Retirement plan

PREMIER MEDICAL GROUP PROFIT SHARING PLAN

Name: PREMIER MEDICAL GROUP - PREMIER MEDICAL GROUP PROFIT SHARING PLAN (2022) Form 5500
Creator: PREMIER MEDICAL GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREMIER MEDICAL GROUP PROFIT SHARING PLAN, PREMIER MEDICAL GROUP

PREMIER MEDICAL GROUPEIN 14-1536357Plan #001PY 2022

1 COLUMBIA STREET, SUITE 390 - POUGHKEEPSIE, NY 12601845-452-8730premiermetalgroup.comLinkedIn11-50 employeesbuilding materials

Other plans on this EIN

2 filings

#002Retirement-$20.5M assets #003Retirement-$3.0M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$18.2M

-24.4% from 2021

Total participants

175

-9.3% from 2021

Average account balance

$119,052

-18.5% from 2021

Annual return

-19.04%

-35.11 pp from 2021

Benchmarks

See 19,701 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,701 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.37M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

143

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.

81.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.25M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+18.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10

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
NORTHWESTERN MUTUAL INVESTMENT SERV6 years Filed as: NORTHWESTERN MUTUAL INVESTMENT Service code 55 · EIN 52-2114207	Other Commissions	$17,781
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$4,275

Plan features & details

Pension benefit codes2E2F2G2J2T2R3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$4K

$49 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.023%

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: PFK O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$119,052

$73,863+61.2%

$143,797-17.2%

$68,490+73.8%

Participation rate

75.0%

66.7%+8.3pp

80.3%-5.3pp

67.9%+7.1pp

Annual return

-19.04%

0.91%-19.9pp

-0.04%-19.0pp

-7.85%-11.2pp

Employer contribution / active EE

$6,579

$3,185+106.6%

$4,952+32.8%

$2,597+153.4%

Participant deferral / active EE

$5,763

$3,385+70.3%

$5,638+2.2%

$4,028+43.1%

Admin fee / account holder

$28

$5,756-99.5%

$14,679-99.8%

$5,403-99.5%

Provider

Service type

Compensation

NORTHWESTERN MUTUAL INVESTMENT SERV6 years

Filed as: NORTHWESTERN MUTUAL INVESTMENT

Service code 55 · EIN 52-2114207

Other Commissions

$17,781

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$4,275

PREMIER MEDICAL GROUP PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREMIER MEDICAL GROUP 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