Retirement plan

PREMIER MEDICAL GROUP PROFIT SHARING PLAN

Name: PREMIER MEDICAL GROUP - PREMIER MEDICAL GROUP PROFIT SHARING PLAN (2023) 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 2023

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

Other plans on this EIN

2 filings

#002Retirement-$26.4M assets #003Retirement-$3.7M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$21.4M

+17.6% from 2022

Total participants

167

-4.6% from 2022

Average account balance

$143,802

+20.8% from 2022

Annual return

20.46%

+39.49 pp from 2022

Benchmarks

See 20,797 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,797 peers

Snapshot2023

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 SERV7 years Filed as: NORTHWESTERN MUTUAL INVESTMENT Service code 55 · EIN 52-2114207	Other Commissions	$16,107
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$8,825

Plan features & details

Pension benefit codes2R2E2F2G2J2T3D

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$9K

$94 / participant

Recordkeeping$9K100.0%

% of EOY assets

0.041%

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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$143,802

$77,920+84.5%

$149,723-4.0%

$75,177+91.3%

Participation rate

80.9%

65.6%+15.3pp

78.8%+2.1pp

67.2%+13.6pp

Annual return

20.46%

31.72%-11.3pp

134.50%-114.0pp

160.75%-140.3pp

Employer contribution / active EE

$2,794

$3,138-11.0%

$4,821-42.0%

$2,671+4.6%

Participant deferral / active EE

$5,586

$3,411+63.8%

$5,682-1.7%

$4,126+35.4%

Admin fee / account holder

$59

$5,951-99.0%

$13,215-99.6%

$5,651-99.0%

Provider

Service type

Compensation

NORTHWESTERN MUTUAL INVESTMENT SERV7 years

Filed as: NORTHWESTERN MUTUAL INVESTMENT

Service code 55 · EIN 52-2114207

Other Commissions

$16,107

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$8,825

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