Retirement plan

HEALTHRIGHT 360 403(B) RETIREMENT PLAN

Name: HEALTHRIGHT 360 - HEALTHRIGHT 360 403(B) RETIREMENT PLAN (2020) Form 5500
Creator: HEALTHRIGHT 360
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEALTHRIGHT 360 403(B) RETIREMENT PLAN, HEALTHRIGHT 360

HEALTHRIGHT 360EIN 94-6129071Plan #002PY 2020

1563 MISSION STREET - SAN FRANCISCO, CA 94103415-967-7038healthright360.orgLinkedIn501-1000 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$6.8M assets

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$16M

+172.3% from 2019

Total participants

1,484

+11.5% from 2019

Average account balance

$31,284

+448.9% from 2019

Annual return

16.28%

-2.17 pp from 2019

Benchmarks

See 1,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,342 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.12M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

497

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.

43.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.18M

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

+13.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$106

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 10 of 17 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC6+ years Service code 27 · EIN 47-1411118	Advisory (Plan)	$32,128
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Service code 49 · EIN 04-1590850	Other Services	$9,861
MUTUAL OF AMERICA INVESTMENT CORP6+ years Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO Service code 65 320 PARK AVE · NEW YORK, NY 10022	Account Maintenance	$368
AMERICAN FUNDS4 years Service code 52 · EIN 94-6050854	Indirect Investment Fees	$0
BARON4 years Service code 52 · EIN 13-6891420	Indirect Investment Fees	$0
CALVERT4 years Service code 52 · EIN 52-1233223	Indirect Investment Fees	$0
GOLDMAN SACHS4 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
INVESCO4 years Service code 52 · EIN 93-1036175	Indirect Investment Fees	$0
JANUS HENDERSON1 year Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT1 year Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2M2L2F2G2T

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$10K

$8 / participant

Contract admin$10K96.4%
Other / not subdivided$3683.6%

% of EOY assets

0.064%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ARMANINO LLP
Auditor EIN: 946214841
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,284

$56,095-44.2%

$178,503-82.5%

$90,274-65.3%

Participation rate

27.5%

65.6%-38.1pp

81.9%-54.5pp

73.4%-45.9pp

Annual return

16.28%

28.81%-12.5pp

151.12%-134.8pp

53.97%-37.7pp

Employer contribution / active EE

$1,572-100.0%

$5,011-100.0%

$2,523-100.0%

Participant deferral / active EE

$1,027

$2,669-61.5%

$5,202-80.3%

$4,231-75.7%

Admin fee / account holder

$20

$101-80.1%

$13,987-99.9%

$114-82.5%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC6+ years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$32,128

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Service code 49 · EIN 04-1590850

Other Services

$9,861

MUTUAL OF AMERICA INVESTMENT CORP6+ years

Filed as: MUTUAL OF AMERICA LIFE INSURANCE CO

Service code 65

320 PARK AVE · NEW YORK, NY 10022

Account Maintenance

$368

AMERICAN FUNDS4 years

Service code 52 · EIN 94-6050854

Indirect Investment Fees

BARON4 years

Service code 52 · EIN 13-6891420

Indirect Investment Fees

CALVERT4 years

Service code 52 · EIN 52-1233223

Indirect Investment Fees

GOLDMAN SACHS4 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

INVESCO4 years

Service code 52 · EIN 93-1036175

Indirect Investment Fees

JANUS HENDERSON1 year

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT1 year

Service code 52 · EIN 04-3158862

Indirect Investment Fees

HEALTHRIGHT 360 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEALTHRIGHT 360 403(B) 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