALTH CARE, INC. 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