Bright Health Management, Inc. 401(K) Plan — Form 5500 plan (Bright Health Management, 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, Bright Health Management, Inc. 401(K) Plan is a benefit plan reported by Bright Health Management, Inc. under EIN 81-1108911 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,867 participants and $65,864,202 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bright Health Management, Inc.
- EIN
- 81-1108911
- Plan number
- 001
- Plan type
- 2
- Location
- Minneapolis, MN
- Latest filing year
- 2023
- Participants
- 1,867
- End-of-year plan assets
- $65,864,202
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,867 | H, C | 20240905075315NAL0020784305001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $65,864,202
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $65,864,202
- Net assets (BOY)
- $45,790,640
Income & contributions
- Employer contributions
- $4,912,873
- Participant contributions
- $10,176,743
- Total contributions
- $17,353,347
- Total income / additions
- $27,366,729
Expenses & distributions
- Benefits paid
- $20,524,009
- Administrative expenses
- $209,039
- Total expenses
- $20,944,241
- Net increase / (decrease)
- $6,422,488
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $160,343 | $0 | 2023 |
| Christensen Group Financial LLC | ADVISOR | $30,000 | not reported in the loaded dataset | 2023 |
| Froehling Anderson Ltd | ACCOUNTANT/AUDITOR | $13,203 | not reported in the loaded dataset | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $5,493 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Bright Health Management, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in Minneapolis, MN
- Fidelity Investments Institutional — Schedule C compensation
- Christensen Group Financial LLC — Schedule C compensation
- Froehling Anderson Ltd — Schedule C compensation
- Strategic Advisors, Inc. — Schedule C compensation