Retirement plan

BETTER HEALTH RETIREMENT PLAN

Name: BETTER HEALTH GROUP SERVICES, INC. - BETTER HEALTH RETIREMENT PLAN (2021) Form 5500
Creator: BETTER HEALTH GROUP SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BETTER HEALTH RETIREMENT PLAN, BETTER HEALTH GROUP SERVICES, INC.

BETTER HEALTH GROUP SERVICES, INC.EIN 87-3709729Plan #002PY 2021

601 S. HARBOUR ISLAND BLVD, SUITE 200 - TAMPA, FL 33602407-808-9653betterhealthgroup.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$9.6M

No prior year

Total participants

439

No prior year

Average account balance

$31,790

No prior year

Annual return

17.58%

No prior year

Benchmarks

See 3,799 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,799 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.39M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

664

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.

46.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.83M

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

+30.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$151

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 4 by compensation

Provider	Service type	Compensation
INVST1+ years Service code 26 · EIN 81-1661697	Advisory (Participants)	$42,753
BLUESTAR RETIREMENT SERVICES1+ years Filed as: BLUESTAR RETIREMENT SERVICES, INC. Service code 12 · EIN 59-3092339	Claims processing; Direct payment fro...	$26,187
BODINE PERRY1+ years Filed as: BODINE PERRY, PLLC Service code 10 · EIN 83-3033790	Accounting	$9,000
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$1,841

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$72K

$197 / participant

Investment mgmt$43K59.2%
Contract admin$20K28.3%
Other / not subdivided$9K12.5%

% of EOY assets

0.755%

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: BODINE PERRY, LLC
Auditor EIN: 833033790
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,790

$56,540-43.8%

$185,851-82.9%

$86,821-63.4%

Participation rate

62.4%

65.5%-3.1pp

81.7%-19.3pp

72.3%-9.9pp

Annual return

17.58%

118.20%-100.6pp

122.11%-104.5pp

97.94%-80.4pp

Employer contribution / active EE

$1,522

$1,844-17.5%

$5,168-70.6%

$2,406-36.8%

Participant deferral / active EE

$3,501

$2,555+37.0%

$5,569-37.1%

$4,132-15.3%

Admin fee / account holder

$240

$150+60.3%

$16,245-98.5%

$170+41.5%

Provider

Service type

Compensation

INVST1+ years

Service code 26 · EIN 81-1661697

Advisory (Participants)

$42,753

BLUESTAR RETIREMENT SERVICES1+ years

Filed as: BLUESTAR RETIREMENT SERVICES, INC.

Service code 12 · EIN 59-3092339

Claims processing; Direct payment fro...

$26,187

BODINE PERRY1+ years

Filed as: BODINE PERRY, PLLC

Service code 10 · EIN 83-3033790

Accounting

$9,000

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$1,841

BETTER HEALTH RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BETTER HEALTH RETIREMENT 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