Retirement plan

FLORIDA PROTON THERAPY INSTITUTE, INC. 401(K) PLAN

Name: FLORIDA PROTON THERAPY INSTITUTE, INC. - FLORIDA PROTON THERAPY INSTITUTE, INC. 401(K) PLAN (2023) Form 5500
Creator: FLORIDA PROTON THERAPY INSTITUTE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLORIDA PROTON THERAPY INSTITUTE, INC. 401(K) PLAN, FLORIDA PROTON THERAPY INSTITUTE, INC.

FLORIDA PROTON THERAPY INSTITUTE, INC.EIN 01-0554709Plan #001PY 2023

2015 NORTH JEFFERSON STREET - JACKSONVILLE, FL 32206904-588-1424LinkedIn51-200 employeesmedical practice

Prospect flagsFailed to provide benefit

How to read this page

Total assets (EOY)

$10.3M

+24.2% from 2022

Total participants

183

-1.1% from 2022

Average account balance

$58,651

+11.5% from 2022

Annual return

20.20%

+36.53 pp from 2022

Benchmarks

See 5,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,710 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$11.74M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$62K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

190

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$902K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.14%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$20

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
MORNINGSTAR7 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381 22 WEST WASHINGTON ST · CHICAGO, IL 60602	Advisory (Participants)	$401
VOYA RETIREMENT INSURANCE & ANNUITY9+ years Service code 26 · EIN 71-0294708 PO BOX 990057 · HARTFORD, CT 061990067	Advisory (Participants)	$401
BDO USA, LLP3 years Service code 49 · EIN 13-5381590 PO BOX 642743 · PITTSBURGH, PA 15264	Other Services	$0
GALLAGHER FIDUCIARY ADVISORS, LLC2 years Filed as: GALLAGHER BENEFIT SERVICES INC Service code 99 · EIN 36-4291971 250 PARK AVENUE, FIFTH FLOOR · NEW YORK, NY 10177	Other Fees	$0

Plan features & details

Pension benefit codes2A2E2F2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$5K

$41 / participant

Contract admin$5K100.0%

% of EOY assets

0.051%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MSL, P.A.
Auditor EIN: 593070669
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,651

$61,338-4.4%

$149,717-60.8%

$71,495-18.0%

Participation rate

93.7%

62.5%+31.2pp

78.8%+14.9pp

67.9%+25.8pp

Annual return

20.20%

35.86%-15.7pp

134.41%-114.2pp

28.85%-8.7pp

Employer contribution / active EE

$1,787

$2,381-25.0%

$4,820-62.9%

$2,589-31.0%

Participant deferral / active EE

$4,133

$2,919+41.6%

$5,682-27.3%

$4,291-3.7%

Admin fee / account holder

$30

$1,263-97.6%

$13,213-99.8%

$1,588-98.1%

Provider

Service type

Compensation

MORNINGSTAR7 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

22 WEST WASHINGTON ST · CHICAGO, IL 60602

Advisory (Participants)

$401

VOYA RETIREMENT INSURANCE & ANNUITY9+ years

Service code 26 · EIN 71-0294708

PO BOX 990057 · HARTFORD, CT 061990067

Advisory (Participants)

$401

BDO USA, LLP3 years

Service code 49 · EIN 13-5381590

PO BOX 642743 · PITTSBURGH, PA 15264

Other Services

GALLAGHER FIDUCIARY ADVISORS, LLC2 years

Filed as: GALLAGHER BENEFIT SERVICES INC

Service code 99 · EIN 36-4291971

250 PARK AVENUE, FIFTH FLOOR · NEW YORK, NY 10177

Other Fees

FLORIDA PROTON THERAPY INSTITUTE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLORIDA PROTON THERAPY INSTITUTE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion