Plan Snapshot
- Plan Sponsor: Bright Health Management, INC.
- Sponsor EIN: 811108911
- Sponsor Address: 1601 UTICA AVE. S., ST. LOUIS PARK, MN, 55416
- Plan Type: 401(k)
- Total Participants: 403
- Total Assets: $50.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 403 | $50.7M | $1.3M | $2.5M |
| 2023 | 294 | $65.9M | $4.9M | $10.2M |
| 2022 | 1,344 | $45.8M | $5.8M | $12.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FROHLING ANDERSON | Auditor | $32,930 | — | $32,930 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,930
- Estimated Expense Ratio: 0.065% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $159,564 | $41,226 | — | $32,930 | — |
| 2023 | $209,039 | $35,493 | — | $13,203 | — |
| 2022 | $152,786 | $30,041 | — | — | — |