Retirement plan

GOOD HEALTH, INC. 401(K) PROFIT SHARING PLAN

Name: GOOD HEALTH, INC. - GOOD HEALTH, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: GOOD HEALTH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOOD HEALTH, INC. 401(K) PROFIT SHARING PLAN, GOOD HEALTH, INC.

GOOD HEALTH, INC.EIN 95-4869622Plan #002PY 2021

410 CLOVERLEAF DR. - BALDWIN PARK, CA 91706626-626-9412

Prospect flagsLow participationLow employer contributionLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$4.1M

+15.5% from 2020

Total participants

320

-5.9% from 2020

Average account balance

$36,999

+10.3% from 2020

Annual return

12.51%

+2.02 pp from 2020

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

$1.91M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$369

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

+9.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$31358

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

0 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
LPL FINANCIAL1 year Filed as: LPL FINANCIAL CORP Service code 49 · EIN 95-2834236	Other Services	$16,703
PRINCIPAL LIFE INSURANCE COMPANY6 years Service code 13 · EIN 42-0127290	Contract Administrator	$12,963
GOOD HEALTH, INC.1 year Service code 10 · EIN 95-4869622	Accounting	$8,656
WILSHIRE ASSOCIATES INCORPORATED6 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

4 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.
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

$23K

$80 / participant

Contract admin$14K61.6%
Other / not subdivided$9K38.4%

% of EOY assets

0.548%

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: LTSP, INC.
Auditor EIN: 953864890
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,999

$56,540-34.6%

$185,851-80.1%

$86,821-57.4%

Participation rate

25.4%

65.5%-40.2pp

81.7%-56.4pp

72.3%-46.9pp

Annual return

12.51%

118.20%-105.7pp

122.11%-109.6pp

97.94%-85.4pp

Employer contribution / active EE

$340

$1,844-81.6%

$5,168-93.4%

$2,406-85.9%

Participant deferral / active EE

$1,418

$2,555-44.5%

$5,569-74.5%

$4,132-65.7%

Admin fee / account holder

$203

$150+35.6%

$16,245-98.8%

$170+19.6%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL CORP

Service code 49 · EIN 95-2834236

Other Services

$16,703

PRINCIPAL LIFE INSURANCE COMPANY6 years

Service code 13 · EIN 42-0127290

Contract Administrator

$12,963

GOOD HEALTH, INC.1 year

Service code 10 · EIN 95-4869622

Accounting

$8,656

WILSHIRE ASSOCIATES INCORPORATED6 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

GOOD HEALTH, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOOD HEALTH, INC. 401(K) PROFIT SHARING 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