401(k) · DOL Form 5500 · 2023

Heart of America Management, LLC 401(k) Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets
1,004
Participants Near avg headcount
68th
Percentile by assets National rank
$15,570
Avg per participant Low balance/head
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Official DOL plan name: Heart of America 401(k) Plan · Sponsored by Heart of America Management, LLC · Illinois · Food Services & Accommodation

$16M in assets, 1,004 participants

Heart of America Management, LLC's Heart of America 401(k) Plan reported $16M in total assets and 1,004 participants in its 2023 DOL Form 5500 filing, ranking in the 68th 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.

  • #3,467 in Food Services & Accommodation (3,828 peers)

Food Services & Accommodation sector rank

Within Food Services & Accommodation, Heart of America 401(k) Plan ranks #3,467 of 3,828 2023 filers by assets (125% of the sector average)-$16M for 1,004 participants.

#3,467
in Food Services & Accommodation (3,828 peers)
+10.8%
assets growth YoY

Heart of America 401(k) Plan's outsized position by total assets

Heart of America 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$15,631,825 Top 32% higher than 68% of 127,068 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 2023

Heart of America 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Heart of America 401(k) Plan lands in the large band (1,004 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Heart of America 401(k) Plan reported net income rose from -$5M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Heart of America 401(k) Plan reported participants rose from 810 in the plan year 2022 filing to 1,004 in the plan year 2023 filing.
  • Heart of America 401(k) Plan end-of-year assets rose from $14M in the plan year 2022 filing to $16M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 320052825 · Heart of America Management, LLC PY 2023 · 401(k)

Heart of America 401(k) Plan · $16M · 1,004 · 68th

  • EOY $16M
  • EOY 1,004
  • EOY 68th
  • EOY 401(k)
  • EOY near Orthopaedics East & Sports Medicine Center, Inc. Profit Sharing Plan
  • EOY ind #3467

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 Food Services & Accommodation retirement plans → · Plans in Illinois →

Heart of America 401(k) Plan in the asset neighbourhood

Heart of America 401(k) Plan$16MOrthopaedics East & Sports Medicine Center, Inc. Profit Sharing PlanOrthopaedics East & Sports M…$16MFarmers State Bank Employees' 401(k) PlanFarmers State Bank Employees…$16MDevil Mountain Wholesale Nursery 401(k) Profit Sharing PlanDevil Mountain Wholesale Nur…$16MMirantis, Inc 401(k) Profit Sharing Plan TrustMirantis, Inc 401(k) Profit …$16M
End-of-year total assets ($M) among Heart of America 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Food Services & Accommodation filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$16M
Net Income$2M
Employer EIN320052825
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Heart of America Management, LLC)

Sponsor-wide plan assets over time

All Heart of America Management, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$16M 14.39250586661742% vs 2022
2024 filing year
$13M$14M$15M$16M$17M 202220232024 $14.1M $16.1M ▲ +14.4%
Year Plans Participants Total Assets
2022 1 810 $14M
2023 1 1,004 $16M
2024 1 1,167 $16M

Nearby 401(k) Plans in Illinois

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

Heart of America 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Heart of America 401(k) Plan, Total assets ($B): 0.015631825 · Participants: 1004Heart of America 401(k) PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
Heart of America 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants

Heart of America 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Orthopaedics East & Sports Medicine Center, Inc. Profit Sharing Plan in NC ($16M); by covered participants it is Metropolis Employee Services, LLC 401(k) Plan in TN (1,004 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,004 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Heart of America 401(k) Plan assets move in 2023?
Heart of America 401(k) Plan grew at a solid clip - up 10.8% during 2023, from $14M to $16M. Reported net income was $2M.
How have Heart of America Management, LLC plan assets changed over time?
Across 3 plan years on file (2022-2024), Heart of America Management, LLC's sponsor-wide assets grew 14.4%, from $14M to $16M.
Which 401(k) plans are similar in size to Heart of America 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Orthopaedics East & Sports Medicine Center, Inc. Profit Sharing Plan in NC ($16M, 60 participants).
Which 401(k) plans cover a similar participant headcount to Heart of America 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Metropolis Employee Services, LLC 401(k) Plan in TN (1,004 participants, $12M in assets).