Plans » Benchmarking Engine
Benchmarking Recover Health 401(K) Plan in Minnetonka, MN against
neutral (9)
Recover Health 401(K) Plan in Minnetonka, MN has the 2nd-least net assets (assets minus liabilities) ($11.20M) of the 24 plans in Minnetonka, MN. Those $11.20M compare to an average of $24.00M across the 24 plans.
Note: net assets (assets minus liabilities) =
total assets - total liabilities
Recover Health 401(K) Plan has these standings among those 24 plans:
Note: net assets (assets minus liabilities) =
total assets - total liabilities
Recover Health 401(K) Plan has these standings among those 24 plans:
- net assets (assets minus liabilities) = $11.20M (2nd-least)
- total assets = $11.20M (2nd-least)
- total liabilities = $0 (the least, tied)
- in city. Values were kept only if they occurred at least 20 times. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- net assets (assets minus liabilities). At end of plan year. Net assets equal total assets minus total liabilities. Line 1l from Schedule H. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Recover Health 401(K) Plan in Minnetonka, MN is in Minnetonka, MN, its EIN is 264766106, its industry group is Home Health Care Services, its plan administrator is Greg Von Arx, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides for automatic enrollment, is a single-employer plan, has total assets of $10M to $50M, has 1,000 to 4,999 total participants, is worse than the overall participant averages in each of net income per active participant, average account balance, active-participant contributions per head, and employer contributions per active participant (4 total), and is higher than the overall administrative medians in each of contract administrator fees, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets ($11.20M)
- net assets (assets minus liabilities) ($11.20M)
- value of interest in pooled separate accounts ($11,071,585)
- total income ($3,610,584)
- total contributions ($2,309,917)
- cash contributions from participants ($2,003,755)
- total expenses ($1,834,402)
- net income ($1,776,182)
- cash contributions from employers ($218,673)
- participant loans ($121,835)
- contract administrator fees ($105,477)
- total administrative expenses ($105,477)
- average account balance ($6,181)
- average participant cash contribution per active participant ($1,595)
- net income per active participant ($1,414)
- average employer cash contribution per active participant ($174.10)
- total administrative expense per participant ($58.21)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in common/collective trusts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of interest in registered investment companies (e.g., mutual funds) ($0.0K)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- percentage of active participants at the end of the plan year (69.3%)
- diversity of asset types (1.9%)
- participant loans as a percentage of plan assets (1.09%)
- total administrative expense ratio (0.940%)
- employer securities as a percentage of plan assets (0.00%)
- active participants at the end of the plan year (1,256)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (1,812)
- other retired or separated participants entitled to future benefits (556)
- retired or separated participants receiving benefits (0)
- total participants (1,812)
Global References