Plan Snapshot
- Plan Sponsor: Healthwell Foundation, INC.
- Sponsor EIN: 200413676
- Sponsor Address: 20440 CENTURY BOULEVARD, GERMANTOWN, MD, 20874
- Plan Type: 401(k)
- Total Participants: 231
- Total Assets: $7.4M
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 | 231 | $7.4M | $631,653 | $829,874 |
| 2023 | 197 | $6.6M | $530,578 | $696,429 |
| 2022 | 171 | $5.0M | $226,423 | $300,335 |
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 |
|---|---|---|---|---|
| WITHUMSMITH+BROWN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUMSMITH+BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $53,270 | — | $53,270 | — | — |
| 2023 | $40,541 | — | $40,541 | — | — |
| 2022 | $14,845 | $14,845 | — | — | — |