401(k) · DOL Form 5500 · 2023

Healthsmart Benefits Management, LLC 401(k) Plan

Data updated 2026-08-25

$38M
Total assets Below avg plan size
756
Participants Near avg headcount
82nd
Percentile by assets National rank
$50,109
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan · Sponsored by Healthsmart Benefits Management, LLC · Minnesota · Finance & Insurance

$38M in assets, 756 participants

Healthsmart Benefits Management, LLC's Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan reported $38M in total assets and 756 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.

  • #6,467 in Finance & Insurance (8,869 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, $38M for 756 participants (~$50,109/participant), up 2.8% in 2023.

#6,467
in Finance & Insurance (8,869 peers)
+2.8%
assets growth YoY
0.4×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$37,882,129 Top 18% higher than 82% 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

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

Plan-year 2023 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 (756 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan reported net income rose from -$9M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan end-of-year assets rose from $37M in the plan year 2022 filing to $38M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 271300475 · Healthsmart Benefits Management, LLC PY 2023 · 401(k)

Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan · $38M · 756 · 82nd

  • BOY $38M
  • BOY 756
  • BOY 82nd
  • BOY 401(k)
  • BOY near Composecure, LLC 401(k) Profit Sharing Plan
  • BOY ind #6467

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

Liberty Dental Plan Corporation 401(k) PlanLiberty Dental Plan Corporat…$38MOurisman Fairfax Toyota 401(k) PlanOurisman Fairfax Toyota 401(…$38MHealthsmart Benefits Management, LLC 401(k) Retirement Benefit PlanHealthsmart Benefits Managem…$38MComposecure, LLC 401(k) Profit Sharing PlanComposecure, LLC 401(k) Prof…$38MVerite Group, Inc. 401(k) Profit Sharing Plan and TrustVerite Group, Inc. 401(k) Pr…$38M
End-of-year total assets ($M) among Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$38M
Net Income$1M
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 -50510152025 Total assets ($B) Participants Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan, Total assets ($B): 0.037882129 · Participants: 756Healthsmart Benefits Management, LLC 401(k) Retirement Benefit PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.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 Composecure, LLC 401(k) Profit Sharing Plan in NJ ($38M); by covered participants it is Dialysis Employees' Profit Sharing 401(k) Salary Reduction Plan and Trust in GA (756 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (756 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 Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan assets move in 2023? ▼
Healthsmart Benefits Management, LLC 401(k) Retirement Benefit Plan edged up modestly - up 2.8% during 2023, from $37M to $38M. Reported net income was $1M.
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 82nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Composecure, LLC 401(k) Profit Sharing Plan in NJ ($38M, 868 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 Dialysis Employees' Profit Sharing 401(k) Salary Reduction Plan and Trust in GA (756 participants, $30M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.