Retirement plan

FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN

Name: FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C. - FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN, FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C.

FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C.EIN 06-1452971Plan #001PY 2024

100 BEARD SAWMILL RD - SHELTON, CT 06484203-452-6240

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$30.9M

-12.6% from 2023

Total participants

151

+0.7% from 2023

Average account balance

$204,583

-13.2% from 2023

Annual return

10.49%

-5.96 pp from 2023

Benchmarks

See 6,026 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,026 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$30.89M

Not enough data

1 years with asset history on file

Average account balance

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

$205K

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.

151

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+10.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$304

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO., INC Service code 52 OMAHA OPERATIONS CENTER · OMAHA, NE 68103	Indirect Investment Fees	$25,677
OSAIC WEALTH INC1 year Filed as: OSAIC FS INC Service code 55 P.O. BOX 2201 · FORT WAYNE, IN 46801	Other Commissions	$21,447
LPL FINANCIAL1 year Service code 55	Other Commissions	$16,328
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 55 P.O. BOX 509026 · SAN DIEGO, CA 921509026	Other Commissions	$0

Plan features & details

Pension benefit codes2A2E2G2J2K2F2R3D2T

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).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$46K

$429 / participant

Recordkeeping$7K14.3%
Other / not subdivided$39K85.7%

% of EOY assets

0.149%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: COHNREZNICK, LLP
Auditor EIN: 334144829
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$204,583

$55,415+269.2%

$155,509+31.6%

$74,495+174.6%

Participation rate

100.0%

61.9%+38.1pp

78.2%+21.8pp

67.2%+32.8pp

Annual return

10.49%

268.50%-258.0pp

64.67%-54.2pp

1364.94%-1354.5pp

Employer contribution / active EE

$7,141

$2,267+215.0%

$4,672+52.8%

$2,623+172.2%

Participant deferral / active EE

$6,042

$2,836+113.1%

$5,626+7.4%

$4,346+39.0%

Admin fee / account holder

$304

$1,738-82.5%

$15,912-98.1%

$1,942-84.3%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO., INC

Service code 52

OMAHA OPERATIONS CENTER · OMAHA, NE 68103

Indirect Investment Fees

$25,677

OSAIC WEALTH INC1 year

Filed as: OSAIC FS INC

Service code 55

P.O. BOX 2201 · FORT WAYNE, IN 46801

Other Commissions

$21,447

LPL FINANCIAL1 year

Service code 55

Other Commissions

$16,328

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 55

P.O. BOX 509026 · SAN DIEGO, CA 921509026

Other Commissions

FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C. 401(K) PROFIT SHARING 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