Retirement plan

PHYSICAL THERAPY & SPORTS MEDICINE CENTERS 401(K) PLAN

Name: ANB-PTSMA HOLDINGS, INC. - PHYSICAL THERAPY & SPORTS MEDICINE CENTERS 401(K) PLAN (2023) Form 5500
Creator: ANB-PTSMA HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHYSICAL THERAPY & SPORTS MEDICINE CENTERS 401(K) PLAN, ANB-PTSMA HOLDINGS, INC.

ANB-PTSMA HOLDINGS, INC.dba PHYSICAL THERAPY & SPORTS MEDICINE CENTERSEIN 06-1569920Plan #002PY 2023

47 NORTH MAIN STREET - WEST HARTFORD, CT 06107860-409-4595LinkedIn1-10 employeesmedical practice

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$17.5M

+32.8% from 2022

Total participants

314

+9.4% from 2022

Average account balance

-100.0% from 2022

Annual return

21.03%

+32.93 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.76M

Not enough data

1 years with asset history on file

Average account balance

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

$65K

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.

336

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

$2.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$308

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 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Service code 15 · EIN 01-0233346	Recordkeeping	$39,897
CONNECTICUT WEALTH MANAGEMENT3 years Filed as: CONNECTICUT WEALTH MNGMT Service code 26 281 FARMINGTON AVENUE · FARMINGTON, CT 06032	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$96K

$358 / participant

Recordkeeping$96K100.0%

% of EOY assets

0.547%

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: SRC CERTIFIED PUBLIC ACCOUNTANTS PC
Auditor EIN: 061026561
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,180-100.0%

$149,723-100.0%

$74,473-100.0%

Participation rate

0.0%

63.4%-63.4pp

78.8%-78.8pp

70.7%-70.7pp

Annual return

21.03%

22.75%-1.7pp

134.50%-113.5pp

34.36%-13.3pp

Employer contribution / active EE

$2,074

$1,907+8.8%

$4,821-57.0%

$2,638-21.4%

Participant deferral / active EE

$5,632

$2,730+106.3%

$5,682-0.9%

$4,530+24.3%

Admin fee / account holder

$343-100.0%

$13,215-100.0%

$347-100.0%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Service code 15 · EIN 01-0233346

Recordkeeping

$39,897

CONNECTICUT WEALTH MANAGEMENT3 years

Filed as: CONNECTICUT WEALTH MNGMT

Service code 26

281 FARMINGTON AVENUE · FARMINGTON, CT 06032

Advisory (Participants)

PHYSICAL THERAPY & SPORTS MEDICINE CENTERS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHYSICAL THERAPY & SPORTS MEDICINE CENTERS 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