Retirement plan

SPEAR PHYSICAL THERAPY PLLC 401(K) PLAN

Name: SPEAR PHYSICAL THERAPY - SPEAR PHYSICAL THERAPY PLLC 401(K) PLAN (2020) Form 5500
Creator: SPEAR PHYSICAL THERAPY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPEAR PHYSICAL THERAPY PLLC 401(K) PLAN, SPEAR PHYSICAL THERAPY

SPEAR PHYSICAL THERAPYdba SPEAR PHYSICAL THERAPYEIN 20-2775993Plan #002PY 2020

307 5TH AVE, 6TH FLOOR - NEW YORK, NY 10016646-790-7457

Other plans on this EIN

2 filings

#004Retirement-$1.2M assets #003Retirement-$426K assets

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$5.7M

+36.2% from 2019

Total participants

258

-18.9% from 2019

Average account balance

$40,851

+19.5% from 2019

Annual return

20.27%

+0.55 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.31M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

429

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.

36.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.15M

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

+14.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132

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
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$10,127
EQUITABLE ADVISORS LLC1 year Service code 27 · EIN 13-4078005	Advisory (Plan)	$8,180

Plan features & details

Pension benefit codes2T3B3D2E2F2G2J2K

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$19K

$85 / participant

Investment mgmt$9474.9%
Other / not subdivided$18K95.1%

% of EOY assets

0.339%

all-in expense ratio

Categories reported

1 / 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: MARKS PANETH
Auditor EIN: 113518842
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,851

$58,895-30.6%

$178,503-77.1%

$73,497-44.4%

Participation rate

47.6%

66.2%-18.7pp

81.9%-34.4pp

70.7%-23.1pp

Annual return

20.27%

24.86%-4.6pp

151.12%-130.8pp

28.51%-8.2pp

Employer contribution / active EE

$1,030

$2,236-53.9%

$5,011-79.4%

$2,270-54.6%

Participant deferral / active EE

$2,777

$2,567+8.2%

$5,202-46.6%

$3,740-25.7%

Admin fee / account holder

$139

$400-65.4%

$13,987-99.0%

$513-73.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$10,127

EQUITABLE ADVISORS LLC1 year

Service code 27 · EIN 13-4078005

Advisory (Plan)

$8,180

SPEAR PHYSICAL THERAPY PLLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPEAR PHYSICAL THERAPY PLLC 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