401(k) · DOL Form 5500 · 2022

Healthsmart Benefits Management, LLC 401(k) Plan

Data updated 2026-08-25

$37M
Total assets Below avg plan size
762
Participants Near avg headcount
85th
Percentile by assets National rank
$48,341
Avg per participant Low balance/head
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Official DOL plan name: Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan · Sponsored by Healthsmart Benefits Management, LLC · Minnesota · Finance & Insurance

$37M in assets, 762 participants

Healthsmart Benefits Management, LLC's Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan reported $37M in total assets and 762 participants in its 2022 DOL Form 5500 filing, ranking in the 85th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,040 in Finance & Insurance (9,261 peers)

Where Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan sits by assets

Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan sits in the top quartile of all filed plans by assets, $37M for 762 participants (~$48,341/participant), down 19.6% in 2022.

#7,040
in Finance & Insurance (9,261 peers)
-19.6%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan's outsized position by total assets

Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$36,835,621 Top 15% higher than 85% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan sits mid-pack in the medium band (762 participants).

Published 5500 schedule card

Filing strip 271300475 · Healthsmart Benefits Management, LLC PY 2022 · 401(k)

Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan · $37M · 762 · 85th

  • PHOTO $37M
  • IND 762
  • EOY 85th
  • 5500 401(k)
  • ASSETS near Cardinal Operating Company 401(k) Plan
  • PCT ind #7040

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Minnesota →

Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan in the asset neighbourhood

Healthsmart Benefits Management, LLC 401(k) Retirement Benefit PlanHealthsmart Benefits Managem…$37MCardinal Operating Company 401(k) PlanCardinal Operating Company 4…$37MConnell Limited Partnership Employee Retirement Savings PlanConnell Limited Partnership …$37MDechra Veterinary Products 401(k) PlanDechra Veterinary Products 4…$37MBirkey's Farm Store, Inc. 401(k) Profit Sharing PlanBirkey's Farm Store, Inc. 40…$37M
End-of-year total assets ($M) among Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$46M
Net Assets (End of Year)$37M
Net Income-$9M
Employer EIN271300475
Plan Effective Date1987-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Healthsmart Benefits Management, LLC)

Sponsor-wide plan assets over time

All Healthsmart Benefits Management, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$38M 2.8410217381702347% vs 2022
2023 filing year
$36.5M$37M$37.5M$38M 20222023 $36.8M $37.9M ▲ +2.8%
Year Plans Participants Total Assets
2022 1 762 $37M
2023 2 1,463 $38M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan, Total assets ($B): 0.036835621 · Participants: 762Healthsmart Benefits Management, LLC 401(k) Retirement Benefit PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan side-by-side with 3 peers →

Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Cardinal Operating Company 401(k) Plan in OH ($37M); by covered participants it is Virco Mfg. Corporation 401(k) Plan in CA (762 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (762 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan assets move in 2022? ▼
Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan declined sharply - down 19.6% during 2022, from $46M to $37M. Reported net income was -$9M.
How have Healthsmart Benefits Management, LLC plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Healthsmart Benefits Management, LLC's sponsor-wide assets grew 2.8%, from $37M to $38M.
Where does Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan rank by assets among Form 5500 filers? ▼
Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan ranks in the 85th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan? ▼
Among 401(k) plans in other states, the closest by assets is Cardinal Operating Company 401(k) Plan in OH ($37M, 277 participants).
Which 401(k) plans cover a similar participant headcount to Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Virco Mfg. Corporation 401(k) Plan in CA (762 participants, $40M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 271300475.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.