2023 Form 5500 filing — Healthsmart Benefits Management, LLC 401(K) Retirement Benefit Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241013155656NAL0050868786001) for Healthsmart Benefits Management, LLC 401(K) Retirement Benefit Plan, reported by Healthsmart Benefits Management, LLC under EIN 27-1300475 and plan number 001. It reports 1,050 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241013155656NAL0050868786001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Healthsmart Benefits Management, LLC
- EIN
- 27-1300475
- Plan number
- 001
- Location
- Minnetonka, MN
- Participants
- 1,050
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $37,882,129
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $37,882,129
- Participant contributions
- $1,887,916
- Total income / additions
- $7,579,230
- Benefits paid
- $6,385,432
- Administrative expenses
- $117,975
- Total expenses
- $6,532,722
- Net increase / (decrease)
- $1,046,508
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Ins Co. Of America | RECORDKEEPER | $74,601 | $0 |
| Empower Annuity Ins Co. Of America | RECORDKEEPER | $51,422 | $0 |
| Usi Advisors Inc | INVESTMENT ADVISOR | $41,250 | not reported in the loaded dataset |
| Baker Tilly Virchow Krause, Llp | AUDITOR | $24,000 | not reported in the loaded dataset |
| Baker Tilly Virchow Krause, Llp | AUDITOR | $16,300 | not reported in the loaded dataset |
| Nfp Retirement, Inc. | ACCOUNTANT | $2,000 | not reported in the loaded dataset |