Plan Snapshot
- Plan Sponsor: Healthsmart Benefits Management, LLC
- Sponsor EIN: 271300475
- Sponsor Address: 9900 BREN ROAD EAST, MINNETONKA, MN, 55343
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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 | 0 | $0 | $0 | $0 |
| 2023 | 707 | $37.9M | $0 | $1.9M |
| 2022 | 756 | $36.8M | $480,269 | $3.0M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS CO. OF AMERICA | Recordkeeper | $149,202 | — | $149,202 |
| USI ADVISORS INC | Investment Advisor | $82,500 | — | $82,500 |
| BAKER TILLY VIRCHOW KRAUSE, LLP | Auditor | $32,600 | — | $32,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $264,302
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 | $73,872 | — | — | $24,000 | — |
| 2023 | $117,975 | $41,250 | — | $16,300 | — |
| 2022 | $43,674 | — | — | — | — |