Retirement plan

GENERAL PHYSICIAN, P.C. 401(K) PLAN

Name: GENERAL PHYSICIAN, P.C. - GENERAL PHYSICIAN, P.C. 401(K) PLAN (2018) Form 5500
Creator: GENERAL PHYSICIAN, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERAL PHYSICIAN, P.C. 401(K) PLAN, GENERAL PHYSICIAN, P.C.

GENERAL PHYSICIAN, P.C.EIN 16-1460136Plan #001PY 2018

726 EXCHANGE STREET, SUITE 516 - BUFFALO, NY 142101462716-422-2681gppconline.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$14.7M

+29.9% from 2017

Total participants

950

+56.0% from 2017

Average account balance

$17,020

-8.8% from 2017

Annual return

1.31%

-26.46 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$69.09M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

1,656

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.24M

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

+20.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109

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
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KEESTRA ADVISORY SERVCIES LLC Service code 26 · EIN 32-2552359	Advisory (Participants)	$25,000
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK NEW YORK Service code 15 · EIN 13-3646501	Recordkeeping	$4,699

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$99K

$111 / participant

Investment mgmt$25K25.2%
Contract admin$74K74.8%

% of EOY assets

0.674%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: TRONCONI SEGARRA & ASSOCIATES, LLP
Auditor EIN: 043728817
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,020

$37,196-54.2%

$154,111-89.0%

$55,725-69.5%

Participation rate

90.6%

64.1%+26.6pp

83.0%+7.6pp

70.9%+19.8pp

Annual return

1.31%

1319.68%-1318.4pp

735.18%-733.9pp

244.93%-243.6pp

Employer contribution / active EE

$1,706

$1,614+5.7%

$5,298-67.8%

$2,078-17.9%

Participant deferral / active EE

$3,243

$2,068+56.8%

$5,081-36.2%

$3,356-3.4%

Admin fee / account holder

$115

$102+12.9%

$13,411-99.1%

$115-0.4%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KEESTRA ADVISORY SERVCIES LLC

Service code 26 · EIN 32-2552359

Advisory (Participants)

$25,000

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK NEW YORK

Service code 15 · EIN 13-3646501

Recordkeeping

$4,699

GENERAL PHYSICIAN, P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAL PHYSICIAN, P.C. 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