Plan Snapshot
- Plan Sponsor: Health Connect America
- Sponsor EIN: 203858944
- Sponsor Address: 508 AUTUMN SPRINGS COURT, SUITE 2A, FRANKLIN, TN, 37067
- Plan Type: 401(k)
- Total Participants: 1,380
- Total Assets: $10.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,380 | $10.8M | $240,699 | $2.3M |
| 2023 | 1,373 | $8.4M | $190,647 | $2.1M |
| 2022 | 1,179 | $5.7M | $152,696 | $1.7M |
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 |
|---|---|---|---|---|
| CBIZ INVESTMENT ADVISORY SERVICES, | Other Service Provider | $3,028 | $50,475 | $53,503 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $22,439 | — | $22,439 |
| VOYA RETIREMENT INSURANCE & ANNUITY | Other Service Provider | $11,960 | — | $11,960 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,902
- Estimated Expense Ratio: 0.816% 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 | $140,047 | $78 | $107,577 | — | — |
| 2023 | $106,306 | $28,781 | — | — | — |
| 2022 | $75,625 | — | $75,625 | — | — |