Healthwell Foundation 401(K) Plan — Form 5500 plan (Healthwell Foundation, Inc.)
Plain-English plan 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, Healthwell Foundation 401(K) Plan is a benefit plan reported by Healthwell Foundation, Inc. under EIN 20-0413676 and plan number 002. The latest loaded filing year is 2023. The filing reports 175 participants and $6,582,185 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$6.6MPlan net assets, end of year$6,582,185
Participants175Covered participants reported
Assets / participant$37.6KComputed: assets ÷ participants$37,612 (computed)
Provider compensation$40.5K2 Schedule C provider row(s)$40,541
- Plan sponsor
- Healthwell Foundation, Inc.
- EIN
- 20-0413676
- Plan number
- 002
- Plan type
- 2
- Location
- Germantown, MD
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 175 | H, C | 20241014134004NAL0027425889001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$6.6M total assets
Net assets$6.6MLiabilities—
Full reported line items
Net assets
- Total assets (EOY)
- $6,582,185
- Net assets (EOY)
- $6,582,185
- Net assets (BOY)
- $4,950,794
Income & contributions
- Employer contributions
- $530,578
- Participant contributions
- $696,429
- Total contributions
- $1,253,087
- Total income / additions
- $2,156,797
Expenses & distributions
- Benefits paid
- $484,865
- Administrative expenses
- $40,541
- Total expenses
- $525,406
- Net increase / (decrease)
- $1,631,391
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
43%57%
Employer 43%Participant 57%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income22%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $40,541 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |