Concerto Healthai Solutions 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2021. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Concerto Healthai Solutions 401(k) Plan Facts (plan year 2021)

Plan name
CONCERTO HEALTH AI SOLUTIONS 401 (K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CONCERTO HEALTH AI SOLUTIONS, LL
Participants
498 (517 active employees)
Former employees with a balance
127
Plan assets
$30,911,336 at Dec 31, 2021
Average account balance
$51,009 across 606 accounts
Employer contributions
$1,723,002 in plan year 2021 (25% of all contributions)
Recordkeeper
Adp, Inc.
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Aug 23, 2018
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2021 (Jan 1, 2021 – Dec 31, 2021), filed Oct 15, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $6.85 million went into the plan in contributions, $1.72 million of it from the employer (25%).
  • $2.77 million was paid out to participants.
  • Investment and other income added $3.81 million.
  • Administrative expenses were $104,541, about $173 per account.

How the Concerto Healthai Solutions 401(k) changed, 2018–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20184$17,660$0$0
201913$1.16 million$178,774$0
202038$23.2 million$1.06 million$2.24 million
2021498$30.9 million$1.72 million$2.77 million

Concerto Healthai Solutions 401(k) Contact Information

Phone
901-435-5670
Mailing address
501 BOYLSTON 10TH FLOOR, BOSTON MA 02116
Plan sponsor
CONCERTO HEALTH AI SOLUTIONS, LL
Employer identification number (EIN)
82-2784254
Plan number
001

Questions about the Concerto Healthai Solutions 401(k)

Is the Concerto Healthai Solutions 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.

Does Concerto Healthai Solutions contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $1.72 million, 25% of all contributions.

Does the Concerto Healthai Solutions 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Concerto Healthai Solutions 401(k) plan?

498 participants at the start of plan year 2021, 517 of them active employees, and 127 former employees who still had money in the plan.

What is the average 401(k) balance at Concerto Healthai Solutions?

About $51,009 per account: $30.9 million in plan assets across 606 accounts with a balance at the end of plan year 2021.

Who manages the Concerto Healthai Solutions 401(k) accounts?

ADP Retirement Services (listed on the filing as ADP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

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