Retirement plan

PRIMARY CARE CENTERS OF EASTERN KENTUCKY 401K PLAN

Name: PRIMARY CARE CENTERS OF EASTERN KENTUCKY - PRIMARY CARE CENTERS OF EASTERN KENTUCKY 401K PLAN (2022) Form 5500
Creator: PRIMARY CARE CENTERS OF EASTERN KENTUCKY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRIMARY CARE CENTERS OF EASTERN KENTUCKY 401K PLAN, PRIMARY CARE CENTERS OF EASTERN KENTUCKY

PRIMARY CARE CENTERS OF EASTERN KENTUCKYEIN 06-1685195Plan #001PY 2022

101 TOWN AND COUNTRY LANE, STE 100 - HAZARD, KY 41701606-439-1300pccek.comLinkedIn51-200 employeesmedical practice

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$9.8M

-11.7% from 2021

Total participants

306

+12.1% from 2021

Average account balance

$46,494

-17.2% from 2021

Annual return

-17.41%

-32.93 pp from 2021

Benchmarks

See 5,349 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,349 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.12M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

257

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.

63.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$96

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE4 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$56,832
LPL FINANCIAL4 years Filed as: LPL FINANCIAL LLC Service code 55 4707 EXECUTIVE DR · SAN DIEGO, CA 92121	Other Commissions	$26,455
ERISA SMART4 years Service code 37 2419 E HARBOR BLVD STE 163 · VENTURA, CA 93001	Loan Processing	$7,429
LEAFHOUSE FINANCIAL ADVISORS, LLC4 years Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC Service code 27 6504 BRIDGEPOINT PARTKWAY STE 450 · AUSTIN, TX 78730	Advisory (Plan)	$4,644
CREATIVE RETIREMENT SYSTEMS, INC.8+ years Service code 15 25 MERCHANT ST. STE 135 · CINCINNATI, OH 45246	Recordkeeping	$3,903

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$16K

$63 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.160%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BALDWIN CPAS
Auditor EIN: 201416603
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,494

$65,092-28.6%

$143,799-67.7%

$66,938-30.5%

Participation rate

61.3%

65.2%-3.9pp

80.3%-19.0pp

69.8%-8.5pp

Annual return

-17.41%

-11.14%-6.3pp

-0.04%-17.4pp

1.58%-19.0pp

Employer contribution / active EE

$1,563

$2,362-33.8%

$4,952-68.4%

$2,545-38.6%

Participant deferral / active EE

$2,339

$2,920-19.9%

$5,638-58.5%

$4,238-44.8%

Admin fee / account holder

$75

$502-85.2%

$14,677-99.5%

$594-87.4%

Provider

Service type

Compensation

NATIONWIDE4 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$56,832

LPL FINANCIAL4 years

Filed as: LPL FINANCIAL LLC

Service code 55

4707 EXECUTIVE DR · SAN DIEGO, CA 92121

Other Commissions

$26,455

ERISA SMART4 years

Service code 37

2419 E HARBOR BLVD STE 163 · VENTURA, CA 93001

Loan Processing

$7,429

LEAFHOUSE FINANCIAL ADVISORS, LLC4 years

Filed as: LEAFHOUSE FINANCIAL ADVISORS LLC

Service code 27

6504 BRIDGEPOINT PARTKWAY STE 450 · AUSTIN, TX 78730

Advisory (Plan)

$4,644

CREATIVE RETIREMENT SYSTEMS, INC.8+ years

Service code 15

25 MERCHANT ST. STE 135 · CINCINNATI, OH 45246

Recordkeeping

$3,903

PRIMARY CARE CENTERS OF EASTERN KENTUCKY 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRIMARY CARE CENTERS OF EASTERN KENTUCKY 401K 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